Teck Resources Ltd (TSE:TECK.B) Stock Has Consensus Price Target of C$85.36

Shares of Teck Resources Ltd (TSE:TECK.B) have received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$85.36.

TECK.B has been the subject of several research reports. Scotiabank boosted their price objective on shares of Teck Resources from C$80.00 to C$85.00 and gave the company a “sector perform” rating in a report on Monday, June 15th. Canaccord Genuity Group cut their target price on shares of Teck Resources from C$84.00 to C$81.00 and set a “hold” rating for the company in a research report on Friday, July 24th. National Bank Financial boosted their target price on shares of Teck Resources from C$100.00 to C$105.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Finally, Raymond James Financial increased their price target on Teck Resources from C$93.00 to C$105.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th.

Teck Resources Price Performance

TECK.B opened at C$94.03 on Friday. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a market capitalization of C$46.13 billion, a P/E ratio of 18.47, a P/E/G ratio of -0.38 and a beta of 1.84. The company’s 50-day simple moving average is C$90.75 and its two-hundred day simple moving average is C$84.70. Teck Resources has a 52-week low of C$53.55 and a 52-week high of C$99.91.

About Teck Resources

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.