Brokerages Set Teck Resources Ltd (TSE:TECK.B) Target Price at C$77.00

Teck Resources Ltd (TSE:TECK.B) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$77.00.

TECK.B has been the subject of a number of recent analyst reports. Citigroup lifted their price target on Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Bank of America decreased their price target on Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. TD Securities lifted their price target on Teck Resources from C$78.00 to C$80.00 in a report on Tuesday, July 16th. Raymond James lifted their price target on Teck Resources from C$71.00 to C$73.00 in a report on Monday, September 30th. Finally, Eight Capital lifted their price target on Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th.

Teck Resources Trading Down 0.0 %

TSE:TECK.B opened at C$69.66 on Friday. The firm has a market cap of C$35.67 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The stock has a fifty day moving average price of C$66.00 and a 200 day moving average price of C$66.52. Teck Resources has a 12-month low of C$47.47 and a 12-month high of C$74.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46.

About Teck Resources

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.