Teck Resources Ltd (TSE:TECK.B) Receives C$76.75 Average Target Price from Analysts

Teck Resources Ltd (TSE:TECK.B) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$77.13.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Teck Resources from C$78.00 to C$76.00 in a research report on Friday, October 25th. Royal Bank of Canada reduced their price target on Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Scotiabank raised their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. CIBC reduced their target price on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Finally, National Bankshares raised their price target on shares of Teck Resources from C$86.00 to C$90.00 in a research note on Tuesday, October 15th.

Teck Resources Stock Performance

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 company has a 50-day simple moving average of C$66.68 and a 200-day simple moving average of C$66.74. Teck Resources has a 52-week low of C$47.61 and a 52-week high of C$74.37. The company has a market capitalization of C$32.68 billion, a PE ratio of 22.53, a PEG ratio of -0.38 and a beta of 1.37.

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.