Analysts Set Teck Resources Ltd (TSE:TECK.B) Price Target at C$84.27

Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$85.36.

A number of equities analysts have recently commented on the company. Scotiabank raised their price target on Teck Resources from C$80.00 to C$85.00 and gave the stock a “sector perform” rating in a report on Monday, June 15th. Raymond James Financial increased their price objective on Teck Resources from C$93.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. National Bank Financial boosted their price objective on Teck Resources from C$100.00 to C$105.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Finally, Canaccord Genuity Group lowered their price target on Teck Resources from C$84.00 to C$81.00 and set a “hold” rating on the stock in a research report on Friday, July 24th.

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$96.43 on Monday. Teck Resources has a 52 week low of C$43.85 and a 52 week high of C$99.81. The firm’s 50-day simple moving average is C$86.98 and its two-hundred day simple moving average is C$82.78. The firm has a market cap of C$47.31 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of -0.38 and a beta of 1.80. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.