Teck Resources Limited (NYSE:TECK – Get Free Report) (TSE:TECK) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $65.29.
A number of equities research analysts have recently issued reports on TECK shares. BMO Capital Markets started coverage on shares of Teck Resources in a report on Monday, July 15th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a report on Friday. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Teck Resources in a report on Thursday, July 25th. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Finally, CIBC boosted their price objective on Teck Resources from $70.00 to $80.00 and gave the stock an “outperformer” rating in a research note on Friday, July 12th.
Check Out Our Latest Analysis on TECK
Institutional Trading of Teck Resources
Teck Resources Price Performance
NYSE:TECK opened at $47.35 on Tuesday. The stock has a 50 day moving average of $48.73 and a two-hundred day moving average of $48.73. Teck Resources has a 12 month low of $34.38 and a 12 month high of $55.13. The firm has a market cap of $24.19 billion, a P/E ratio of 20.95 and a beta of 1.02. The company has a current ratio of 1.48, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19.
Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.47 by $0.32. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Teck Resources had a return on equity of 6.52% and a net margin of 9.40%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, analysts expect that Teck Resources will post 1.93 earnings per share for the current fiscal year.
Teck Resources Company Profile
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.
See Also
- Five stocks we like better than Teck Resources
- How to Invest in Small Cap Stocks
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- The 3 Best Retail Stocks to Shop for in August
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Stock Sentiment Analysis: How it Works
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.