Teck Resources Ltd (TSE:TECK.B) Given Consensus Recommendation of “Buy” by Brokerages

Teck Resources Ltd (TSE:TECK.B) has been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$71.86.

A number of equities research analysts recently weighed in on TECK.B shares. National Bankshares boosted their price target on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Eight Capital boosted their price target on shares of Teck Resources from C$65.00 to C$72.00 and gave the stock a “buy” rating in a research note on Monday. B. Riley dropped their price target on shares of Teck Resources from C$72.00 to C$59.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Canaccord Genuity Group boosted their price target on shares of Teck Resources from C$59.00 to C$75.00 in a research note on Wednesday, April 17th. Finally, Raymond James boosted their price target on shares of Teck Resources from C$64.00 to C$70.00 in a research note on Tuesday.

Teck Resources Stock Performance

TSE:TECK.B opened at C$67.65 on Friday. The company has a fifty day simple moving average of C$59.39 and a two-hundred day simple moving average of C$54.69. The company has a market cap of C$34.54 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$69.41.

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.