Teck Resources Ltd (TSE:TECK.B) Stock Rated “Hold” by Wall Street Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have been given an average rating of “Hold” by the eight analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$87.90.

A number of brokerages have weighed in on TECK.B. Canaccord Genuity Group dropped their target price on shares of Teck Resources from C$84.00 to C$81.00 and set a “hold” rating for the company in a research note on Friday, July 24th. National Bank Financial upped their target price on shares of Teck Resources from C$100.00 to C$105.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Raymond James Financial increased their price target on shares of Teck Resources from C$93.00 to C$105.00 and gave the company an “outperform” rating in a research note on Wednesday, August 26th.

Teck Resources Stock Up 1.7%

Shares of TSE TECK.B opened at C$90.71 on Friday. Teck Resources has a 12-month low of C$53.55 and a 12-month high of C$99.91. The firm’s 50-day simple moving average is C$91.50 and its 200 day simple moving average is C$84.68. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The company has a market cap of C$44.54 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of -0.38 and a beta of 1.77.

Teck Resources Company Profile

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.