Analysts Set Teck Resources Ltd (TSE:TECK.B) Price Target at C$75.50

Teck Resources Ltd (TSE:TECK.B) has received a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$75.50.

A number of equities analysts have issued reports on TECK.B shares. Stifel Nicolaus raised their price target on shares of Teck Resources from C$65.00 to C$80.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. National Bank Financial increased their price objective on shares of Teck Resources from C$70.00 to C$80.00 in a research note on Thursday, January 29th. Jefferies Financial Group raised their target price on shares of Teck Resources from C$71.00 to C$80.00 in a report on Monday, January 12th. Desjardins boosted their target price on shares of Teck Resources from C$65.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Finally, Scotiabank lowered their price target on shares of Teck Resources from C$80.00 to C$70.00 in a report on Monday, March 23rd.

Teck Resources Stock Performance

Teck Resources stock opened at C$67.47 on Friday. The stock has a 50-day moving average price of C$74.44 and a 200 day moving average price of C$65.68. The company has a market capitalization of C$33.03 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of -0.38 and a beta of 1.92. Teck Resources has a 52 week low of C$40.23 and a 52 week high of C$85.42. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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%.