Brokerages Set Teck Resources Ltd (TSE:TECK.B) PT at C$77.50

Shares of Teck Resources Ltd (TSE:TECK.B) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$76.29.

Several research firms recently commented on TECK.B. Scotiabank lowered their target price on Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Thursday. Canaccord Genuity Group lowered their price target on Teck Resources from C$73.00 to C$71.00 and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity Group reduced their price objective on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Finally, Jefferies Financial Group reduced their price target on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th.

Teck Resources Trading Up 1.8 %

Shares of TSE TECK.B opened at C$60.39 on Friday. Teck Resources has a 12-month low of C$49.45 and a 12-month high of C$74.37. The company has a market cap of C$30.92 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The stock’s 50 day simple moving average is C$61.68 and its 200 day simple moving average is C$64.34.

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.