Teck Resources Ltd (TSE:TECK.B) Receives C$71.86 Average Target Price from Brokerages

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$71.91.

TECK.B has been the subject of several research analyst reports. National Bankshares lifted their price objective on Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. UBS Group cut their price target on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Bank of America lifted their price target on Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. Eight Capital lifted their target price on shares of Teck Resources from C$65.00 to C$72.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Scotiabank lifted their target price on shares of Teck Resources from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, January 15th.

Teck Resources Stock Up 1.8 %

Shares of TSE:TECK.B opened at C$68.85 on Friday. The firm has a market cap of C$35.15 billion, a P/E ratio of 14.84, a P/E/G 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 12-month low of C$47.47 and a 12-month high of C$69.59. The business has a fifty day simple moving average of C$59.73 and a 200 day simple moving average of C$54.76.

Teck Resources Company Profile

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.