Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned an average rating of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$44.63.

Several analysts have weighed in on TECK.B shares. Raymond James reaffirmed an “outperform” rating and set a C$46.00 target price on shares of Teck Resources in a research note on Monday, February 4th. Barclays lifted their target price on Teck Resources from C$38.00 to C$42.00 in a research note on Monday, January 21st. Goldman Sachs Group raised Teck Resources from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$38.00 to C$39.00 in a research note on Monday, January 14th. National Bank Financial cut their target price on Teck Resources from C$40.00 to C$38.50 in a research note on Monday, January 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$48.00 target price on shares of Teck Resources in a research note on Wednesday, January 9th.

TSE:TECK.B traded up C$0.01 during midday trading on Tuesday, reaching C$29.94. 421,238 shares of the company traded hands, compared to its average volume of 1,990,000. Teck Resources has a twelve month low of C$19.27 and a twelve month high of C$38.66. The firm has a market capitalization of $16.97 billion and a P/E ratio of 5.04. The company has a debt-to-equity ratio of 23.30, a current ratio of 2.30 and a quick ratio of 1.28.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

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