Shares of Teck Resources Ltd (TSE:TECK.B) have earned an average rating of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$36.50.

A number of research analysts have recently weighed in on TECK.B shares. Royal Bank of Canada reduced their target price on shares of Teck Resources from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. CSFB reduced their target price on shares of Teck Resources from C$43.00 to C$35.00 in a research report on Tuesday, October 22nd. CIBC reduced their target price on shares of Teck Resources from C$39.00 to C$37.00 in a research report on Tuesday, October 29th. Raymond James reduced their target price on shares of Teck Resources from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, TD Securities reduced their target price on shares of Teck Resources from C$38.00 to C$32.00 and set a “buy” rating for the company in a research report on Friday, October 11th.

TSE:TECK.B traded up C$0.05 on Thursday, hitting C$21.12. The stock had a trading volume of 129,901 shares, compared to its average volume of 1,990,000. The company has a debt-to-equity ratio of 24.09, a quick ratio of 1.16 and a current ratio of 2.09. The stock has a market cap of $11.51 billion and a P/E ratio of 7.26. Teck Resources has a 1 year low of C$19.34 and a 1 year high of C$34.31. The firm’s fifty day simple moving average is C$21.52 and its two-hundred day simple moving average is C$25.51.

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.

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

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