Teck Resources Ltd (TSE:TECK.B) Stock Has Consensus Price Target of C$87.90 According to Analysts

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$87.90.

Several brokerages recently weighed in on TECK.B. Canaccord Genuity Group cut their target price on shares of Teck Resources from C$84.00 to C$81.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Raymond James Financial upped their target price on shares of Teck Resources from C$93.00 to C$105.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. Finally, National Bank Financial raised their price target on shares of Teck Resources from C$100.00 to C$105.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th.

Teck Resources Stock Down 2.0%

Shares of TSE:TECK.B opened at C$89.59 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The company has a market capitalization of C$43.95 billion, a P/E ratio of 17.60, a P/E/G ratio of -0.38 and a beta of 1.99. Teck Resources has a 52-week low of C$53.55 and a 52-week high of C$99.91. The stock’s fifty day simple moving average is C$93.65 and its 200-day simple moving average is C$87.77.

About Teck Resources

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.