Brokerages Set Teck Resources Ltd (TSE:TECK.B) PT at C$80.25

Teck Resources Ltd (TSE:TECK.B) has been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$80.25.

TECK.B has been the subject of several research analyst reports. National Bank Financial upped their price objective on shares of Teck Resources from C$90.00 to C$92.50 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Canadian Imperial Bank of Commerce upped their price objective on shares of Teck Resources from C$79.00 to C$83.00 and gave the company a “tender” rating in a research note on Friday, April 24th. Scotiabank upped their price objective on shares of Teck Resources from C$70.00 to C$75.00 in a research note on Tuesday, April 14th. Raymond James Financial upped their price objective on shares of Teck Resources from C$78.00 to C$80.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Canaccord Genuity Group upped their price objective on shares of Teck Resources from C$78.00 to C$85.50 and gave the company a “hold” rating in a research note on Friday, April 24th.

Teck Resources Stock Performance

TSE TECK.B opened at C$90.61 on Wednesday. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. Teck Resources has a 1 year low of C$42.95 and a 1 year high of C$98.58. The company has a market capitalization of C$44.36 billion, a PE ratio of 24.03, a P/E/G ratio of -0.38 and a beta of 1.76. The company has a fifty day moving average of C$84.11 and a two-hundred day moving average of C$74.83.

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. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.