Teck Resources Ltd (TSE:TECK.B) has earned an average rating of “Buy” from the twelve analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$43.21.
TECK.B has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. National Bank Financial downgraded Detour Gold to a “hold” rating in a report on Friday, June 28th. Canaccord Genuity decreased their price objective on Trevali Mining from C$0.75 to C$0.65 in a report on Monday, April 15th. CSFB increased their price objective on Teck Resources from C$38.00 to C$42.00 in a report on Thursday, April 18th. Finally, TD Securities increased their price objective on Teck Resources from C$42.00 to C$44.00 and gave the stock an “action list buy” rating in a report on Tuesday, June 4th.
TSE:TECK.B traded up C$0.21 during mid-day trading on Friday, hitting C$29.01. The company had a trading volume of 533,530 shares, compared to its average volume of 1,990,000. Teck Resources has a fifty-two week low of C$23.90 and a fifty-two week high of C$34.49. The company has a fifty day moving average price of C$28.91. The company has a current ratio of 2.95, a quick ratio of 1.95 and a debt-to-equity ratio of 27.70. The stock has a market capitalization of $16.77 billion and a price-to-earnings ratio of 5.64.
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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