Teck Resources Ltd (TSE:TECK.B) Receives Average Recommendation of “Buy” from Analysts

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.

About Teck Resources

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.

Recommended Story: What moving averages are used to define a golden cross?

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

Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.