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

Teck Resources Ltd (TSE:TECK.B) has received an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$81.08.

A number of brokerages have issued reports on TECK.B. TD Securities lifted their price target on shares of Teck Resources from C$76.00 to C$82.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Scotiabank increased their price objective on shares of Teck Resources from C$80.00 to C$85.00 and gave the company a “sector perform” rating in a report on Monday. National Bank Financial raised their price objective on Teck Resources from C$90.00 to C$92.50 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Canaccord Genuity Group lifted their target price on Teck Resources from C$78.00 to C$85.50 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Teck Resources from C$79.00 to C$83.00 and gave the stock a “tender” rating in a research report on Friday, April 24th.

Teck Resources Price Performance

TECK.B stock opened at C$93.69 on Wednesday. Teck Resources has a one year low of C$42.95 and a one year high of C$98.58. The company’s fifty day moving average price is C$84.90 and its 200-day moving average price is C$75.42. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company has a market capitalization of C$45.87 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of -0.38 and a beta of 1.76.

About Teck Resources

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%.