Teck Resources Ltd (TECK.B) Given Consensus Rating of “Buy” by Analysts
Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$42.79.
TECK.B has been the subject of several research reports. BMO Capital Markets increased their price target on shares of Teck Resources from C$37.00 to C$41.00 in a research note on Monday, December 18th. Scotiabank reiterated an “outperform” rating and issued a C$38.00 price target on shares of Teck Resources in a research note on Friday, November 17th. CIBC reiterated an “outperform” rating and issued a C$38.00 price target on shares of Teck Resources in a research note on Friday, November 17th. Royal Bank of Canada lifted their price target on shares of Teck Resources from C$37.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Finally, CSFB lifted their price target on shares of Teck Resources from C$33.56 to C$45.00 in a research note on Tuesday, January 30th.
Shares of Teck Resources (TSE TECK.B) traded down C$0.21 during trading on Tuesday, hitting C$36.40. 1,450,000 shares of the company traded hands, compared to its average volume of 2,250,000. The company has a market cap of $20,870.00, a price-to-earnings ratio of 8.39 and a beta of 0.94. Teck Resources has a 52 week low of C$19.27 and a 52 week high of C$38.66.
About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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