Teck Resources Ltd (TSE:TECK.B) Stock Has Consensus Price Target of C$87.90

Shares of Teck Resources Ltd (TSE:TECK.B) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$87.90.

A number of research analysts recently commented on the company. Canaccord Genuity Group lowered their price objective on Teck Resources from C$84.00 to C$81.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Raymond James Financial increased their target price on Teck Resources from C$93.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Finally, National Bank Financial raised their target price on Teck Resources from C$100.00 to C$105.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th.

Teck Resources Stock Up 1.2%

Shares of Teck Resources stock opened at C$93.37 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The business’s 50 day simple moving average is C$93.75 and its 200-day simple moving average is C$87.48. The stock has a market capitalization of C$45.81 billion, a price-to-earnings ratio of 18.34, a PEG ratio of -0.38 and a beta of 1.99. Teck Resources has a twelve month low of C$53.55 and a twelve month high of C$99.91.

About Teck Resources

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.