Teck Resources Ltd (TECK.B) Receives C$37.07 Average PT from Analysts

Teck Resources Ltd (TSE:TECK.B) has earned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$37.07.

Several research analysts recently commented on TECK.B shares. Scotiabank reiterated an “outperform” rating and issued a C$38.00 price target on shares of Teck Resources in a research report on Friday, November 17th. BMO Capital Markets lifted their price target on Teck Resources from C$37.00 to C$41.00 in a research report on Monday, December 18th. TD Securities dropped their price target on Teck Resources from C$41.00 to C$38.00 and set a “buy” rating for the company in a research report on Friday, October 27th. CIBC reiterated an “outperform” rating and issued a C$38.00 price target on shares of Teck Resources in a research report on Friday, November 17th. Finally, JPMorgan Chase & Co. dropped their price target on Teck Resources from C$41.00 to C$39.00 in a research report on Tuesday, October 17th.

Shares of Teck Resources (TSE TECK.B) traded up C$1.38 during mid-day trading on Monday, hitting C$37.90. The stock had a trading volume of 2,420,000 shares, compared to its average volume of 1,920,000. Teck Resources has a 1 year low of C$19.27 and a 1 year high of C$37.94. The company has a market capitalization of $21,860.00, a PE ratio of 8.94 and a beta of 0.93.

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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.

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

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