News headlines about Teck Resources (NYSE:TECK) (TSE:TECK) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.7721792031275 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Teck Resources Ltd. – Value Analysis (NYSE:TECK) : October 9, 2017 (finance.yahoo.com)
- Teck Resources fined USD 1.4 million for fisheries act violations at coal operation (steelguru.com)
- Teck Resources Ltd (TECK) PT Raised to $29.00 (americanbankingnews.com)
- Teck Resources Ltd (TECK) Upgraded by ValuEngine to “Strong-Buy” (americanbankingnews.com)
- Teck Resources (TECK) and The Competition Financial Analysis (americanbankingnews.com)
Teck Resources (TECK) opened at 22.47 on Wednesday. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 7.73 and a beta of 1.21. The company has a 50 day moving average of $22.91 and a 200 day moving average of $20.61. Teck Resources has a 12 month low of $14.56 and a 12 month high of $26.60.
Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.75 billion. Teck Resources had a return on equity of 13.01% and a net margin of 17.93%. Teck Resources’s revenue for the quarter was up 62.0% compared to the same quarter last year. On average, equities analysts predict that Teck Resources will post $3.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.0399 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, September 14th. Teck Resources’s dividend payout ratio (DPR) is 3.01%.
Several brokerages have issued reports on TECK. MKM Partners reiterated a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Teck Resources in a report on Thursday, August 24th. ValuEngine cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Bank of America Corporation increased their target price on shares of Teck Resources from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Teck Resources in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.18.
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Teck Resources Company Profile
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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