Somewhat Positive Press Coverage Somewhat Unlikely to Impact Teck Resources (TECK) Share Price

News coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teck Resources earned a news impact score of 0.10 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.7463946396494 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research firms have recently issued reports on TECK. B. Riley reaffirmed a “buy” rating on shares of Teck Resources in a research report on Wednesday, November 1st. Deutsche Bank reaffirmed a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Teck Resources in a research report on Monday, September 25th. MKM Partners reaffirmed a “buy” rating and issued a $30.00 price target on shares of Teck Resources in a research report on Wednesday, September 20th. ValuEngine lowered Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Bank of America lifted their price target on Teck Resources from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $28.94.

Shares of Teck Resources (NYSE:TECK) traded up $0.41 during trading hours on Friday, reaching $30.64. The company’s stock had a trading volume of 4,820,065 shares, compared to its average volume of 4,899,478. Teck Resources has a fifty-two week low of $14.56 and a fifty-two week high of $30.79. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17,670.00, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.52 and a beta of 1.31.

The firm also recently announced a special dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.3141 dividend. This represents a yield of 0.72%. The ex-dividend date was Thursday, December 14th. Teck Resources’s dividend payout ratio (DPR) is 4.73%.

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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.

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