TECK has been the topic of a number of other reports. BidaskClub downgraded Teck Resources from a strong-buy rating to a buy rating in a research report on Saturday, October 28th. Zacks Investment Research raised Teck Resources from a hold rating to a strong-buy rating and set a $33.00 target price on the stock in a research report on Friday, February 9th. ValuEngine raised Teck Resources from a hold rating to a buy rating in a research report on Friday, December 1st. CIBC initiated coverage on shares of Teck Resources in a research note on Friday, November 17th. They set a sector outperform rating for the company. Finally, Citigroup cut shares of Teck Resources from a buy rating to a neutral rating in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $30.06.
Shares of Teck Resources (NYSE:TECK) traded up $0.46 during trading hours on Tuesday, hitting $27.41. The company had a trading volume of 2,071,506 shares, compared to its average volume of 3,850,000. Teck Resources has a twelve month low of $14.56 and a twelve month high of $30.80. The company has a current ratio of 1.81, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $15,720.00, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.72 and a beta of 1.37.
Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.06). The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.28 billion. Teck Resources had a net margin of 20.83% and a return on equity of 13.69%. Teck Resources’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business earned $1.61 earnings per share. sell-side analysts anticipate that Teck Resources will post 3.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Teck Resources’s previous quarterly dividend of $0.04. Teck Resources’s payout ratio is 4.78%.
Hedge funds have recently bought and sold shares of the stock. Bartlett & Co. LLC acquired a new stake in Teck Resources during the 4th quarter worth $118,000. PNC Financial Services Group Inc. acquired a new stake in Teck Resources during the 2nd quarter worth $124,000. We Are One Seven LLC acquired a new stake in Teck Resources during the 4th quarter worth $162,000. C M Bidwell & Associates Ltd. acquired a new stake in Teck Resources during the 4th quarter worth $199,000. Finally, Private Advisor Group LLC acquired a new stake in Teck Resources during the 3rd quarter worth $200,000. Hedge funds and other institutional investors own 54.28% of the company’s stock.
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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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