News articles about Teck Resources (NYSE:TECK) (TSE:TECK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teck Resources earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 47.4394785865006 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Zacks: Analysts Anticipate Teck Resources (TECK) Will Post Quarterly Sales of $2.32 Billion (americanbankingnews.com)
- Tempering the Storm? What’s Happening With Teck Resources Ltd (TECK) (parkcitycaller.com)
- Nutrien sells stake in Chilean lithium producer for US$4.1-billion (theglobeandmail.com)
- Rebranded Canada Zinc Metals now ZincX (miningnewsnorth.com)
- Zacks: Brokerages Anticipate Teck Resources (TECK) Will Announce Earnings of $0.85 Per Share (americanbankingnews.com)
TECK has been the subject of a number of research reports. Zacks Investment Research upgraded Teck Resources from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, January 31st. Bank of America set a $36.00 price target on Teck Resources and gave the company a “buy” rating in a research note on Friday, February 9th. ValuEngine upgraded Teck Resources from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Macquarie cut Teck Resources from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Finally, Morgan Stanley increased their price objective on Teck Resources from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $31.05.
Teck Resources traded up $0.14, reaching $28.37, on Monday, according to Marketbeat Ratings. The company had a trading volume of 1,160,653 shares, compared to its average volume of 3,420,523. The company has a quick ratio of 1.38, a current ratio of 2.14 and a debt-to-equity ratio of 0.31. Teck Resources has a fifty-two week low of $14.56 and a fifty-two week high of $30.80. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.73 and a beta of 1.52.
Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Tuesday, April 24th. The basic materials company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.04). Teck Resources had a return on equity of 13.66% and a net margin of 22.03%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. research analysts expect that Teck Resources will post 3.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.039 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.55%. Teck Resources’s payout ratio is currently 4.66%.
About Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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