Teck Resources Ltd (NYSE:TECK) (TSE:TECK)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday, April 18th.
A number of other equities analysts have also issued reports on the company. Berenberg Bank raised Teck Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, March 22nd. Deutsche Bank AG raised Teck Resources from a “hold” rating to a “buy” rating and increased their price target for the company from $24.00 to $25.00 in a research note on Tuesday, March 21st. Zacks Investment Research lowered Teck Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. BMO Capital Markets initiated coverage on Teck Resources in a research note on Thursday, February 2nd. They set an “outperform” rating for the company. Finally, FBR & Co raised Teck Resources from a “marketperform” rating to an “outperform” rating in a research note on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $26.50.
Shares of Teck Resources (NYSE:TECK) traded up 3.518% during mid-day trading on Tuesday, hitting $18.685. The company’s stock had a trading volume of 2,784,022 shares. The company has a market cap of $10.79 billion, a PE ratio of 9.798 and a beta of 1.50. The stock has a 50-day moving average of $20.84 and a 200-day moving average of $22.09. Teck Resources has a 12-month low of $9.20 and a 12-month high of $33.76.
Teck Resources (NYSE:TECK) last posted its earnings results on Tuesday, April 25th. The basic materials company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.04 by $0.16. Teck Resources had a negative net margin of 1.42% and a positive return on equity of 1.13%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $3.05 billion. The business’s quarterly revenue was up 70.4% on a year-over-year basis. On average, equities research analysts forecast that Teck Resources will post $3.44 EPS for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a $0.0741 dividend. This is an increase from Teck Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 13th. Teck Resources’s dividend payout ratio (DPR) is currently -53.33%.
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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