Teck Resources Ltd. (TCK) Sets New 1-Year High at $16.94
Teck Resources Ltd. (NYSE:TCK)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $16.94 and last traded at $16.62, with a volume of 4,367,302 shares. The stock had previously closed at $15.90.
Several equities analysts have weighed in on TCK shares. Zacks Investment Research downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Goldman Sachs Group Inc. downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Monday, August 1st. Barclays PLC reaffirmed an “underweight” rating on shares of Teck Resources in a report on Wednesday, August 3rd. Raymond James Financial Inc. raised shares of Teck Resources from an “underperform” rating to a “market perform” rating in a report on Thursday. Finally, Deutsche Bank AG lifted their price target on shares of Teck Resources from $10.00 to $11.50 and gave the company a “sell” rating in a report on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Teck Resources presently has a consensus rating of “Hold” and a consensus target price of $12.47.
The stock’s 50 day moving average price is $13.73 and its 200 day moving average price is $9.41. The company’s market capitalization is $9.59 billion.
Teck Resources (NYSE:TCK) last announced its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $0.14 EPS. The company’s quarterly revenue was down 13.0% on a year-over-year basis. On average, equities research analysts predict that Teck Resources Ltd. will post $0.35 EPS for the current fiscal year.
A hedge fund recently raised its stake in Teck Resources stock. I.G. Investment Management LTD. raised its position in shares of Teck Resources Ltd. (NYSE:TCK) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 865,420 shares of the company’s stock after buying an additional 27,400 shares during the period. I.G. Investment Management LTD. owned 0.15% of Teck Resources worth $3,342,000 at the end of the most recent quarter.
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.
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