Teck Resources Ltd. (TCK) Stock Price Up 1.8%
Shares of Teck Resources Ltd. (NYSE:TCK) rose 1.8% on Tuesday . The company traded as high as $16.45 and last traded at $16.44, with a volume of 4,445,710 shares changing hands. The stock had previously closed at $16.15.
TCK has been the subject of a number of recent research reports. CIBC restated a “sector outperform” rating and issued a $16.00 price objective on shares of Teck Resources in a report on Sunday, April 24th. Clarkson Capital upgraded Teck Resources from a “neutral” rating to a “buy” rating in a report on Monday, July 18th. Deutsche Bank AG restated a “sell” rating on shares of Teck Resources in a report on Thursday, July 7th. FBR & Co downgraded Teck Resources from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $15.00 to $10.00 in a report on Thursday, April 21st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Teck Resources in a report on Wednesday, June 8th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.35.
The stock’s market cap is $9.38 billion. The company has a 50-day moving average of $14.54 and a 200-day moving average of $10.13.
Teck Resources (NYSE:TCK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. During the same period last year, the company posted $0.14 earnings per share. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.33 billion. The business’s revenue was down 13.0% on a year-over-year basis. Equities analysts forecast that Teck Resources Ltd. will post $0.38 earnings per share for the current year.
Several institutional investors recently made changes to their positions in TCK. I.G. Investment Management LTD. boosted its position in shares of Teck Resources by 3.3% in the fourth quarter. I.G. Investment Management LTD. now owns 865,420 shares of the company’s stock valued at $3,342,000 after buying an additional 27,400 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Teck Resources by 40.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 450,765 shares of the company’s stock valued at $1,740,000 after buying an additional 130,631 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Teck Resources by 675.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,585,114 shares of the company’s stock valued at $9,938,000 after buying an additional 2,251,751 shares in the last 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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