Teck Resources Ltd. (TCK) Shares Gap Up to $16.07
Teck Resources Ltd. (NYSE:TCK) gapped up before the market opened on Thursday . The stock had previously closed at $16.02, but opened at $16.07. Teck Resources shares last traded at $16.25, with a volume of 4,223,365 shares traded.
TCK has been the topic of several research analyst reports. FBR & Co reissued a “hold” rating on shares of Teck Resources in a research note on Monday, May 2nd. Zacks Investment Research raised Teck Resources from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, April 28th. Royal Bank Of Canada lowered Teck Resources from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $16.00 to $23.00 in a research note on Friday, August 12th. Raymond James Financial Inc. raised Teck Resources from an “underperform” rating to a “market perform” rating in a research note on Thursday, August 4th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Teck Resources in a research note on Tuesday, July 19th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Teck Resources presently has a consensus rating of “Hold” and a consensus target price of $13.35.
The firm has a 50 day moving average price of $14.77 and a 200 day moving average price of $10.22. The firm’s market capitalization is $9.51 billion.
Teck Resources (NYSE:TCK) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. During the same period in the prior year, the business posted $0.14 EPS. The firm earned $1.74 billion during the quarter, compared to analyst estimates of $1.33 billion. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Equities analysts anticipate that Teck Resources Ltd. will post $0.38 earnings per share for the current year.
A hedge fund recently raised its stake in Teck Resources stock. I.G. Investment Management LTD. boosted its position in Teck Resources Ltd. (NYSE:TCK) by 3.3% during the fourth quarter, according to its most recent Form 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 as of its most recent filing with the SEC.
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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