Teck Resources Ltd. (TCK) Shares Down 4.1%
Teck Resources Ltd. (NYSE:TCK) dropped 4.1% on Monday . The company traded as low as $15.15 and last traded at $15.28, with a volume of 4,083,307 shares changing hands. The stock had previously closed at $15.93.
TCK has been the subject of a number of research analyst reports. FBR & Co reissued a “hold” rating on shares of Teck Resources in a report on Monday, May 2nd. Zacks Investment Research raised shares of Teck Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, April 28th. RBC Capital Markets reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Teck Resources in a research note on Tuesday, July 19th. TheStreet reaffirmed a “sell” rating on shares of Teck Resources in a research note on Monday, May 30th. Finally, Clarkson Capital raised shares of Teck Resources from a “neutral” rating to a “buy” rating in a research note on Monday, July 18th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Teck Resources currently has an average rating of “Hold” and a consensus target price of $12.47.
The company’s market capitalization is $8.93 billion. The stock has a 50 day moving average price of $13.36 and a 200 day moving average price of $9.27.
Teck Resources (NYSE:TCK) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. During the same quarter last year, the firm earned $0.14 EPS. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Equities analysts forecast that Teck Resources Ltd. will post $0.30 EPS for the current fiscal year.
A hedge fund recently raised its stake in Teck Resources stock. BNP Paribas Arbitrage SA raised its stake in shares of Teck Resources Ltd. (NYSE:TCK) by 40.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 450,765 shares of the company’s stock after buying an additional 130,631 shares during the period. BNP Paribas Arbitrage SA owned about 0.08% of Teck Resources worth $1,740,000 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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