Teck Resources Ltd. (TCK) Trading Down 4.5%
Shares of Teck Resources Ltd. (NYSE:TCK) traded down 4.5% during trading on Friday . The stock traded as low as $15.58 and last traded at $15.68, with a volume of 3,907,093 shares changing hands. The stock had previously closed at $16.42.
Several analysts have recently commented on the stock. Deutsche Bank AG reaffirmed a “sell” rating on shares of Teck Resources in a research report on Thursday, July 7th. CIBC reaffirmed a “sector outperform” rating and set a $16.00 price target on shares of Teck Resources in a research report on Sunday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Teck Resources in a research report on Wednesday, June 8th. FBR & Co lifted their price target on shares of Teck Resources from $15.00 to $16.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 20th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $10.00 price target (up previously from $9.00) on shares of Teck Resources in a research report on Thursday, April 21st. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.94.
The company has a 50 day moving average price of $14.27 and a 200-day moving average price of $9.86. The stock’s market cap is $9.09 billion.
Teck Resources (NYSE:TCK) last released 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. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.33 billion. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, equities analysts forecast that Teck Resources Ltd. will post $0.38 EPS for the current fiscal year.
A hedge fund recently raised its stake in Teck Resources stock. BNP Paribas Arbitrage SA boosted its position in Teck Resources Ltd. (NYSE:TCK) by 40.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 450,765 shares of the company’s stock after buying an additional 130,631 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.08% of Teck Resources worth $1,740,000 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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