Teck Resources Ltd. (TCK) Hits New 1-Year High at $17.01
Teck Resources Ltd. (NYSE:TCK)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $17.01 and last traded at $16.53, with a volume of 4,512,379 shares changing hands. The stock had previously closed at $16.44.
Several equities analysts recently commented on TCK shares. FBR & Co reaffirmed 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 target price on the stock in a report on Thursday, April 28th. Raymond James Financial Inc. reissued a “market perform” rating and set a $21.00 price target (up previously from $19.00) on shares of Teck Resources in a research report on Thursday. Sanford C. Bernstein reissued a “sell” rating and set a $10.00 price target on shares of Teck Resources in a research report on Friday, August 19th. Finally, Royal Bank Of Canada cut shares of Teck Resources from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $16.00 to $23.00 in a research report on Friday, August 12th. Seven equities research 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. The stock has an average rating of “Hold” and an average target price of $13.84.
The company has a 50 day moving average price of $15.08 and a 200 day moving average price of $10.66. The company’s market capitalization is $9.43 billion.
Teck Resources (NYSE:TCK) last issued its earnings results on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.33 billion. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. Equities research analysts anticipate that Teck Resources Ltd. will post $0.39 EPS for the current fiscal year.
An institutional investor recently raised its position in Teck Resources stock. I.G. Investment Management LTD. increased its position in shares of Teck Resources Ltd. (NYSE:TCK) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.15% of Teck Resources worth $3,342,000 as of its most recent SEC filing.
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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