Somewhat Positive Media Coverage Somewhat Unlikely to Impact Teck Resources (NYSE:TECK) Stock Price
News coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.8523696635137 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Corporate Canada giants vie for Ottawa supercluster funds (theglobeandmail.com)
- Chaiken Money Flow For Teck Resources Ltd (TCKRF) Above Zero – FLBC News (flbcnews.com)
- IHS Markit Score upgrades Teck Resources Ltd to 76 out of 100, ranking positively in all three available IHS Markit categories. (finance.yahoo.com)
- Teck Resources Ltd (TCKRF) Moves Above Ichimoku Cloud – Evergreen Caller (evergreencaller.com)
- Teck Resources Ltd Cl A (TECK.A.TO) RMI Charging Higher Near-Term – ExpressNewsline (expressnewsline.com)
Shares of Teck Resources (NYSE TECK) traded down 1.98% during mid-day trading on Thursday, hitting $22.24. The stock had a trading volume of 3,490,787 shares. Teck Resources has a 12 month low of $14.56 and a 12 month high of $26.60. The firm has a market cap of $12.85 billion, a PE ratio of 7.89 and a beta of 1.27. The stock’s 50-day moving average is $19.53 and its 200 day moving average is $20.45.
Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.75 billion. Teck Resources had a net margin of 17.93% and a return on equity of 13.01%. The business’s revenue for the quarter was up 62.0% on a year-over-year basis. Equities research analysts predict that Teck Resources will post $3.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.0399 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. Teck Resources’s dividend payout ratio (DPR) is 5.64%.
Several research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $38.00 price objective (down previously from $39.00) on shares of Teck Resources in a research note on Friday, June 16th. Deutsche Bank AG reissued a “buy” rating and issued a $23.00 price objective (down previously from $24.00) on shares of Teck Resources in a research note on Sunday, June 25th. Zacks Investment Research cut Teck Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Bank of America Corporation cut Teck Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $27.00 to $19.00 in a research note on Friday, June 9th. Finally, Clarkson Capital reissued a “buy” rating on shares of Teck Resources in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Teck Resources currently has a consensus rating of “Buy” and an average price target of $27.03.
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About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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