Teck Resources (NYSE: TECK) recently received a number of ratings updates from brokerages and research firms:

  • 11/1/2018 – Teck Resources was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/30/2018 – Teck Resources had its “buy” rating reaffirmed by analysts at CIBC.
  • 10/30/2018 – Teck Resources had its “buy” rating reaffirmed by analysts at Canaccord Genuity.
  • 10/30/2018 – Teck Resources had its “buy” rating reaffirmed by analysts at Scotiabank.
  • 10/28/2018 – Teck Resources had its “buy” rating reaffirmed by analysts at TD Securities.
  • 10/26/2018 – Teck Resources was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/19/2018 – Teck Resources had its “buy” rating reaffirmed by analysts at MKM Partners.
  • 10/15/2018 – Teck Resources was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating. They now have a $30.00 price target on the stock.
  • 10/10/2018 – Teck Resources is now covered by analysts at Barclays PLC. They set an “overweight” rating on the stock.
  • 10/7/2018 – Teck Resources had its “hold” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 10/7/2018 – Teck Resources had its “buy” rating reaffirmed by analysts at Raymond James.
  • 10/3/2018 – Teck Resources was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/22/2018 – Teck Resources was given a new $34.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.

Shares of TECK traded down $1.02 during trading hours on Tuesday, reaching $20.47. 254,687 shares of the company’s stock traded hands, compared to its average volume of 3,762,480. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 0.61 and a beta of 1.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.39 and a current ratio of 2.30. Teck Resources Ltd has a twelve month low of $18.17 and a twelve month high of $30.80.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its earnings results on Wednesday, October 24th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.11). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.40 billion. Teck Resources had a return on equity of 12.31% and a net margin of 27.35%. Analysts forecast that Teck Resources Ltd will post 3.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, December 13th. Teck Resources’s payout ratio is currently 4.37%.

A number of large investors have recently added to or reduced their stakes in TECK. Janney Montgomery Scott LLC boosted its position in shares of Teck Resources by 46.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,236 shares of the basic materials company’s stock valued at $362,000 after purchasing an additional 4,499 shares during the period. Aperio Group LLC boosted its position in Teck Resources by 3.0% during the 2nd quarter. Aperio Group LLC now owns 571,944 shares of the basic materials company’s stock worth $14,556,000 after acquiring an additional 16,659 shares during the period. Concourse Capital Management LLC acquired a new stake in Teck Resources during the 2nd quarter worth about $2,045,000. Regentatlantic Capital LLC acquired a new stake in Teck Resources during the 2nd quarter worth about $200,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Teck Resources by 9.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,014,108 shares of the basic materials company’s stock worth $51,314,000 after acquiring an additional 176,710 shares during the period. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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