Teck Resources Receives Average Recommendation of “Hold” from Brokerages (NYSE:TCK)
Shares of Teck Resources (NYSE:TCK) have received a consensus recommendation of “Hold” from the twenty-nine analysts that are currently covering the company, Stock Ratings News reports. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.44.
Teck Resources (NYSE:TCK) opened at 22.47 on Friday. Teck Resources has a one year low of $19.98 and a one year high of $30.02. The stock’s 50-day moving average is $21.77 and its 200-day moving average is $24.21. The company has a market cap of $12.949 billion and a P/E ratio of 20.12.
Teck Resources (NYSE:TCK) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.06. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.10 billion. Analysts expect that Teck Resources will post $0.99 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Wednesday, July 2nd. Shareholders of record on Monday, June 16th will be given a dividend of $0.4089 per share. This represents a yield of 3.65%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of research firms have recently commented on TCK. Analysts at Paradigm Capital cut their price target on shares of Teck Resources from $42.50 to $40.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Teck Resources in a research note on Wednesday. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Teck Resources in a research note on Wednesday, April 16th. They now have a $25.00 price target on the stock.
Teck Resources Limited (NYSE:TCK) is engaged in exploring for, developing and producing natural resources.
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