Teck Resources Given Consensus Recommendation of “Hold” by Analysts (NYSE:TCK)
Teck Resources (NYSE:TCK) has been given an average rating of “Hold” by the twenty-two brokerages that are currently covering the company, American Banking and Market News reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.42.
A number of analysts have recently weighed in on TCK shares. Analysts at Goldman Sachs downgraded shares of Teck Resources from a “neutral” rating to a “sell” rating in a research note on Tuesday, August 12th. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Teck Resources in a research note on Friday, July 25th. They now have a C$33.00 price target on the stock, up previously from C$31.00. Finally, analysts at National Bank Financial downgraded shares of Teck Resources to an “underperform” rating in a research note on Tuesday, July 22nd.
Teck Resources (NYSE:TCK) opened at 22.99 on Monday. Teck Resources has a 52-week low of $19.99 and a 52-week high of $30.02. The stock has a 50-day moving average of $23.73 and a 200-day moving average of $22.80. The company has a market cap of $13.247 billion and a P/E ratio of 22.30. Teck Resources also saw some unusual options trading activity on Friday. Stock investors acquired 14,588 put options on the stock. This is an increase of 1,062% compared to the typical daily volume of 1,255 put options.
Teck Resources (NYSE:TCK) last announced its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $0.34 earnings per share. Teck Resources’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Teck Resources will post $0.86 EPS for the current fiscal year.
Teck Resources Limited (NYSE:TCK) is engaged in exploring for, developing and producing natural resources.
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