Teck Resources Ltd (TECK) Rating Reiterated by Clarkson Capital
Teck Resources Ltd (NYSE:TECK) (TSE:TECK)‘s stock had its “buy” rating reissued by Clarkson Capital in a note issued to investors on Friday.
TECK has been the topic of several other research reports. Zacks Investment Research lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. BMO Capital Markets started coverage on shares of Teck Resources in a research note on Thursday, February 2nd. They set an “outperform” rating on the stock. FBR & Co upgraded shares of Teck Resources from a “marketperform” rating to an “outperform” rating in a research note on Monday, January 23rd. Berenberg Bank upgraded shares of Teck Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, March 22nd. Finally, Deutsche Bank AG upgraded shares of Teck Resources from a “hold” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $25.00 in a research note on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.50.
Teck Resources (NYSE:TECK) traded down 1.60% during trading on Friday, hitting $18.44. The company had a trading volume of 1,706,772 shares. The company has a market cap of $10.65 billion, a PE ratio of 9.67 and a beta of 1.50. Teck Resources has a 12 month low of $9.20 and a 12 month high of $33.76. The company’s 50 day moving average price is $20.54 and its 200-day moving average price is $22.05.
Teck Resources (NYSE:TECK) last released its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.04 by $0.16. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $3.05 billion. Teck Resources had a positive return on equity of 1.13% and a negative net margin of 1.42%. The company’s revenue for the quarter was up 70.4% compared to the same quarter last year. Equities analysts expect that Teck Resources will post $3.44 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.0741 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This is a boost from Teck Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.72%. Teck Resources’s dividend payout ratio (DPR) is -53.33%.
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Teck Resources Company Profile
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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