Teck Resources (TECK) – Analysts’ Weekly Ratings Changes

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

  • 3/9/2018 – Teck Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada. “
  • 3/7/2018 – Teck Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada. “
  • 3/2/2018 – Teck Resources is now covered by analysts at Seaport Global Securities. They set a “hold” rating on the stock.
  • 3/2/2018 – Teck Resources was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 2/28/2018 – Teck Resources had its price target raised by analysts at Morgan Stanley from $23.00 to $25.00. They now have an “equal weight” rating on the stock.
  • 2/20/2018 – Teck Resources was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/20/2018 – Teck Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada. “
  • 2/20/2018 – Teck Resources was downgraded by analysts at Bank of America Corp to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/13/2018 – Teck Resources was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 2/9/2018 – Teck Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada. “
  • 2/9/2018 – Teck Resources was given a new $36.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 2/6/2018 – Teck Resources was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada. “
  • 1/31/2018 – Teck Resources was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada. “

Shares of Teck Resources stock traded down $0.88 on Monday, reaching $26.48. The company had a trading volume of 2,957,575 shares, compared to its average volume of 3,950,171. The company has a market capitalization of $15,477.55, a P/E ratio of 8.02, a PEG ratio of 0.75 and a beta of 1.37. Teck Resources Ltd has a 12 month low of $14.56 and a 12 month high of $30.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.81.

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Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.06). The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.28 billion. Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 earnings per share. sell-side analysts anticipate that Teck Resources Ltd will post 3.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.04 dividend. The ex-dividend date is Wednesday, March 14th. This is an increase from Teck Resources’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. Teck Resources’s dividend payout ratio (DPR) is currently 4.85%.

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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