Teck Resources Limited (NYSE:TECK – Get Free Report) (TSE:TECK) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $65.29.
Several equities analysts recently weighed in on the company. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Friday, October 25th. Scotiabank raised their price target on Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. dropped their price target on Teck Resources from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Citigroup raised Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd.
View Our Latest Stock Analysis on TECK
Institutional Investors Weigh In On Teck Resources
Teck Resources Stock Performance
NYSE TECK opened at $44.09 on Wednesday. Teck Resources has a 1-year low of $36.50 and a 1-year high of $55.13. The company has a market capitalization of $22.59 billion, a P/E ratio of 66.80 and a beta of 1.03. The business has a 50 day moving average price of $47.57 and a 200 day moving average price of $47.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35.
Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.24. Teck Resources had a return on equity of 6.37% and a net margin of 3.32%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $0.57 EPS. Teck Resources’s quarterly revenue was down 20.6% on a year-over-year basis. Sell-side analysts expect that Teck Resources will post 1.81 EPS for the current fiscal year.
Teck Resources Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.0895 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, December 13th. Teck Resources’s dividend payout ratio (DPR) is 56.06%.
Teck Resources Company Profile
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.
Recommended Stories
- Five stocks we like better than Teck Resources
- What is a Dividend King?
- Dave & Buster’s: Is It Time to Make Another Play on This Stock?
- How to Start Investing in Real Estate
- Why Hershey Stock Has More Room to Run Despite Takeover Rejection
- Best Stocks Under $5.00
- Texas Instruments: The Old-School Tech Titan Still Delivering
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.