Teck Resources (TECK) Downgraded by Clarkson Capital
TECK has been the topic of several other research reports. Scotiabank upgraded shares of Teck Resources from an outperform rating to a focus list rating in a report on Monday, January 8th. ValuEngine downgraded shares of Teck Resources from a strong-buy rating to a buy rating in a report on Wednesday, October 18th. MKM Partners restated a buy rating and set a $30.00 price objective on shares of Teck Resources in a report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Teck Resources from a buy rating to a hold rating in a report on Wednesday, November 8th. Finally, BMO Capital Markets increased their price target on shares of Teck Resources from $40.00 to $41.00 and gave the stock an outperform rating in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Teck Resources has a consensus rating of Buy and an average target price of $28.94.
Shares of Teck Resources (TECK) opened at $29.24 on Monday. The company has a market cap of $16,840.00, a PE ratio of 8.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Teck Resources has a 1 year low of $14.56 and a 1 year high of $30.79. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.32.
Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.09). Teck Resources had a net margin of 19.72% and a return on equity of 15.16%. equities research analysts predict that Teck Resources will post 3.62 EPS for the current year.
The firm also recently declared a special dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.3141 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a yield of 0.72%. Teck Resources’s dividend payout ratio (DPR) is presently 4.69%.
A number of institutional investors have recently added to or reduced their stakes in TECK. PNC Financial Services Group Inc. purchased a new stake in Teck Resources in the 2nd quarter worth approximately $124,000. Tower Research Capital LLC TRC purchased a new stake in Teck Resources in the 2nd quarter worth approximately $164,000. Investment Centers of America Inc. purchased a new stake in Teck Resources in the 2nd quarter worth approximately $194,000. Private Advisor Group LLC purchased a new stake in Teck Resources in the 3rd quarter worth approximately $200,000. Finally, Shelton Capital Management purchased a new stake in Teck Resources in the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 54.26% of the company’s stock.
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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