Teck Resources (TECK) Getting Somewhat Favorable News Coverage, Report Shows
Headlines about Teck Resources (NYSE:TECK) (TSE:TECK) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teck Resources earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.913435326093 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Is Teck Resources (TECK) a Great Stock for Value Investors? – Nasdaq (nasdaq.com)
- Teck Resources Ltd (TECK) Rating Increased to Strong-Buy at BidaskClub (americanbankingnews.com)
- TSX hits 7-1/2 month high, Pretium Resources surges (brecorder.com)
- How the Analysts View Teck Resources, a Diversified Miner (finance.yahoo.com)
Shares of Teck Resources (NYSE:TECK) opened at 23.00 on Tuesday. The stock’s 50 day moving average price is $22.73 and its 200-day moving average price is $20.63. Teck Resources has a 12 month low of $14.56 and a 12 month high of $26.60. The firm has a market cap of $13.29 billion, a P/E ratio of 7.91 and a beta of 1.21.
Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Teck Resources had a net margin of 17.93% and a return on equity of 13.01%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.75 billion. The firm’s revenue was up 62.0% on a year-over-year basis. Equities research analysts anticipate that Teck Resources will post $3.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.0399 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. Teck Resources’s payout ratio is presently 3.01%.
Several research firms have recently commented on TECK. MKM Partners reaffirmed a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Teck Resources in a report on Thursday, August 24th. ValuEngine lowered Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered Teck Resources from a “buy” rating to a “hold” rating in a report on Friday, October 6th. BidaskClub raised Teck Resources from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Bank of America Corporation upped their target price on Teck Resources from $27.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.18.
About Teck Resources
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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