Teck Resources (TECK) Receives Daily Media Impact Rating of 0.07
News stories about Teck Resources (NYSE:TECK) (TSE:TECK) have trended somewhat positive on Sunday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teck Resources earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.7784002878513 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Northport residents renew calls for air monitoring after state modeling says a Canadian smelter is polluting their town – The Spokesman-Review (spokesman.com)
- Teck Releases Climate Action & Portfolio Resilience Report (finance.yahoo.com)
- BC’s Llamazoo Interactive builds mines digitally before ground is ever broken – Business in Vancouver (biv.com)
- Explorex Adds Senior Mining and Processing Expertise to Advisory Board – Junior Mining Network (juniorminingnetwork.com)
- Technical Indicators in Focus – Teck Resources Limited (NYSE: TECK) – Stocks Pen (stockspen.com)
Several analysts have recently commented on TECK shares. Zacks Investment Research downgraded Teck Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Morgan Stanley increased their price objective on Teck Resources from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. ValuEngine raised Teck Resources from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America set a $36.00 price objective on Teck Resources and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Citigroup downgraded Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Teck Resources has an average rating of “Buy” and an average target price of $30.06.
Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.06). The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Teck Resources had a net margin of 20.83% and a return on equity of 13.69%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 earnings per share. sell-side analysts anticipate that Teck Resources will post 3.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.04 dividend. 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 0.58%. The ex-dividend date of this dividend is Wednesday, March 14th. Teck Resources’s dividend payout ratio (DPR) is currently 4.85%.
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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