News headlines about Teck Resources (NYSE:TECK) (TSE:TECK) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing 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 closest to one being the most favorable. Teck Resources earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.2207229300296 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Is a Near-Term Bullish Trend Developing for Teck Resources Ltd Cl B (TECK.B.TO)? – Evergreen Caller (evergreencaller.com)
- BC wildfires cause closures, disruptions in the province’s resource industry – Financial Post (business.financialpost.com)
- Teck Resources’ Valuation: Mouthwatering or a Value Trap? (finance.yahoo.com)
- Teck Resources Ltd. – Value Analysis (NYSE:TECK) : July 10, 2017 (finance.yahoo.com)
TECK has been the topic of several recent analyst reports. Deutsche Bank AG upgraded shares of Teck Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from $24.00 to $25.00 in a report on Tuesday, March 21st. Berenberg Bank upgraded shares of Teck Resources from a “hold” rating to a “buy” rating in a report on Wednesday, March 22nd. Credit Suisse Group restated an “outperform” rating on shares of Teck Resources in a report on Tuesday, April 18th. Clarkson Capital restated a “buy” rating on shares of Teck Resources in a report on Friday, May 19th. Finally, J P Morgan Chase & Co upgraded shares of Teck Resources from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $25.89.
Shares of Teck Resources (TECK) traded up 0.31% during trading on Monday, reaching $19.36. The company’s stock had a trading volume of 3,425,086 shares. The stock has a market capitalization of $11.18 billion, a PE ratio of 9.69 and a beta of 1.22. Teck Resources has a 12-month low of $12.61 and a 12-month high of $33.76. The firm’s 50-day moving average is $17.51 and its 200-day moving average is $20.79.
Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by $0.16. Teck Resources had a return on equity of 10.02% and a net margin of 14.37%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $3.05 billion. The business’s revenue for the quarter was up 70.4% compared to the same quarter last year. Equities analysts expect that Teck Resources will post $3.08 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were paid a $0.0741 dividend. This represents a dividend yield of 0.72%. This is a boost from Teck Resources’s previous semiannual dividend of $0.04. The ex-dividend date was Tuesday, June 13th. Teck Resources’s dividend payout ratio (DPR) is presently 7.69%.
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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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