Somewhat Positive Media Coverage Somewhat Unlikely to Affect Teck Resources (TECK) Share Price

Headlines about Teck Resources (NYSE:TECK) (TSE:TECK) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.2207229300296 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Shares of Teck Resources (NYSE TECK) opened at 22.18 on Friday. The company’s 50-day moving average price is $19.71 and its 200-day moving average price is $20.44. 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 $12.82 billion, a P/E ratio of 7.87 and a beta of 1.27.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Teck Resources had a net margin of 17.93% and a return on equity of 13.01%. The firm’s revenue was up 62.0% compared to the same quarter last year. On average, analysts predict that Teck Resources will post $3.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.0399 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 0.72%. Teck Resources’s payout ratio is 5.64%.

Several analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $38.00 target price (down previously from $39.00) on shares of Teck Resources in a report on Friday, June 16th. Deutsche Bank AG reiterated a “buy” rating and set a $23.00 target price (down previously from $24.00) on shares of Teck Resources in a report on Sunday, June 25th. Zacks Investment Research lowered Teck Resources from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Bank of America Corporation downgraded Teck Resources from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $27.00 to $19.00 in a research report on Friday, June 9th. Finally, Clarkson Capital reissued a “buy” rating on shares of Teck Resources in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the company. Teck Resources presently has a consensus rating of “Buy” and an average target price of $27.03.

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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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