Teck Resources Ltd (NYSE:TECK) (TSE:TECK) announced a special dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.3141 per share by the basic materials company on Friday, December 29th. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, December 14th.
Teck Resources (TECK) traded up $0.15 on Wednesday, hitting $23.42. The stock had a trading volume of 3,166,900 shares, compared to its average volume of 5,010,479. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.42. Teck Resources has a twelve month low of $14.56 and a twelve month high of $26.45. The firm has a market capitalization of $13,275.53, a PE ratio of 6.32, a P/E/G ratio of 0.99 and a beta of 1.31.
Several brokerages recently issued reports on TECK. Deutsche Bank restated a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Teck Resources in a research report on Monday, September 25th. MKM Partners restated a “buy” rating and issued a $30.00 price target on shares of Teck Resources in a research report on Wednesday, September 20th. Bank of America boosted their price target on Teck Resources from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. BidaskClub cut Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Finally, ValuEngine cut Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.65.
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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