Teck Resources (NYSE:TECK) (TSE:TECK) had its price objective boosted by investment analysts at Raymond James from C$44.00 to C$50.00 in a research note issued on Tuesday, The Fly reports.
A number of other equities research analysts have also recently commented on the company. CIBC raised their price target on Teck Resources from C$34.00 to C$35.50 and gave the company a "neutral" rating in a report on Wednesday, September 22nd. Zacks Investment Research lowered Teck Resources from a "buy" rating to a "hold" rating and set a $29.00 price objective for the company. in a research report on Tuesday, November 9th. TheStreet upgraded Teck Resources from a "d+" rating to a "c-" rating in a research report on Thursday, October 14th. raised their price objective on Teck Resources from C$28.00 to C$31.00 and gave the company a "hold" rating in a research report on Wednesday, September 22nd. Finally, Morgan Stanley lifted their price target on Teck Resources from $29.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, December 9th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Teck Resources presently has an average rating of "Buy" and a consensus target price of $39.45.
Teck Resources stock traded up $0.11 during trading on Tuesday, reaching $34.09. The company had a trading volume of 227,423 shares, compared to its average volume of 4,511,240. Teck Resources has a 52 week low of $17.31 and a 52 week high of $34.78. The firm's 50-day simple moving average is $28.22 and its 200 day simple moving average is $25.70. The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The company has a current ratio of 1.41, a quick ratio of 0.73 and a debt-to-equity ratio of 0.32.
Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings results on Wednesday, October 27th. The basic materials company reported $1.88 EPS for the quarter, beating the Zacks' consensus estimate of $1.48 by $0.40. The business had revenue of $3.97 billion for the quarter, compared to analysts' expectations of $3.63 billion. Teck Resources had a return on equity of 9.13% and a net margin of 8.08%. The business's quarterly revenue was up 73.3% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. On average, analysts predict that Teck Resources will post 4.48 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. Pacifica Partners Inc. boosted its holdings in Teck Resources by 1.8% in the fourth quarter. Pacifica Partners Inc. now owns 29,149 shares of the basic materials company's stock valued at $885,000 after purchasing an additional 510 shares during the last quarter. O Brien Greene & Co. Inc raised its position in shares of Teck Resources by 2.7% in the third quarter. O Brien Greene & Co. Inc now owns 21,300 shares of the basic materials company's stock worth $531,000 after acquiring an additional 550 shares during the period. Alliancebernstein L.P. raised its position in shares of Teck Resources by 1.9% in the third quarter. Alliancebernstein L.P. now owns 44,502 shares of the basic materials company's stock worth $1,109,000 after acquiring an additional 826 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Teck Resources by 3.8% in the third quarter. Advisor Group Holdings Inc. now owns 26,234 shares of the basic materials company's stock worth $653,000 after acquiring an additional 966 shares during the period. Finally, Laurel Wealth Advisors Inc. raised its position in shares of Teck Resources by 8.3% in the third quarter. Laurel Wealth Advisors Inc. now owns 13,100 shares of the basic materials company's stock worth $326,000 after acquiring an additional 1,000 shares during the period. 48.71% of the stock is currently owned by institutional investors.
Teck Resources Company Profile
Teck Resources Ltd. is a resource company, which engages in mining and development of mineral properties. It organized into business units focused on steelmaking coal, copper, zinc, and energy. The firm also offers lead, silver, molybdenum and various specialty and other metals, chemicals and fertilizers.
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