Teck Resources (NYSE:TECK) Earns Hold Rating from Analysts at Stifel Nicolaus

Investment analysts at Stifel Nicolaus started coverage on shares of Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a "hold" rating on the basic materials company's stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their price target on Teck Resources from $50.00 to $41.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. BMO Capital Markets started coverage on shares of Teck Resources in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. National Bank Financial upgraded shares of Teck Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Desjardins started coverage on shares of Teck Resources in a report on Friday, April 4th. They issued a "buy" rating on the stock. Finally, National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.63.

Teck Resources Trading Down 2.9%

Shares of TECK opened at $39.12 on Wednesday. Teck Resources has a 52-week low of $28.32 and a 52-week high of $54.13. The company has a quick ratio of 2.57, a current ratio of 3.36 and a debt-to-equity ratio of 0.15. The firm's fifty day moving average is $37.69 and its two-hundred day moving average is $38.87. The stock has a market cap of $18.90 billion, a PE ratio of 67.45, a price-to-earnings-growth ratio of 0.61 and a beta of 0.80.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.24 by $0.18. Teck Resources had a return on equity of 4.53% and a net margin of 3.48%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The company's quarterly revenue was up 41.4% compared to the same quarter last year. Research analysts forecast that Teck Resources will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Teck Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings in Teck Resources by 69.2% in the first quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 350 shares in the last quarter. Community Bank N.A. acquired a new position in Teck Resources in the fourth quarter valued at approximately $33,000. Costello Asset Management INC acquired a new position in Teck Resources in the first quarter valued at approximately $33,000. Banque Cantonale Vaudoise acquired a new position in Teck Resources in the first quarter valued at approximately $36,000. Finally, Golden State Wealth Management LLC boosted its holdings in Teck Resources by 7,560.0% in the first quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 1,134 shares in the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.

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