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Teck Resources (TSE:TECK.A) Stock Price Up 2.8% - Time to Buy?

Teck Resources logo with Basic Materials background

Key Points

  • Teck Resources stock price increased by 2.8%, reaching C$49.13, with a trading volume that was 42% higher than its average.
  • The company announced a quarterly dividend of $0.125 per share, with an expected yield of 1.0% and a payout ratio of 86.21%.
  • Teck Resources operates as a diversified miner, primarily focusing on metallurgical coal and ranking as the world's second-largest exporter of it, while also being a major player in copper and zinc.
  • MarketBeat previews top five stocks to own in November.

Teck Resources Limited (TSE:TECK.A - Get Free Report)'s stock price shot up 2.8% during trading on Tuesday . The stock traded as high as C$49.13 and last traded at C$49.13. 2,819 shares were traded during trading, an increase of 42% from the average session volume of 1,985 shares. The stock had previously closed at C$47.79.

Teck Resources Price Performance

The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company has a market capitalization of C$28.53 billion, a PE ratio of 100.62 and a beta of 1.58. The company's 50-day simple moving average is C$48.75 and its 200-day simple moving average is C$51.14.

Teck Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be paid a $0.125 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 0.9%. Teck Resources's payout ratio is currently 86.21%.

About Teck Resources

(Get Free Report)

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.

Further Reading

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