Teck Resources (TSE:TECK.A) Stock Price Up 2.8% - Here's Why

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.

Teck Resources Limited (TSE:TECK.A - )'s stock price rose 2.8% during trading on Tuesday . The stock traded as high as C$49.13 and last traded at C$49.13. Approximately 2,819 shares traded hands during trading, an increase of 42% from the average daily 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 current ratio of 1.48 and a quick ratio of 0.97. The firm has a market cap of C$24.02 billion, a P/E ratio of 84.71 and a beta of 1.58. The firm's 50 day moving average is C$48.75 and its 200 day moving average is C$51.15.

Teck Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. Teck Resources's dividend payout ratio is 86.21%.

About Teck Resources

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.

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