Teck Resources (TSE:TECK.A) Trading 13.4% Higher - Should You Buy?

Key Points

• Teck Resources' shares surged by 13.4% during mid-day trading, reaching a high of C$57.49 before closing at C$55.70.
• The company recently announced a quarterly dividend of $0.125 per share, with a dividend yield of 0.9% and a payout ratio of 86.21%.
• Teck Resources is a diversified miner focusing on coal, copper, zinc, and oil sands, and is the world's second-largest exporter of seaborne metallurgical coal.

Teck Resources Limited (TSE:TECK.A - Get Free Report) shares traded up 13.4% during mid-day trading on Tuesday . The stock traded as high as C$57.49 and last traded at C$55.70. 10,697 shares were traded during mid-day trading, an increase of 426% from the average session volume of 2,033 shares. The stock had previously closed at C$49.13.

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 50-day moving average of C$48.75 and a 200-day moving average of C$51.14. The firm has a market capitalization of C$28.53 billion, a price-to-earnings ratio of 100.62 and a beta of 1.58.

Teck Resources Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.9%. Teck Resources's payout ratio is presently 86.21%.

Teck Resources Company Profile

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.