Teck Resources (TSE:TECK.A) Shares Up 11.3% - What's Next?

Key Points

• Teck Resources' share price surged by 11.3% during mid-day trading, reaching C$54.66, up from a previous close of C$49.13, with a significant increase in trading volume.
• The company announced a $0.125 quarterly dividend that will be paid to shareholders of record on September 29th, representing an annual yield of 0.9%.
• With a market cap of C$27.23 billion, Teck is a key player in the mining sector, notably as the world's second-largest exporter of seaborne metallurgical coal.

Teck Resources Limited (TSE:TECK.A - Get Free Report) shares rose 11.3% during mid-day trading on Tuesday . The stock traded as high as C$57.49 and last traded at C$54.66. 7,750 shares changed hands during trading, an increase of 286% from the average daily volume of 2,006 shares. The stock had previously closed at C$49.13.

Teck Resources Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The firm has a 50-day moving average price of C$48.75 and a two-hundred day moving average price of C$51.20. The firm has a market cap of C$28.53 billion, a PE ratio of 100.62 and a beta of 1.58.

Teck Resources Dividend Announcement

The business 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 dividend of $0.125 per share. The ex-dividend date of this dividend 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 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.