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Teck Resources (TECK) Stock Price, News & Analysis

$47.20
+0.07 (+0.15%)
(As of 05:27 PM ET)
Today's Range
$47.04
$48.87
50-Day Range
$37.00
$49.38
52-Week Range
$34.38
$50.46
Volume
5.07 million shs
Average Volume
3.98 million shs
Market Capitalization
$24.09 billion
P/E Ratio
13.76
Dividend Yield
0.76%
Price Target
$44.56

Teck Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
5.5% Downside
$44.56 Price Target
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-9.56
Upright™ Environmental Score
News Sentiment
0.07mentions of Teck Resources in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-29.01%
From $3.55 to $2.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.17 out of 5 stars

Basic Materials Sector

117th out of 169 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

12th out of 18 stocks

TECK stock logo

About Teck Resources Stock (NYSE:TECK)

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. The company also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. The company was founded in 1913 and is headquartered in Vancouver, Canada.

TECK Stock Price History

TECK Stock News Headlines

AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
AI “wealth window” is closing soon!
Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.
TECK Jul 2024 50.000 call
TECK Mar 2024 36.500 put
TECK Mar 2024 45.000 call
TECK Jul 2024 46.000 put
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/17/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
12,600
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$44.56
High Stock Price Target
$63.00
Low Stock Price Target
$32.00
Potential Upside/Downside
-5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$1.78 billion
Pretax Margin
26.27%

Debt

Sales & Book Value

Annual Sales
$15.01 billion
Cash Flow
$6.52 per share
Book Value
$40.32 per share

Miscellaneous

Free Float
509,771,000
Market Cap
$24.06 billion
Optionable
Optionable
Beta
1.15

Social Links

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Key Executives

  • Mr. Jonathan H. Price M.B.A. (Age 47)
    President, CEO & Director
    Comp: $3.61M
  • Ms. Crystal J. Prystai
    Senior VP & CFO
  • Ms. Charlene A. Ripley (Age 60)
    Senior VP & General Counsel
    Comp: $1.02M
  • Mr. Nicholas Peter M. Hooper (Age 53)
    Senior Vice President of Corporate Development & Exploration
    Comp: $1.08M
  • Mr. Greg J. Brouwer
    Senior Vice President of Technical
  • Mr. Justin M. Webb
    VP & Chief Information Officer
  • Mr. H. Fraser Phillips
    Senior Vice President of Investor Relations & Strategic Analysis
  • Chris Stannell
    Public Relations Manager
  • Mr. Dean C. Winsor
    Senior VP & Chief Human Resources Officer
  • Mr. Réal Foley
    Senior Vice President

Should I Buy Teck Resources Stock? TECK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Teck Resources Limited:

  • Teck Resources Limited has a diversified portfolio of natural resources including copper, zinc, steelmaking coal, and blended bitumen, providing exposure to multiple sectors within the industry.
  • Recent increase in institutional investments in Teck Resources Limited, indicating confidence from large investors in the company's growth potential.
  • Teck Resources Limited has shown resilience in its stock price, trading at a 12-month high of $50.30, reflecting positive market sentiment.
  • The company's exploration for gold adds a potential high-value commodity to its product mix, diversifying its revenue streams.
  • Teck Resources Limited operates in multiple regions globally, reducing geographical risk and enhancing market stability.

Cons

Investors should be bearish about investing in Teck Resources Limited for these reasons:

  • Teck Resources Limited's stock price experienced a 1.6% decline recently, indicating short-term volatility in the market.
  • The company's debt-to-equity ratio of 0.21 may pose a risk in case of economic downturns or unfavorable market conditions.
  • Teck Resources Limited's price-to-earnings ratio of 14.16 and a P/E/G ratio of 6.02 may suggest the stock is currently overvalued compared to industry peers.
  • Market competition and fluctuations in commodity prices could impact Teck Resources Limited's profitability and stock performance.
  • Environmental regulations and sustainability concerns in the mining industry may pose challenges to Teck Resources Limited's operations and future growth prospects.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

TECK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TECK shares.
View TECK analyst ratings
or view top-rated stocks.

What is Teck Resources' stock price target for 2024?

8 brokers have issued twelve-month price targets for Teck Resources' shares. Their TECK share price targets range from $32.00 to $63.00. On average, they anticipate the company's share price to reach $44.56 in the next year. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for TECK
or view top-rated stocks among Wall Street analysts.

How have TECK shares performed in 2024?

Teck Resources' stock was trading at $42.27 at the beginning of 2024. Since then, TECK stock has increased by 11.5% and is now trading at $47.13.
View the best growth stocks for 2024 here
.

Are investors shorting Teck Resources?

Teck Resources saw a drop in short interest in March. As of March 15th, there was short interest totaling 4,760,000 shares, a drop of 43.0% from the February 29th total of 8,350,000 shares. Based on an average trading volume of 3,620,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.9% of the shares of the stock are sold short.
View Teck Resources' Short Interest
.

When is Teck Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our TECK earnings forecast
.

How can I listen to Teck Resources' earnings call?

Teck Resources will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Teck Resources' earnings last quarter?

Teck Resources Limited (NYSE:TECK) issued its quarterly earnings results on Thursday, February, 22nd. The basic materials company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The basic materials company earned $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. Teck Resources had a trailing twelve-month return on equity of 9.67% and a net margin of 16.21%.

How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?

Teck Resources announced a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.0925 per share on Thursday, March 28th. This represents a $0.37 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for TECK
.

Is Teck Resources a good dividend stock?

Teck Resources (NYSE:TECK) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.77%. The dividend payout ratio is 10.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 14.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

What other stocks do shareholders of Teck Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

Who are Teck Resources' major shareholders?

Teck Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Foundation Resource Management Inc. (0.20%), Douglas Lane & Associates LLC (0.15%), Addenda Capital Inc. (0.10%), AMF Tjanstepension AB (0.09%), Leibman Financial Services Inc. (0.02%) and Pacifica Partners Inc. (0.01%).

How do I buy shares of Teck Resources?

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TECK) was last updated on 4/17/2024 by MarketBeat.com Staff

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