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Teck Resources (TECK) Stock Price, News & Analysis

$37.85
-0.88 (-2.27%)
(As of 04:10 PM ET)
Compare
Today's Range
$37.47
$38.21
50-Day Range
$34.45
$41.59
52-Week Range
$32.48
$49.34
Volume
2.92 million shs
Average Volume
4.05 million shs
Market Capitalization
$19.39 billion
P/E Ratio
12.05
Dividend Yield
0.98%
Price Target
$41.77

Teck Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
10.4% Upside
$41.77 Price Target
Short Interest
Healthy
2.42% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-9.56
Upright™ Environmental Score
News Sentiment
0.16mentions of Teck Resources in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.78%
From $3.79 to $4.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Basic Materials Sector

95th out of 169 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th 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. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company's principal products include copper, zinc, steelmaking coal, and blended bitumen. It also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, the company explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

TECK Stock Price History

TECK Stock News Headlines

Teck Resources (NYSE:TECK) Now Covered by Analysts at StockNews.com
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StockNews.com Initiates Coverage on Teck Resources (NYSE:TECK)
Teck Resources: $10 Billion Windfall, My Bullish Outlook
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
10/24/2023
Today
12/11/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
12,100
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$41.77
High Stock Price Target
$63.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$2.55 billion
Pretax Margin
33.58%

Debt

Sales & Book Value

Annual Sales
$13.32 billion
Cash Flow
$9.78 per share
Book Value
$40.31 per share

Miscellaneous

Free Float
511,600,000
Market Cap
$19.49 billion
Optionable
Optionable
Beta
1.05

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Key Executives

  • Mr. Jonathan H. Price M.B.A. (Age 47)
    President, CEO & Director
    Comp: $1.81M
  • Ms. Crystal J. Prystai
    Senior VP, Corporate Controller & CFO
  • Mr. Nicholas Peter M. Hooper (Age 52)
    Senior Vice President of Corporate Development & Exploration
    Comp: $1.15M
  • 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
  • Ms. Charlene A. Ripley (Age 59)
    Senior VP & General Counsel
  • Chris Stannell
    Public Relations Manager
  • Mr. Dean C. Winsor
    Senior VP & Chief Human Resources Officer
  • Mr. Alexander Nicholas Christopher B.Sc (Hons) (Age 57)
    B.Sc., P.Geo (BC), P.Geo., Senior Vice President

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Teck Resources was last updated on Tuesday, November 28, 2023 at 10:27 PM.

Pros

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

  • Teck Resources Limited has recently announced a significant increase in its production capacity, which is expected to drive revenue growth.
  • The company has successfully implemented cost-saving measures, resulting in improved profitability.
  • Teck Resources Limited has a strong balance sheet and a favorable debt-to-equity ratio, indicating financial stability.
  • The company has a diversified portfolio of commodities, reducing the risk associated with relying on a single product.
  • Teck Resources Limited has a history of paying dividends to its shareholders, providing a potential source of income.

Cons

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

  • The recent decline in commodity prices may negatively impact the company's profitability.
  • Teck Resources Limited operates in a highly cyclical industry, making it susceptible to economic downturns.
  • The company faces regulatory and environmental risks, which could result in increased costs and operational challenges.
  • Teck Resources Limited has a significant exposure to foreign markets, making it vulnerable to currency fluctuations and geopolitical uncertainties.
  • The stock price of Teck Resources Limited has been volatile in recent periods, which may deter risk-averse investors.














TECK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street 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?

7 analysts have issued 1 year price objectives for Teck Resources' shares. Their TECK share price targets range from $32.00 to $63.00. On average, they expect the company's share price to reach $41.77 in the next year. This suggests a possible upside of 10.4% from the stock's current price.
View analysts price targets for TECK
or view top-rated stocks among Wall Street analysts.

How have TECK shares performed in 2023?

Teck Resources' stock was trading at $37.82 at the beginning of the year. Since then, TECK shares have increased by 0.1% and is now trading at $37.85.
View the best growth stocks for 2023 here
.

When is Teck Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our TECK earnings forecast
.

How were Teck Resources' earnings last quarter?

Teck Resources Limited (NYSE:TECK) posted its earnings results on Tuesday, October, 24th. The basic materials company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by $0.20. The basic materials company earned $2.68 billion during the quarter, compared to the consensus estimate of $2.77 billion. Teck Resources had a net margin of 15.78% and a trailing twelve-month return on equity of 9.11%.

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

Teck Resources declared a quarterly dividend on Thursday, November 16th. Investors of record on Friday, December 15th will be paid a dividend of $0.125 per share on Friday, December 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for TECK
.

Is Teck Resources a good dividend stock?

Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 0.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 8.51% 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 investors include Royal Bank of Canada (3.67%), Davis Selected Advisers (2.51%), Boston Partners (1.65%), CIBC Asset Management Inc (1.21%), Mackenzie Financial Corp (0.89%) and Bank of Nova Scotia (0.78%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:TECK) was last updated on 12/11/2023 by MarketBeat.com Staff

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