NYSE:TECK

Teck Resources (TECK) Stock Forecast, Price & News

$42.00

-0.52 (-1.22%)

(As of 09/20/2023 ET)

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Today's Range: $41.91
▼
$43.15
50-Day Range: $37.25
▼
$44.43
52-Week Range: $28.41
▼
$49.34

Volume: 2.62 million shs
Average Volume: 2.57 million shs
Market Capitalization: $21.50 billion

P/E Ratio: 17.00
Dividend Yield: 0.88%
Price Target: $39.29

Teck Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 6.5% Downside
$39.29 Price Target
Short Interest: Healthy
1.88% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -9.56
Upright™ Environmental Score
News Sentiment: 0.42
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.81%
From $3.94 to $4.09 Per Share

Overall MarketRank^™

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

1.67 out of 5 stars

Basic Materials Sector

139th out of 169 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

13th out of 17 stocks

1.3

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.29, Teck Resources has a forecasted downside of 6.5% from its current price of $42.00.
Amount of Analyst Coverage
Teck Resources has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.88% of the float of Teck Resources has been sold short.
Short Interest Ratio / Days to Cover
Teck Resources has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teck Resources has recently decreased by 4.81%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Teck Resources has a dividend yield of 0.87%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Teck Resources is 14.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teck Resources will have a dividend payout ratio of 9.05% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teck Resources has received a -246.28% net impact score from Upright. The largest negative impact of Teck Resources in category "GHG emissions" seems to be driven mostly by its "Coke (from coal)", "Zinc", and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Teck Resources is -9.56.

2.5

News and Social Media Coverage

News Sentiment
Teck Resources has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Teck Resources this week, compared to 7 articles on an average week.
Search Interest
Only 10 people have searched for TECK on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
12 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teck Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Teck Resources is held by insiders.
Percentage Held by Institutions
59.23% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Teck Resources are expected to grow by 3.81% in the coming year, from $3.94 to $4.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 17.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 17.00, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 92.22.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Teck Resources (NYSE:TECK) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

TECK Stock News Headlines

September 20, 2023 | finance.yahoo.com

Copper Fox Provides Update on Schaft Creek Program

September 18, 2023 | americanbankingnews.com

Teck Resources Limited (NYSE:TECK) Given Consensus Recommendation of "Moderate Buy" by Analysts

September 21, 2023 | Wall Street Fundamentals (Ad)

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September 16, 2023 | msn.com

Teck Resources Continues To Benefit From Multi-Sided Growth, Revenue Diversity

September 16, 2023 | americanbankingnews.com

Teck Resources Sees Unusually High Options Volume (NYSE:TECK)

September 15, 2023 | americanbankingnews.com

Traders Buy Large Volume of Call Options on Teck Resources (NYSE:TECK)

September 14, 2023 | benzinga.com

Check Out What Whales Are Doing With TECK

September 14, 2023 | americanbankingnews.com

Teck Resources (NYSE:TECK) Coverage Initiated by Analysts at StockNews.com

September 21, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

September 14, 2023 | americanbankingnews.com

Teck Resources (NYSE:TECK) Now Covered by Analysts at StockNews.com

September 8, 2023 | theglobeandmail.com

The baptism of fire of Teck’s new boss, Jonathan Price, who wants to put Canada on the critical metals map

September 7, 2023 | financialpost.com

Major shareholder voted against Glencore's climate report, as miner eyes Teck's coal unit

September 5, 2023 | theglobeandmail.com

No quick end for the sale of Teck’s coal unit as mining giant weighs more bids than expected

September 1, 2023 | benzinga.com

Teck Resources Unusual Options Activity

August 30, 2023 | finance.yahoo.com

Nippon Steel expects Asia's steel margins to remain weak - executive

August 28, 2023 | msn.com

Canada Unearthed: Vancouver mega-miner Teck’s copper transformation is taking shape

August 27, 2023 | reuters.com

India's JSW Steel to pick up 20%-40% stake in Teck's coal unit, Bloomberg reports

August 25, 2023 | msn.com

JSW Steel to pick up 20%-40% stake in Teck's coal unit: Report

August 25, 2023 | uk.news.yahoo.com

India's JSW Steel to pick up 20%-40% stake in Teck's coal unit - Bloomberg

August 25, 2023 | finance.yahoo.com

American Eagle Gold receives another strategic investment from Teck Resources

August 25, 2023 | msn.com

India's JSW Steel set to acquire 20%-40% stake in Teck's coal unit - Bloomberg

August 25, 2023 | sg.finance.yahoo.com

India's JSW Steel to pick up 20%-40% stake in Teck's coal unit - report

August 17, 2023 | theglobeandmail.com

India’s JSW Steel reportedly considering 75% interest in Teck’s coal business

August 17, 2023 | msn.com

JSW may pick majority stake in Teck Coal unit

August 17, 2023 | finance.yahoo.com

India's JSW Steel considers 75% interest in Teck's coal business - Bloomberg

August 15, 2023 | juniorminingnetwork.com

Deep-South Resources Appoints Earthmaps Consulting for Target Generation on Luanshya West in Zambia

August 15, 2023 | finance.yahoo.com

Deep-South Appoints Earthmaps Consulting for Target Generation on Luanshya West in Zambia

See More Headlines

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TECK Company Calendar

Ex-Dividend for 6/30 Dividend: 6/14/2023
Dividend Payable: 6/30/2023
Last Earnings: 7/27/2023
Ex-Dividend for 9/29 Dividend: 9/14/2023
Today: 9/20/2023
Dividend Payable: 9/29/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:TECK
CUSIP: N/A
CIK: 886986
Web: www.teck.com
Phone: (604) 699-4000
Fax: 604-699-4750
Employees: 12,100
Year Founded: 1906

Price Target and Rating

Average Stock Price Forecast: $39.29
High Stock Price Forecast: $53.00
Low Stock Price Forecast: $32.00
Forecasted Upside/Downside: -6.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.47
Trailing P/E Ratio: 17.00
Forward P/E Ratio: 10.66
P/E Growth: N/A
Net Income: $2.55 billion
Net Margins: 11.39%
Pretax Margin: 26.53%
Return on Equity: 11.24%
Return on Assets: 5.78%

Debt

Debt-to-Equity Ratio: 0.22
Current Ratio: 1.29
Quick Ratio: 0.72

Sales & Book Value

Annual Sales: $14.70 billion
Price / Sales: 1.46
Cash Flow: $9.66 per share
Price / Cash Flow: 4.35
Book Value: $40.31 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 512,013,000
Free Float: 511,296,000
Market Cap: $21.50 billion
Optionable: Optionable
Beta: 1.10

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Key Executives

Mr. Jonathan H. Price M.B.A. (Age 46)
CEO & Director
Comp: $1.8M

Mr. Harry Milton Conger IV (Age 67)
Exec. VP, COO, Pres & Director
Comp: $1.63M

Ms. Crystal J. Prystai
Sr. VP, Corp. Controller & CFO

Mr. Nicholas Peter M. Hooper (Age 52)
Sr. VP of Corp. Devel. & Exploration
Comp: $1.15M

Mr. Greg J. Brouwer
Sr. VP of Technology & Innovation

Mr. Justin M. Webb
VP & Chief Information Officer

Mr. H. Fraser Phillips
Sr. VP of Investor Relations & Strategic Analysis

Ms. Charlene A. Ripley (Age 59)
Sr. VP & Gen. Counsel

Chris Stannell
PR Mang.

Mr. Dean C. Winsor
Sr. VP & Chief HR Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TECK Stock - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 12 Wall Street analysts have issued 12 month price objectives for Teck Resources' shares. Their TECK share price forecasts range from $32.00 to $53.00. On average, they predict the company's stock price to reach $39.29 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
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 11.1% and is now trading at $42.00.
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 Thursday, October 26th 2023.
View our TECK earnings forecast.
How were Teck Resources' earnings last quarter?: Teck Resources Limited (NYSE:TECK) released its quarterly earnings results on Thursday, July, 27th. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.97 by $0.06. The basic materials company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.77 billion. Teck Resources had a net margin of 11.39% and a trailing twelve-month return on equity of 11.24%.
How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?: Teck Resources announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, September 15th will be given a dividend of $0.094 per share on Friday, September 29th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for TECK.
What ETFs hold Teck Resources' stock?: ETFs with the largest weight of Teck Resources (NYSE:TECK) stock in their portfolio include VanEck Green Metals ETF (GMET), Global X Copper Miners ETF (COPX), Optica Rare Earths & Critical Materials ETF (CRIT), Davis Select International ETF (DINT), Davis Select Worldwide ETF (DWLD), KraneShares Global Carbon Transformation ETF (KGHG), Davis Select U.S. Equity ETF (DUSA) and WealthTrust DBS Long Term Growth ETF (WLTG).
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 0.87%. The dividend payout ratio is 14.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 9.05% 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).
What is Teck Resources' stock symbol?: Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."
Who are Teck Resources' major shareholders?: Teck Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Soroban Capital Partners LP (1.97%), Egerton Capital UK LLP (1.39%), Boston Partners (1.34%), Dimensional Fund Advisors LP (1.32%), CIBC Asset Management Inc (1.19%) and Bank of Montreal Can (0.99%).
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.
What is Teck Resources' stock price today?: One share of TECK stock can currently be purchased for approximately $42.00.
How much money does Teck Resources make?: Teck Resources (NYSE:TECK) has a market capitalization of $21.50 billion and generates $13.32 billion in revenue each year. The basic materials company earns $2.55 billion in net income (profit) each year or $2.47 on an earnings per share basis.
How many employees does Teck Resources have?: The company employs 12,100 workers across the globe.
How can I contact Teck Resources?: Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.

This page (NYSE:TECK) was last updated on 9/21/2023 by MarketBeat.com Staff

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