Teck Resources Stock Price, News & Analysis (NYSE:TECK)

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. 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.
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7 brokerages 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 anticipate the company's stock price to reach $41.92 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
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Teck Resources' stock was trading at $37.82 at the beginning of 2023. Since then, TECK stock has decreased by 2.9% and is now trading at $36.74.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our TECK earnings forecast.

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

Teck Resources declared a quarterly dividend on Thursday, November 16th. Stockholders of record on Friday, December 15th will be given a dividend of $0.125 per share on Friday, December 29th. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. 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.

Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 1.04%. 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 8.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

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).

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).

Teck Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders 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%).

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.
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