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TSE:TECK.B

Teck Resources (TECK.B) Stock Price, News & Analysis

C$65.63
+2.46 (+3.89%)
(As of 07/26/2024 ET)
Today's Range
C$63.54
C$67.04
50-Day Range
C$62.36
C$73.22
52-Week Range
C$47.47
C$74.37
Volume
1.50 million shs
Average Volume
1.08 million shs
Market Capitalization
C$33.56 billion
P/E Ratio
21.45
Dividend Yield
0.76%
Price Target
C$77.00

Teck Resources MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.3% Upside
C$77.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.54mentions of Teck Resources in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

1.08 out of 5 stars

TECK.B stock logo

About Teck Resources Stock (TSE:TECK.B)

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates. It also produces molybdenum, gold, silver, germanium, indium, mercury, and cadmium, as well as chemicals, industrial products, and fertilizers. In addition, the company holds interest in oil sands projects and other interests in the Athabasca region of Alberta; and owns interest in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. 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 1906 and is headquartered in Vancouver, Canada.

TECK.B Stock Price History

TECK.B Stock News Headlines

Stocks in play: Teck Resources Limited
Breaking News: Elon Musk Invents New Type of A.I. (Shocking)
Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.
Teck Resources (TSE:TECK.B) PT Raised to C$76.00
Teck Resources (TSE:TECK.B) PT Raised to C$86.00
Breaking News: Elon Musk Invents New Type of A.I. (Shocking)
Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.
TECK Apr 2024 52.000 call
TECK Apr 2024 50.000 put
TECK Mar 2024 43.500 put
See More Headlines
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Industry, Sector and Symbol

Industry
Industrial Metals & Minerals
Sub-Industry
N/A
Current Symbol
TSE:TECK.B
Previous Symbol
TSE:TECK-B
CIK
N/A
Fax
N/A
Employees
10,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$77.00
High Stock Price Target
C$88.00
Low Stock Price Target
C$59.00
Potential Upside/Downside
+16.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
C$1.61 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$15.21 billion
Cash Flow
C$6.75 per share
Book Value
C$50.55 per share

Miscellaneous

Free Float
N/A
Market Cap
C$33.92 billion
Optionable
Not Optionable
Beta
1.42
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Key Executives

  • Mr. Donald R. Lindsay B.Sc. Honours (Age 60)
    M.B.A, Pres, CEO & Director
  • Mr. Ronald A. Millos CA (Age 62)
    Sr. VP of Fin. & CFO
  • Mr. Peter C. Rozee
    Sr. VP of Commercial & Legal Affairs
  • Mr. Andrew J. Golding
    Sr. VP of Corp. Devel.
  • Ms. Marcia M. Smith
    Sr. VP of Sustainability & External Affairs

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

Pros

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

  • Teck Resources Ltd has recently announced a new strategic partnership that is expected to boost its revenue and market presence.
  • The company's latest financial report shows a significant increase in profits, indicating strong financial performance.
  • Teck Resources Ltd has successfully diversified its product portfolio, reducing dependency on a single market segment.
  • Recent market trends suggest a positive outlook for the mining industry, which could benefit Teck Resources Ltd.
  • The current stock price of Teck Resources Ltd is undervalued compared to its industry peers, presenting a potential buying opportunity for investors.

Cons

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

  • Despite recent improvements, Teck Resources Ltd still faces challenges in terms of environmental sustainability and regulatory compliance.
  • The company's heavy reliance on commodity prices makes it vulnerable to market fluctuations and economic downturns.
  • Teck Resources Ltd has a high debt-to-equity ratio, which could limit its financial flexibility and growth prospects.
  • Geopolitical risks in key operating regions could impact the company's operations and profitability.
  • Competitive pressures in the mining industry may pose challenges for Teck Resources Ltd in maintaining market share and pricing power.
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 Tuesday, July 23, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

TECK.B Stock Analysis - Frequently Asked Questions

How have TECK.B shares performed this year?

Teck Resources' stock was trading at C$56.01 at the start of the year. Since then, TECK.B shares have increased by 17.2% and is now trading at C$65.63.
View the best growth stocks for 2024 here
.

How do I buy shares of Teck Resources?

Shares of TECK.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TECK.B) was last updated on 7/26/2024 by MarketBeat.com Staff

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