Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Analysts at B. Riley issued their FY2020 earnings per share (EPS) estimates for shares of Teck Resources in a research report issued to clients and investors on Thursday, August 22nd, according to Zacks Investment Research. B. Riley analyst L. Pipes anticipates that the basic materials company will earn $2.17 per share for the year. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Teck Resources’ FY2021 earnings at $2.51 EPS and FY2022 earnings at $2.73 EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Saturday, July 13th. TD Securities cut shares of Teck Resources to a “buy” rating in a report on Monday, July 22nd. Macquarie assumed coverage on shares of Teck Resources in a report on Wednesday, July 10th. They issued a “neutral” rating on the stock. Finally, ValuEngine cut shares of Teck Resources from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.33.
Shares of NYSE:TECK opened at $16.83 on Monday. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 5.36 and a beta of 1.48. Teck Resources has a 1-year low of $16.18 and a 1-year high of $25.82. The company’s fifty day moving average is $18.57 and its two-hundred day moving average is $21.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.58 and a current ratio of 2.47.
Teck Resources (NYSE:TECK) (TSE:TECK) last issued its earnings results on Thursday, July 25th. The basic materials company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.04). The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.24 billion. Teck Resources had a return on equity of 8.49% and a net margin of 20.37%. During the same period last year, the company posted $1.12 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Teck Resources by 2.7% during the second quarter. Vanguard Group Inc. now owns 14,611,874 shares of the basic materials company’s stock valued at $336,950,000 after purchasing an additional 388,362 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Teck Resources by 1.6% during the second quarter. CIBC Asset Management Inc now owns 7,966,013 shares of the basic materials company’s stock valued at $183,825,000 after purchasing an additional 127,161 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Teck Resources by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,073,151 shares of the basic materials company’s stock valued at $130,816,000 after purchasing an additional 26,365 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Teck Resources by 2.6% during the first quarter. Janus Henderson Group PLC now owns 5,227,867 shares of the basic materials company’s stock valued at $120,998,000 after purchasing an additional 131,454 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Teck Resources by 10.9% during the first quarter. Great West Life Assurance Co. Can now owns 4,649,511 shares of the basic materials company’s stock valued at $107,162,000 after purchasing an additional 455,165 shares during the last quarter. Institutional investors own 53.68% of the company’s stock.
The company also recently announced a — dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.0376 dividend. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 12th. Teck Resources’s payout ratio is 4.78%.
Teck Resources Company Profile
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.