Press coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Teck Resources earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.3593034130324 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of research analysts have weighed in on TECK shares. ValuEngine raised shares of Teck Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of Teck Resources from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, March 7th. Morgan Stanley raised their price objective on shares of Teck Resources from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, June 29th. MKM Partners set a $35.00 price objective on shares of Teck Resources and gave the company a “buy” rating in a research note on Wednesday, June 6th. Finally, Macquarie raised shares of Teck Resources from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.06.
Teck Resources opened at $24.35 on Wednesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.38 and a current ratio of 2.14. Teck Resources has a fifty-two week low of $17.19 and a fifty-two week high of $30.80. The stock has a market cap of $13.92 billion, a P/E ratio of 7.10, a PEG ratio of 0.66 and a beta of 1.46.
Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings results on Tuesday, April 24th. The basic materials company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.04). Teck Resources had a net margin of 22.03% and a return on equity of 13.66%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. equities research analysts predict that Teck Resources will post 3.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were issued a dividend of $0.039 per share. The ex-dividend date was Thursday, June 14th. This represents a $0.16 dividend on an annualized basis and a yield of 0.64%. Teck Resources’s dividend payout ratio (DPR) is presently 4.37%.
About Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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