A number of other analysts also recently commented on TCK. Raymond James Financial Inc. restated a market perform rating and set a $21.00 price objective (up from $19.00) on shares of Teck Resources in a report on Thursday, August 25th. Barclays PLC restated an underweight rating on shares of Teck Resources in a report on Wednesday, August 3rd. Credit Suisse Group AG restated a hold rating on shares of Teck Resources in a report on Tuesday, June 28th. Zacks Investment Research upgraded Teck Resources from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Saturday, July 9th. Finally, Morgan Stanley upgraded Teck Resources from an underweight rating to an equal weight rating and upped their price objective for the stock from $7.00 to $18.00 in a report on Thursday, September 15th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Teck Resources currently has an average rating of Hold and an average price target of $14.81.
Teck Resources (NYSE:TCK) opened at 18.31 on Tuesday. Teck Resources has a 52-week low of $2.56 and a 52-week high of $19.08. The stock has a 50 day moving average price of $16.87 and a 200 day moving average price of $12.52. The stock’s market cap is $10.55 billion.
Teck Resources (NYSE:TCK) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business earned $1.74 billion during the quarter, compared to the consensus estimate of $1.33 billion. Teck Resources had a positive return on equity of 0.39% and a negative net margin of 32.87%. The business’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities research analysts forecast that Teck Resources will post $0.54 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Advisor Group Inc. purchased a new stake in shares of Teck Resources during the second quarter valued at approximately $105,000. Macquarie Group Ltd. purchased a new stake in shares of Teck Resources during the second quarter valued at approximately $150,000. Commonwealth Equity Services Inc raised its stake in shares of Teck Resources by 4.9% in the second quarter. Commonwealth Equity Services Inc now owns 19,237 shares of the company’s stock valued at $253,000 after buying an additional 900 shares during the last quarter. Oak Associates Ltd. OH raised its stake in shares of Teck Resources by 1.0% in the first quarter. Oak Associates Ltd. OH now owns 41,704 shares of the company’s stock valued at $317,000 after buying an additional 400 shares during the last quarter. Finally, Sprott Inc. purchased a new stake in shares of Teck Resources during the second quarter valued at approximately $395,000. Institutional investors own 47.23% of the company’s stock.
About Teck Resources
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.
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