Several other research analysts have also commented on TCK. Raymond James Financial Inc. reiterated a market perform rating and set a $21.00 price target (up previously from $19.00) on shares of Teck Resources in a report on Thursday, August 25th. Sanford C. Bernstein reiterated a sell rating and set a $10.00 price target on shares of Teck Resources in a report on Friday, August 19th. Royal Bank Of Canada lowered Teck Resources from an outperform rating to a sector perform rating and lifted their price target for the stock from $16.00 to $23.00 in a report on Friday, August 12th. RBC Capital Markets reiterated an outperform rating and set a $16.00 price target on shares of Teck Resources in a report on Tuesday, July 19th. Finally, Clarkson Capital upgraded Teck Resources from a neutral rating to a buy rating in a report on Monday, July 18th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Teck Resources has a consensus rating of Hold and an average target price of $16.55.
Shares of Teck Resources (NYSE:TCK) opened at 20.65 on Thursday. Teck Resources has a 1-year low of $2.56 and a 1-year high of $20.82. The company has a 50-day moving average of $17.81 and a 200-day moving average of $13.63. The stock’s market capitalization is $11.90 billion.
Teck Resources (NYSE:TCK) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.33 billion. Teck Resources had a positive return on equity of 0.39% and a negative net margin of 32.87%. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. On average, equities research analysts expect that Teck Resources will post $0.63 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. purchased a new stake in Teck Resources during the second quarter worth approximately $105,000. Macquarie Group Ltd. purchased a new stake in Teck Resources during the second quarter worth approximately $150,000. Fox Run Management L.L.C. purchased a new stake in Teck Resources during the third quarter worth approximately $191,000. Commonwealth Equity Services Inc boosted its stake in Teck Resources by 4.9% in the second quarter. Commonwealth Equity Services Inc now owns 19,237 shares of the company’s stock worth $253,000 after buying an additional 900 shares in the last quarter. Finally, Oak Associates Ltd. OH boosted its stake in Teck Resources by 1.0% in the first quarter. Oak Associates Ltd. OH now owns 41,704 shares of the company’s stock worth $317,000 after buying an additional 400 shares in the last quarter. 47.22% of the stock is currently owned by institutional investors.
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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