Teck Resources (TECK) Receiving Somewhat Positive Media Coverage, Report Finds

Media headlines about Teck Resources (NYSE:TECK) (TSE:TECK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 47.2226131348148 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of equities research analysts have recently weighed in on TECK shares. ValuEngine lowered shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. MKM Partners reaffirmed a “buy” rating and set a $30.00 target price on shares of Teck Resources in a research note on Wednesday, September 20th. Zacks Investment Research lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BMO Capital Markets lifted their target price on shares of Teck Resources from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, September 25th. Finally, B. Riley reaffirmed a “buy” rating on shares of Teck Resources in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.65.

Shares of Teck Resources (NYSE TECK) traded down $0.02 during midday trading on Thursday, reaching $22.77. 3,710,731 shares of the company were exchanged, compared to its average volume of 5,034,939. Teck Resources has a one year low of $14.56 and a one year high of $26.45. The stock has a market cap of $13,035.92, a PE ratio of 6.21, a P/E/G ratio of 0.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.42 and a current ratio of 2.17.

The firm also recently declared a special dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.3141 per share. The ex-dividend date is Thursday, December 14th. This represents a yield of 0.72%. Teck Resources’s dividend payout ratio (DPR) is currently 2.53%.

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About Teck Resources

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

Insider Buying and Selling by Quarter for Teck Resources (NYSE:TECK)

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