Press coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 47.5588911349048 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Spark Investment Management LLC Decreases Stake in Teck Resources Ltd (TECK) (americanbankingnews.com)
- State of Wisconsin Investment Board Has $10.57 Million Stake in Teck Resources Ltd (TECK) (americanbankingnews.com)
- Teck Resources Ltd (TECK) Position Reduced by Barometer Capital Management Inc. (americanbankingnews.com)
- Ontario Teachers Pension Plan Board Decreases Position in Teck Resources Ltd (TECK) (americanbankingnews.com)
- Quadrature Capital Ltd Invests $5.75 Million in Teck Resources Ltd (TECK) (americanbankingnews.com)
A number of brokerages have recently issued reports on TECK. Zacks Investment Research cut Teck Resources from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Macquarie cut Teck Resources from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Bank of America cut Teck Resources to a “hold” rating in a research note on Tuesday, February 20th. They noted that the move was a valuation call. ValuEngine upgraded Teck Resources from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Finally, Clarkson Capital cut Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, January 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Teck Resources currently has an average rating of “Buy” and a consensus price target of $30.94.
Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.06). Teck Resources had a net margin of 20.83% and a return on equity of 13.69%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. equities research analysts predict that Teck Resources will post 3.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.04 per share. This is an increase from Teck Resources’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, March 14th. Teck Resources’s payout ratio is currently 4.65%.
Teck Resources Company Profile
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.
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