Media coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teck Resources earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.6684803146479 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- Brokerages Expect Teck Resources Ltd (TECK) to Announce $1.14 EPS (americanbankingnews.com)
- Teck Resources cuts sales volume forecast for steelmaking coal – Reuters (reuters.com)
- Teck Resources (TECK) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Teck Resources Ltd (TECK) Raises Dividend to $0.04 Per Share (americanbankingnews.com)
- Connemara Mining excited to see drilling started at Stonepark Zinc project – Proactive Investors UK (proactiveinvestors.co.uk)
A number of analysts recently commented on the company. Seaport Global Securities assumed coverage on Teck Resources in a research report on Friday, March 2nd. They issued a “hold” rating for the company. ValuEngine lowered Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research lowered Teck Resources from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America lowered Teck Resources to a “hold” rating in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on Teck Resources from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $30.06.
Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.06). The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.28 billion. Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. analysts expect that Teck Resources will post 3.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Teck Resources’s previous quarterly dividend of $0.04. Teck Resources’s payout ratio is presently 4.72%.
WARNING: “Teck Resources (TECK) Receives Daily Coverage Optimism Rating of 0.06” was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3254167/teck-resources-teck-receives-daily-coverage-optimism-rating-of-0-06.html.
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.
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.