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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

Teck Resources (TECK) Stock Price, News & Analysis

$43.92
+0.84 (+1.95%)
(As of 03/27/2024 ET)
Today's Range
$43.02
$43.96
50-Day Range
$37.00
$45.70
52-Week Range
$34.38
$49.34
Volume
3.14 million shs
Average Volume
3.96 million shs
Market Capitalization
$22.39 billion
P/E Ratio
12.80
Dividend Yield
0.84%
Price Target
$42.40

Teck Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
3.5% Downside
$42.40 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-9.56
Upright™ Environmental Score
News Sentiment
1.12mentions of Teck Resources in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-33.42%
From $4.01 to $2.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.22 out of 5 stars

Basic Materials Sector

77th out of 172 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 15 stocks

TECK stock logo

About Teck Resources Stock (NYSE:TECK)

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen. The company also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. The company was founded in 1913 and is headquartered in Vancouver, Canada.

TECK Stock Price History

TECK Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
TECK Jul 2024 50.000 call
TECK Mar 2024 36.500 put
TECK Mar 2024 45.000 call
TECK Jul 2024 46.000 put
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
TECK Apr 2024 35.000 put
Teck Reports 2023 Sustainability Performance
TECK Mar 2024 42.000 put
TECK Mar 2024 41.000 call
TECK Feb 2024 30.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/22/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Today
3/27/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
12,600
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$42.40
High Stock Price Target
$63.00
Low Stock Price Target
$32.00
Potential Upside/Downside
-3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$1.78 billion
Pretax Margin
26.27%

Debt

Sales & Book Value

Annual Sales
$11.12 billion
Cash Flow
$6.73 per share
Book Value
$40.32 per share

Miscellaneous

Free Float
508,993,000
Market Cap
$22.39 billion
Optionable
Optionable
Beta
1.13

Social Links

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Key Executives

  • Mr. Jonathan H. Price M.B.A. (Age 47)
    President, CEO & Director
    Comp: $1.81M
  • Ms. Crystal J. Prystai
    Senior VP & CFO
  • Mr. Nicholas Peter M. Hooper (Age 53)
    Senior Vice President of Corporate Development & Exploration
    Comp: $1.15M
  • Mr. Greg J. Brouwer
    Senior Vice President of Technical
  • Mr. Justin M. Webb
    VP & Chief Information Officer
  • Mr. H. Fraser Phillips
    Senior Vice President of Investor Relations & Strategic Analysis
  • Ms. Charlene A. Ripley (Age 60)
    Senior VP & General Counsel
  • Chris Stannell
    Public Relations Manager
  • Mr. Dean C. Winsor
    Senior VP & Chief Human Resources Officer
  • Mr. Réal Foley
    Senior Vice President

Should I Buy Teck Resources Stock? TECK Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Teck Resources was last updated on Monday, March 25, 2024 at 11:58 PM.

Pros

Here are some ways that investors could benefit from investing in Teck Resources Limited:

  • Teck Resources Limited has a diverse portfolio of natural resources including copper, zinc, steelmaking coal, and blended bitumen, providing exposure to multiple commodities which can help in risk diversification.
  • Recent stock performance shows TECK stock trading at $39.22, with a 52-week low of $32.48 and a 52-week high of $49.34, indicating potential for capital appreciation.
  • The company operates in Asia, Europe, and North America, allowing it to benefit from global economic growth and demand for natural resources.
  • Teck Resources Limited has a market capitalization of $20.39 billion, indicating it is a significant player in the industry with potential for stability and growth.
  • With a P/E ratio of 11.20, Teck Resources Limited may be considered undervalued compared to industry peers, presenting a potential value investment opportunity.

Cons

Investors should be bearish about investing in Teck Resources Limited for these reasons:

  • The company's PEG ratio of 4.48 suggests that the stock may be overvalued relative to its earnings growth potential, indicating a possible risk of investing at a premium.
  • Teck Resources Limited recently cut its dividend, which could be a concern for income-oriented investors relying on dividend payments for returns.
  • With a beta of 1.15, the stock is relatively more volatile compared to the market average, which may lead to higher fluctuations in share price.
  • The current ratio of 1.10 and quick ratio of 0.68 may indicate potential liquidity challenges for the company in meeting short-term obligations.
  • Teck Resources Limited's debt-to-equity ratio of 0.21 suggests a moderate level of leverage, which could pose risks in times of economic downturns or rising interest rates.

TECK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TECK shares.
View TECK analyst ratings
or view top-rated stocks.

What is Teck Resources' stock price target for 2024?

8 Wall Street research analysts have issued 1 year target prices for Teck Resources' shares. Their TECK share price targets range from $32.00 to $63.00. On average, they expect the company's stock price to reach $42.40 in the next twelve months. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for TECK
or view top-rated stocks among Wall Street analysts.

How have TECK shares performed in 2024?

Teck Resources' stock was trading at $42.27 at the start of the year. Since then, TECK shares have increased by 3.9% and is now trading at $43.92.
View the best growth stocks for 2024 here
.

Are investors shorting Teck Resources?

Teck Resources saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 4,760,000 shares, a decrease of 43.0% from the February 29th total of 8,350,000 shares. Based on an average daily volume of 3,620,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.9% of the shares of the stock are sold short.
View Teck Resources' Short Interest
.

When is Teck Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our TECK earnings forecast
.

How were Teck Resources' earnings last quarter?

Teck Resources Limited (NYSE:TECK) posted its earnings results on Thursday, February, 22nd. The basic materials company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.01. The basic materials company earned $3.02 billion during the quarter, compared to analysts' expectations of $3.11 billion. Teck Resources had a trailing twelve-month return on equity of 9.67% and a net margin of 16.21%.

How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?

Teck Resources announced a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.0925 per share on Thursday, March 28th. This represents a $0.37 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for TECK
.

Is Teck Resources a good dividend stock?

Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 0.86%. The dividend payout ratio is 10.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 13.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

What other stocks do shareholders of Teck Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

Who are Teck Resources' major shareholders?

Teck Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include Dodge & Cox (3.52%), Vanguard Group Inc. (3.16%), Vanguard Group Inc. (3.22%), FIL Ltd (2.30%), Boston Partners (2.09%) and Mackenzie Financial Corp (1.30%).

How do I buy shares of Teck Resources?

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TECK) was last updated on 3/28/2024 by MarketBeat.com Staff

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