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Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
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Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
TSE:TECK.B

Teck Resources (TECK.B) Stock Price, News & Analysis

C$62.00
+2.39 (+4.01%)
(As of 03/28/2024 ET)
Today's Range
C$59.55
C$62.58
50-Day Range
C$49.81
C$61.56
52-Week Range
C$47.47
C$66.04
Volume
1.98 million shs
Average Volume
1.02 million shs
Market Capitalization
C$31.63 billion
P/E Ratio
13.36
Dividend Yield
0.81%
Price Target
C$65.87

Teck Resources MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.2% Upside
C$65.87 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

0.96 out of 5 stars

TECK.B stock logo

About Teck Resources Stock (TSE:TECK.B)

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates. It also produces molybdenum, gold, silver, germanium, indium, mercury, and cadmium, as well as chemicals, industrial products, and fertilizers. In addition, the company holds interest in oil sands projects and other interests in the Athabasca region of Alberta; and owns interest in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1906 and is headquartered in Vancouver, Canada.

TECK.B Stock Price History

TECK.B Stock News Headlines

TECK Mar 2024 43.500 put
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TECK Mar 2024 42.500 call
SHOCKING Crypto Leak…
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TECK Feb 2024 41.500 put
Stocks Flat by Noon
TECK Jan 2024 41.000 call
Glencore’s split is yet to be copper-bottomed
Teck Resources Ltd Class B (Sub Voting) TECK.B
Teck Resources: TSX Approves Normal Course Issuer Bid - Quick Facts
See More Headlines
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Industry, Sector and Symbol

Industry
Industrial Metals & Minerals
Sub-Industry
N/A
Current Symbol
TSE:TECK.B
Previous Symbol
TSE:TECK-B
CIK
N/A
Fax
N/A
Employees
10,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$65.87
High Stock Price Target
C$78.00
Low Stock Price Target
C$50.00
Potential Upside/Downside
+6.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
C$2.44 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$15.01 billion
Cash Flow
C$6.31 per share
Book Value
C$52.12 per share

Miscellaneous

Free Float
N/A
Market Cap
C$31.63 billion
Optionable
Not Optionable
Beta
1.40
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Key Executives

  • Mr. Donald R. Lindsay B.Sc. Honours (Age 60)
    M.B.A, Pres, CEO & Director
  • Mr. Ronald A. Millos CA (Age 62)
    Sr. VP of Fin. & CFO
  • Mr. Peter C. Rozee
    Sr. VP of Commercial & Legal Affairs
  • Mr. Andrew J. Golding
    Sr. VP of Corp. Devel.
  • Ms. Marcia M. Smith
    Sr. VP of Sustainability & External Affairs

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

Pros

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

  • Teck Resources Ltd has a market capitalization of C$27.26 billion, indicating a strong presence in the market.
  • The company operates in multiple segments including Steelmaking, Coal, Copper, Zinc, and Energy, providing diversification and exposure to different resources.
  • Teck Resources Ltd has a low P/E ratio of 11.45, which may indicate that the stock is undervalued compared to its earnings.
  • The average 1-year price target among brokerages covering the stock is C$65.87, suggesting potential for price appreciation.
  • The company's exploration and development projects in various regions offer growth opportunities and geographical diversification.

Cons

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

  • Teck Resources Ltd has a debt-to-equity ratio of 39.21, which may indicate higher financial leverage and associated risks.
  • The company's P/E/G ratio of -0.38 suggests a negative growth outlook, which could be a concern for investors looking for growth stocks.
  • Recent price target revisions by analysts, such as lowering price targets, may reflect uncertainties or challenges in the company's future performance.
  • The stock's 1-year low of C$44.70 indicates potential volatility in the stock price, which could lead to higher risk for investors.
  • Teck Resources Ltd's beta of 1.40 implies higher volatility compared to the market average, which may not suit risk-averse investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, March 25, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

TECK.B Stock Analysis - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TECK.B shares.
View TECK.B analyst ratings
or view top-rated stocks.

What is Teck Resources' stock price target for 2024?

11 analysts have issued 1-year price objectives for Teck Resources' stock. Their TECK.B share price targets range from C$50.00 to C$78.00. On average, they anticipate the company's share price to reach C$65.87 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for TECK.B
or view top-rated stocks among Wall Street analysts.

How have TECK.B shares performed in 2024?

Teck Resources' stock was trading at C$56.01 at the beginning of the year. Since then, TECK.B stock has increased by 10.7% and is now trading at C$62.00.
View the best growth stocks for 2024 here
.

Is Teck Resources a good dividend stock?

Teck Resources (TSE:TECK.B) pays an annual dividend of C$0.50 per share and currently has a dividend yield of 0.85%. The dividend payout ratio is 10.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TECK.B.

How do I buy shares of Teck Resources?

Shares of TECK.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TECK.B) was last updated on 3/29/2024 by MarketBeat.com Staff

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