Should I buy or sell Teck Resources stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 analysts have issued 12-month price objectives for Teck Resources' shares. Their TECK share price targets range from $32.00 to $63.00. On average, they anticipate the company's share price to reach $44.56 in the next twelve months. This suggests that the stock has a possible downside of 5.5%. 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 beginning of the year. Since then, TECK shares have increased by 11.5% and is now trading at $47.13. View the best growth stocks for 2024 here .

Are investors shorting Teck Resources?

Teck Resources saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 4,760,000 shares, a decline 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 presently 1.3 days. Approximately 0.9% of the company's stock are short sold. View Teck Resources' Short Interest .

When is Teck Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our TECK earnings forecast .

How can I listen to Teck Resources' earnings call?

Teck Resources will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Teck Resources' earnings last quarter?

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

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

Teck Resources declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.0925 per share on Thursday, March 28th. This represents a $0.37 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend 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 0.77%. 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 14.68% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TECK .

What ETFs hold Teck Resources' stock?

ETFs with the largest weight of Teck Resources (NYSE:TECK) stock in their portfolio include VanEck Green Metals ETF (GMET) , Optica Rare Earths & Critical Materials ETF (CRIT) , Davis Select International ETF (DINT) , Global X Copper Miners ETF (COPX) , Davis Select Worldwide ETF (DWLD) , Spear Alpha ETF (SPRX) , KraneShares Global Carbon Transformation ETF (KGHG) and Davis Select U.S. Equity ETF (DUSA) .

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 Foundation Resource Management Inc. (0.20%), Douglas Lane & Associates LLC (0.15%), Addenda Capital Inc. (0.10%), AMF Tjanstepension AB (0.09%), Leibman Financial Services Inc. (0.02%) and Pacifica Partners Inc. (0.01%).

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 .

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NYSE:TECK

Teck Resources (TECK) Stock Price, News & Analysis

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$47.14

-0.62 (-1.30%)

(As of 04/16/2024 ET)

Compare

Today's Range: $45.99
▼
$47.57
50-Day Range: $37.00
▼
$49.38
52-Week Range: $34.38
▼
$50.46

Volume: 4.20 million shs
Average Volume: 3.96 million shs
Market Capitalization: $24.06 billion

P/E Ratio: 13.74
Dividend Yield: 0.78%
Price Target: $44.56

Get Teck Resources alerts:

Teck Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 5.5% Downside
$44.56 Price Target
Short Interest: Healthy
1.00% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -9.56
Upright™ Environmental Score
News Sentiment: 0.16
Based on 30 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -29.01%
From $3.55 to $2.52 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.

2.16 out of 5 stars

Basic Materials Sector

114th out of 169 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 16 stocks

1.4

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Teck Resources has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.00% of the float of Teck Resources has been sold short.
Short Interest Ratio / Days to Cover
Teck Resources has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teck Resources has recently increased by 6.30%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Teck Resources has a dividend yield of 0.77%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Teck Resources is 10.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teck Resources will have a dividend payout ratio of 14.68% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teck Resources has received a -246.28% net impact score from Upright. The largest negative impact of Teck Resources in category "GHG emissions" seems to be driven mostly by its "Coke (from coal)", "Zinc", and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Teck Resources is -9.56.

2.3

News and Social Media Coverage

News Sentiment
Teck Resources has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 30 news articles for Teck Resources this week, compared to 8 articles on an average week.
Search Interest
30 people have searched for TECK on MarketBeat in the last 30 days. This is an increase of 58% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teck Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Teck Resources is held by insiders.
Percentage Held by Institutions
78.06% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Teck Resources are expected to decrease by -29.01% in the coming year, from $3.55 to $2.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 13.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 13.74, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 132.79.
Price to Earnings Growth Ratio
Teck Resources has a PEG Ratio of 6.51. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

TECK Stock News Headlines

April 13, 2024 | americanbankingnews.com

Morgan Stanley Reiterates Overweight Rating for Teck Resources (NYSE:TECK)

April 13, 2024 | americanbankingnews.com

Raymond James Weighs in on Teck Resources Limited's Q1 2024 Earnings (NYSE:TECK)

April 16, 2024 | Gold Safe Exchange (Ad)

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April 12, 2024 | americanbankingnews.com

Q4 2024 EPS Estimates for Teck Resources Limited Reduced by Raymond James (NYSE:TECK)

April 12, 2024 | americanbankingnews.com

B. Riley Analysts Reduce Earnings Estimates for Teck Resources Limited (NYSE:TECK)

April 11, 2024 | americanbankingnews.com

Traders Buy Large Volume of Call Options on Teck Resources (NYSE:TECK)

April 11, 2024 | americanbankingnews.com

Teck Resources Limited (NYSE:TECK) to Post Q2 2024 Earnings of $0.84 Per Share, B. Riley Forecasts

April 10, 2024 | americanbankingnews.com

Teck Resources (NYSE:TECK) Reaches New 12-Month High on Analyst Upgrade

April 16, 2024 | Gold Safe Exchange (Ad)

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April 9, 2024 | investorplace.com

Copper Kings: 3 Stocks to Profit From the Conductive Metal Boom

April 9, 2024 | americanbankingnews.com

Benchmark Increases Teck Resources (NYSE:TECK) Price Target to $52.00

April 5, 2024 | globenewswire.com

Teck to Release First Quarter 2024 Results on April 25, 2024

April 4, 2024 | globenewswire.com

Teck Provides Steelmaking Coal Sales and Pricing Update

April 4, 2024 | finance.yahoo.com

Teck Resources Limited: Commodity Price Update Q2 2024: Gold and Thermal Coal Companies Remain Among the Cheapest

April 4, 2024 | msn.com

Will Copper Reach $10,000? 'An Essential Metal That Faces An Uncertain Future'

April 3, 2024 | oilprice.com

The Rare Metal Keeping Biden and Xi Awake at Night

April 3, 2024 | finanznachrichten.de

ATEX Resources Inc.: ATEX Announces CEO Succession and Strengthens Management Team

April 3, 2024 | finance.yahoo.com

Origen Resources Provides Update on Property Portfolio and Strategic Direction

March 28, 2024 | barrons.com

AI Will Drive Big Demand for Copper, J.P. Morgan Says.

March 19, 2024 | theglobeandmail.com

Cleanup for pollution from Teck coal mines will top $6.4-billion, assessment claims

March 19, 2024 | reuters.com

Canadian miner Teck's Elk Valley clean up could cost at least C$6.4 bln, environment group says

March 19, 2024 | ca.finance.yahoo.com

Canadian miner Teck's Elk Valley clean up could cost at least C$6.4 billion, environment group says

March 15, 2024 | ca.finance.yahoo.com

TECK Jul 2024 50.000 call

March 15, 2024 | finance.yahoo.com

TECK Mar 2024 36.500 put

March 15, 2024 | finance.yahoo.com

TECK Mar 2024 45.000 call

March 15, 2024 | ca.finance.yahoo.com

TECK Jul 2024 46.000 put

March 15, 2024 | nasdaq.com

Ex-Dividend Reminder: Teck Resources, Ferguson and Royal BK Scotland Group

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Current Symbol: NYSE:TECK
CUSIP: N/A
CIK: 886986
Web: www.teck.com
Phone: (604) 699-4000
Fax: 604-699-4750
Employees: 12,600
Year Founded: 1906

Price Target and Rating

Average Stock Price Target: $44.56
High Stock Price Target: $63.00
Low Stock Price Target: $32.00
Potential Upside/Downside: -4.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.43
Trailing P/E Ratio: 13.55
Forward P/E Ratio: 13.10
P/E Growth: 6.51
Net Income: $1.78 billion
Net Margins: 16.21%
Pretax Margin: 26.27%
Return on Equity: 9.67%
Return on Assets: 4.96%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 1.10
Quick Ratio: 0.60

Sales & Book Value

Annual Sales: $11.12 billion
Price / Sales: 2.13
Cash Flow: $6.41 per share
Price / Cash Flow: 7.25
Book Value: $40.32 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 510,490,000
Free Float: 509,771,000
Market Cap: $23.73 billion
Optionable: Optionable
Beta: 1.15

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Key Executives

Mr. Jonathan H. Price M.B.A. (Age 47)
President, CEO & Director
Comp: $3.61M
Ms. Crystal J. Prystai
Senior VP & CFO
Ms. Charlene A. Ripley (Age 60)
Senior VP & General Counsel
Comp: $1.02M
Mr. Nicholas Peter M. Hooper (Age 53)
Senior Vice President of Corporate Development & Exploration
Comp: $1.08M
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
Chris Stannell
Public Relations Manager
Mr. Dean C. Winsor
Senior VP & Chief Human Resources Officer
Mr. Réal Foley
Senior Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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

Pros

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

Teck Resources Limited has a diversified portfolio of natural resources including copper, zinc, steelmaking coal, and blended bitumen, providing exposure to multiple sectors within the industry.
Recent increase in institutional investments in Teck Resources Limited, indicating confidence from large investors in the company's growth potential.
Teck Resources Limited has shown resilience in its stock price, trading at a 12-month high of $50.30, reflecting positive market sentiment.
The company's exploration for gold adds a potential high-value commodity to its product mix, diversifying its revenue streams.
Teck Resources Limited operates in multiple regions globally, reducing geographical risk and enhancing market stability.

Cons

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

Teck Resources Limited's stock price experienced a 1.6% decline recently, indicating short-term volatility in the market.
The company's debt-to-equity ratio of 0.21 may pose a risk in case of economic downturns or unfavorable market conditions.
Teck Resources Limited's price-to-earnings ratio of 14.16 and a P/E/G ratio of 6.02 may suggest the stock is currently overvalued compared to industry peers.
Market competition and fluctuations in commodity prices could impact Teck Resources Limited's profitability and stock performance.
Environmental regulations and sustainability concerns in the mining industry may pose challenges to Teck Resources Limited's operations and future growth prospects.

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 Friday, April 12, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

TECK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 analysts have issued 12-month price objectives for Teck Resources' shares. Their TECK share price targets range from $32.00 to $63.00. On average, they anticipate the company's share price to reach $44.56 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
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 beginning of the year. Since then, TECK shares have increased by 11.5% and is now trading at $47.13.
View the best growth stocks for 2024 here.
Are investors shorting Teck Resources?: Teck Resources saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 4,760,000 shares, a decline 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 presently 1.3 days. Approximately 0.9% of the company's stock are short sold.
View Teck Resources' Short Interest.
When is Teck Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our TECK earnings forecast.
How can I listen to Teck Resources' earnings call?: Teck Resources will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Teck Resources' earnings last quarter?: Teck Resources Limited (NYSE:TECK) announced its quarterly earnings results on Thursday, February, 22nd. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.01. The basic materials company earned $3.02 billion during the quarter, compared to analyst estimates of $3.11 billion. Teck Resources had a net margin of 16.21% and a trailing twelve-month return on equity of 9.67%.

How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?: Teck Resources declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.0925 per share on Thursday, March 28th. This represents a $0.37 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend 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 0.77%. 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 14.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.
What ETFs hold Teck Resources' stock?: ETFs with the largest weight of Teck Resources (NYSE:TECK) stock in their portfolio include VanEck Green Metals ETF (GMET), Optica Rare Earths & Critical Materials ETF (CRIT), Davis Select International ETF (DINT), Global X Copper Miners ETF (COPX), Davis Select Worldwide ETF (DWLD), Spear Alpha ETF (SPRX), KraneShares Global Carbon Transformation ETF (KGHG) and Davis Select U.S. Equity ETF (DUSA).
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 Foundation Resource Management Inc. (0.20%), Douglas Lane & Associates LLC (0.15%), Addenda Capital Inc. (0.10%), AMF Tjanstepension AB (0.09%), Leibman Financial Services Inc. (0.02%) and Pacifica Partners Inc. (0.01%).
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 4/16/2024 by MarketBeat.com Staff

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