Teck Resources Ltd (TSE:TECK.B) PT Lowered to C$33.00

Paterniano Del Favero
Agosto 5, 2017

Nexus Investment Management Inc. acquired a new stake in shares of Teck Resources during the second quarter valued at about $182,000. Comerica Bank acquired a new position in shares of Teck Resources during the second quarter worth $1,170,000. Deutsche Bank downgraded Teck Resources Ltd (USA) (NYSE:TECK) on Friday, October 23 to "Sell" rating.

Institutional investors have recently added to or reduced their stakes in the stock. "Ltd. Takes Position in Teck Resources Ltd (NYSE:TECK)" was originally posted by Markets Daily and is owned by of Markets Daily. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 7.96 and a beta of 1.27. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. The basic materials company reported $0.73 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.71 by $0.02. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.75 billion. Teck Resources had a net margin of 14.37% and a return on equity of 10.02%. For the past 5 years, the company's revenue has grown 91.4%, while the company's earnings per share has grown 31.8%. On average, equities research analysts anticipate that Teck Resources Ltd will post $3.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.0399 per share. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 14th. Teck Resources Ltd (USA) (NYSE:TCK) has 0.00% since August 2, 2016 and is.

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Teck Resources Ltd was upgraded to " by analysts at Macquarie. Finally, CSFB started coverage on Teck Resources in a report on Thursday, April 13th. J P Morgan Chase & Co raised shares of Teck Resources from a "neutral" rating to an "overweight" rating in a research report on Tuesday, May 30th. Finally, Clarkson Capital reiterated a "buy" rating on shares of Teck Resources in a report on Friday, May 19th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $38.00 price objective (down previously from $39.00) on shares of Teck Resources in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock.

Shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) have earned a consensus rating of "Buy" from the twenty-seven ratings firms that are covering the company, MarketBeat.com reports.

Teck Resources Ltd (TCKRF)'s Triple Exponential Moving Average has been spotted as trending higher over the past five bars, suggesting that momentum is building for the shares. The Company's activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy.

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