Teck Resources Limited (NYSE:TCK) was downgraded by equities researchers at BMO Capital Markets to a “market perform” rating in a research report issued on Wednesday, AnalystRatings.NET reports.
Teck Resources Limited (NYSE:TCK) traded down 1.73% during mid-day trading on Wednesday, hitting $23.81. 936,605 shares of the company’s stock traded hands. Teck Resources Limited has a 52-week low of $19.98 and a 52-week high of $38.57. The stock’s 50-day moving average is $26.81 and its 200-day moving average is $25.63. The company has a market cap of $13.722 billion and a P/E ratio of 20.60.
Teck Resources Limited (NYSE:TCK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, analysts predict that Teck Resources Limited will post $1.77 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, January 2nd. Shareholders of record on Monday, December 16th will be given a dividend of $0.43 per share. This represents a yield of 3.38%. The ex-dividend date of this dividend is Thursday, December 12th.
TCK has been the subject of a number of other recent research reports. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Teck Resources Limited in a research note to investors on Monday, November 4th. They now have a $35.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Teck Resources Limited from $30.00 to $33.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Teck Resources Limited in a research note to investors on Thursday, October 31st. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.90.
Teck Resources Limited (NYSE:TCK), formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining.
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