Teck Resources (TSE:TECK.A) Stock Price Up 2.8% – Here’s Why

Teck Resources Limited (TSE:TECK.A) shares rose 2.8% on Tuesday . The stock traded as high as C$49.13 and last traded at C$49.13. Approximately 2,819 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 1,985 shares. The stock had previously closed at C$47.79.

Teck Resources Stock Up 2.8%

The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a market capitalization of C$24.02 billion, a P/E ratio of 84.71 and a beta of 1.58. The company’s 50-day simple moving average is C$48.75 and its two-hundred day simple moving average is C$51.15.

Teck Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, September 15th. Teck Resources’s dividend payout ratio (DPR) is presently 86.21%.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.