Teck Resources Ltd. (NYSE:TCK) (TSE:TCK.B) announced a semiannual dividend on Friday, November 25th. Stockholders of record on Thursday, December 15th will be given a dividend of 0.037 per share on Friday, December 30th. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, December 13th.
Teck Resources (NYSE:TCK) traded down 0.73% during midday trading on Friday, hitting $25.69. The stock had a trading volume of 2,480,752 shares. Teck Resources has a one year low of $2.56 and a one year high of $26.21. The stock’s 50-day moving average is $21.07 and its 200-day moving average is $15.90. The company’s market cap is $14.81 billion.
Teck Resources (NYSE:TCK) last announced its earnings results on Thursday, October 27th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $1.65 billion. Teck Resources had a positive return on equity of 1.13% and a negative net margin of 1.42%. Teck Resources’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. Equities analysts predict that Teck Resources will post $1.09 EPS for the current fiscal year.
Several research analysts have recently commented on TCK shares. Deutsche Bank AG boosted their target price on Teck Resources from $10.00 to $11.50 and gave the stock a “sell” rating in a report on Friday, July 29th. Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. Goldman Sachs Group Inc. cut shares of Teck Resources from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Monday, August 1st. Barclays PLC restated an “underweight” rating on shares of Teck Resources in a research report on Wednesday, August 3rd. Finally, Raymond James Financial Inc. upgraded shares of Teck Resources from an “underperform” rating to a “market perform” rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.88.
Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. acquired a new position in Teck Resources during the second quarter worth approximately $105,000. Candriam Luxembourg S.C.A. increased its position in Teck Resources by 5.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 21,437 shares of the company’s stock worth $386,000 after buying an additional 1,195 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Teck Resources by 2,386,100.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 23,862 shares of the company’s stock worth $430,000 after buying an additional 23,861 shares in the last quarter. Sprott Inc. acquired a new position in Teck Resources during the second quarter worth approximately $395,000. Finally, Wetherby Asset Management Inc. increased its position in Teck Resources by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 33,318 shares of the company’s stock worth $439,000 after buying an additional 336 shares in the last quarter. Institutional investors own 47.05% of the company’s stock.
Teck Resources Company Profile