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Teck Resources (TECK) Stock Price, News & Analysis

$48.92
+0.44 (+0.91%)
(As of 08/21/2024 ET)
Today's Range
$48.65
$49.29
50-Day Range
$43.56
$50.78
52-Week Range
$34.38
$55.13
Volume
1.97 million shs
Average Volume
3.57 million shs
Market Capitalization
$24.99 billion
P/E Ratio
21.65
Dividend Yield
0.74%
Price Target
$62.40

Teck Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
27.6% Upside
$62.40 Price Target
Short Interest
Healthy
1.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-9.56
Upright™ Environmental Score
News Sentiment
0.20mentions of Teck Resources in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.57%
From $1.97 to $2.06 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.

4.39 out of 5 stars

Basic Materials Sector

34th out of 178 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd out of 20 stocks

TECK stock logo

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

TECK Stock News Headlines

Advanced Metallurgical Test Work to Commence at Akie
Massive Crypto Selloff = Historic Opportunity
Stocks recently suffered the worst 1-day loss since 2022… Cryptos got hammered as well…But here's the fact everyone is missing… As of this writing, Bitcoin is still up 28% year to date…And it's up 84% in the last year.
TECK Jun 2025 40.000 put
TECK Aug 2024 48.000 put
TECK Nov 2024 36.000 call (TECK241115C00036000)
Morgan Stanley Keeps Their Buy Rating on Teck Resources (TECK)
Massive Crypto Selloff = Historic Opportunity
Stocks recently suffered the worst 1-day loss since 2022… Cryptos got hammered as well…But here's the fact everyone is missing… As of this writing, Bitcoin is still up 28% year to date…And it's up 84% in the last year.
Teck Resources earnings: here's what Wall Street expects
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/17/2024
Dividend Payable
6/28/2024
Last Earnings
7/24/2024
Today
8/22/2024
Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
Non-Metallic And Industrial Metal Mining
Employees
12,600
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$62.40
High Stock Price Target
$80.00
Low Stock Price Target
$54.00
Potential Upside/Downside
+27.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$1.78 billion
Pretax Margin
17.24%

Debt

Sales & Book Value

Annual Sales
$15.57 billion
Cash Flow
$6.63 per share
Book Value
$40.32 per share

Miscellaneous

Free Float
510,120,000
Market Cap
$24.99 billion
Optionable
Optionable
Beta
1.05

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Key Executives

  • Mr. Jonathan H. Price M.B.A. (Age 47)
    President, CEO & Director
    Comp: $3.56M
  • Ms. Crystal J. Prystai
    Senior VP & CFO
  • Ms. Charlene A. Ripley (Age 60)
    Senior VP & General Counsel
    Comp: $1.01M
  • Mr. Nicholas Peter M. Hooper (Age 53)
    Senior Vice President of Corporate Development & Exploration
    Comp: $1.06M
  • 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
  • Michael Han
    Chief Economist

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 has shown consistent revenue growth, with a 10.1% increase in revenue on a year-over-year basis.
  • The company recently increased its dividend to $0.625 per share, representing a dividend yield of 5.47%, which can be attractive to income-seeking investors.
  • Teck Resources reported earnings per share (EPS) of $0.79 for the last quarter, surpassing the consensus estimate by $0.32, indicating strong financial performance.
  • The stock has a relatively low debt-to-equity ratio of 0.20, which signifies a healthy financial position and lower risk.
  • With a market capitalization of $23.35 billion, Teck Resources is a well-established company in the basic materials sector, providing stability to investors.

Cons

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

  • The company's price-to-earnings-growth (PEG) ratio is relatively high at 10.55, indicating that the stock may be overvalued based on its growth prospects.
  • Teck Resources' quick ratio of 0.86 is below 1, suggesting potential liquidity challenges in meeting short-term obligations.
  • While the stock has a 52-week high of $55.13, the current stock price should be carefully evaluated for potential overvaluation or undervaluation.
  • Teck Resources' return on equity (ROE) of 7.52% is lower compared to industry peers, indicating less efficient utilization of shareholder equity.
  • The company's beta of 1.05 implies that the stock's price is relatively sensitive to market movements, potentially leading to higher volatility for investors.
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 Sunday, August 11, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

TECK Stock Analysis - Frequently Asked Questions

How have TECK shares performed this year?

Teck Resources' stock was trading at $42.27 at the beginning of 2024. Since then, TECK shares have increased by 15.7% and is now trading at $48.92.
View the best growth stocks for 2024 here
.

How were Teck Resources' earnings last quarter?

Teck Resources Limited (NYSE:TECK) posted its quarterly earnings data on Wednesday, July, 24th. The basic materials company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.32. The company's revenue was up 10.1% on a year-over-year basis.

Who are Teck Resources' major shareholders?

Teck Resources' top institutional shareholders include Davis Selected Advisers (2.25%), Dimensional Fund Advisors LP (1.25%), CIBC Asset Management Inc (1.24%) and Principal Financial Group Inc. (1.19%).

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.

What other stocks do shareholders of Teck Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC) and Fossil Group (FOSL).

This page (NYSE:TECK) was last updated on 8/22/2024 by MarketBeat.com Staff

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