Teck Resources (TSE:TCK) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of Teck Resources (TSE:TCKFree Report) from a hold rating to a strong-buy rating in a research report report published on Wednesday, Zacks.com reports.

A number of other brokerages have also recently commented on TCK. BMO Capital Markets upgraded shares of Teck Resources from a hold rating to a strong-buy rating in a research note on Monday, July 15th. Eight Capital cut shares of Teck Resources from a strong-buy rating to a hold rating in a research note on Thursday, July 11th. TD Securities upgraded shares of Teck Resources to a strong-buy rating in a research note on Tuesday, July 16th. Finally, Paradigm Capital upgraded shares of Teck Resources to a moderate buy rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy.

Read Our Latest Analysis on Teck Resources

Teck Resources Stock Performance

Teck Resources (TSE:TCKGet Free Report) last announced its earnings results on Wednesday, July 24th. The company reported C$0.79 EPS for the quarter, topping the consensus estimate of C$0.64 by C$0.15. The business had revenue of C$3.87 billion for the quarter, compared to analyst estimates of C$3.98 billion.

Teck Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 13th.

Further Reading

Analyst Recommendations for Teck Resources (TSE:TCK)

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