Teck Resources (NYSE:TECK) Announces Quarterly Earnings Results

Teck Resources (NYSE:TECK) (TSE:TECK) issued its quarterly earnings data on Thursday. The basic materials company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07, Zacks reports. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%.

Teck Resources Price Performance

Shares of Teck Resources stock traded up $0.98 during midday trading on Thursday, hitting $43.68. 1,272,430 shares of the company traded hands, compared to its average volume of 2,798,544. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 66.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The firm’s fifty day moving average price is $42.05 and its 200-day moving average price is $45.75. Teck Resources has a 12 month low of $37.30 and a 12 month high of $55.13.

Analyst Ratings Changes

TECK has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Friday, October 25th. National Bank Financial lowered shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, November 11th. Finally, Raymond James decreased their target price on shares of Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Teck Resources currently has a consensus rating of “Moderate Buy” and an average price target of $65.38.

Teck Resources Company Profile

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.