Teck Resources (NYSE:TECK) (TSE:TECK) released its quarterly earnings data on Tuesday. The basic materials company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01, MarketWatch Earnings reports. Teck Resources had a return on equity of 10.81% and a net margin of 24.75%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business posted $1.31 EPS.
Shares of NYSE TECK opened at $24.55 on Wednesday. The stock has a market capitalization of $13.85 billion, a P/E ratio of 7.82 and a beta of 1.27. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.24. Teck Resources has a 52-week low of $18.17 and a 52-week high of $30.11.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.038 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.62%. Teck Resources’s dividend payout ratio (DPR) is presently 4.78%.
A number of research analysts have recently commented on the company. ValuEngine downgraded Teck Resources from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Raymond James reiterated a “buy” rating on shares of Teck Resources in a report on Thursday, April 4th. Bank of America set a $30.00 price objective on Teck Resources and gave the company a “buy” rating in a report on Thursday, April 4th. MKM Partners assumed coverage on Teck Resources in a report on Friday, January 18th. They issued a “buy” rating and a $28.00 price objective on the stock. Finally, Goldman Sachs Group upgraded Teck Resources from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Monday, January 14th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Teck Resources currently has an average rating of “Buy” and a consensus price target of $29.14.
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Teck Resources Company Profile
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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