Teck Resources Ltd. (TSE:TCK) Given Consensus Rating of “Buy” by Analysts

Shares of Teck Resources Ltd. (TSE:TCK) have been assigned an average rating of “Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating on the company.

A number of research analysts have commented on the company. Eight Capital lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 11th. Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a research report on Friday, July 26th. BMO Capital Markets raised shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. TD Securities upgraded shares of Teck Resources to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, UBS Group upgraded shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

Teck Resources Stock Performance

Teck Resources (TSE:TCK) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.15. The firm had revenue of C$3.87 billion for the quarter, compared to the consensus estimate of C$3.98 billion.

Teck Resources Dividend Announcement

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