Teck Resources (NYSE:TECK) Stock Rating Upgraded by National Bank Financial

National Bank Financial upgraded shares of Teck Resources (NYSE:TECK - Free Report) TSE: TECK from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. UBS Group reissued a "neutral" rating on shares of Teck Resources in a research report on Tuesday, April 15th. BMO Capital Markets started coverage on shares of Teck Resources in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Veritas raised shares of Teck Resources to a "hold" rating in a research report on Friday, April 11th. National Bankshares raised shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a research report on Thursday. Finally, Raymond James lowered their price target on shares of Teck Resources from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.11.

Teck Resources Price Performance

NYSE TECK traded down $0.15 on Thursday, hitting $35.23. The company had a trading volume of 1,911,444 shares, compared to its average volume of 3,128,276. Teck Resources has a 12-month low of $28.32 and a 12-month high of $55.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35. The company's fifty day moving average price is $37.25 and its 200-day moving average price is $41.99. The company has a market capitalization of $17.36 billion, a PE ratio of 64.06 and a beta of 0.81.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.18. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The firm's quarterly revenue was up 41.4% on a year-over-year basis. As a group, analysts predict that Teck Resources will post 1.53 earnings per share for the current year.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.0901 per share. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. Teck Resources's dividend payout ratio is 58.62%.

Institutional Trading of Teck Resources

A number of institutional investors and hedge funds have recently bought and sold shares of TECK. Stonebridge Financial Group LLC purchased a new stake in Teck Resources during the fourth quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in shares of Teck Resources in the 4th quarter valued at approximately $27,000. FPC Investment Advisory Inc. acquired a new stake in shares of Teck Resources in the 4th quarter valued at $27,000. Community Bank N.A. purchased a new stake in shares of Teck Resources during the 4th quarter worth $33,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Teck Resources during the 3rd quarter worth $40,000. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

About Teck Resources

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.