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TSE:TECK.B

Teck Resources (TECK.B) Stock Price, News & Analysis

C$59.01
-1.40 (-2.32%)
(As of 04:21 PM ET)
Today's Range
C$58.53
C$60.81
50-Day Range
C$59.87
C$69.23
52-Week Range
C$47.47
C$74.37
Volume
1.58 million shs
Average Volume
1.10 million shs
Market Capitalization
C$30.21 billion
P/E Ratio
21.15
Dividend Yield
0.85%
Price Target
C$76.60

Teck Resources MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.1% Upside
C$76.60 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.30 out of 5 stars

TECK.B stock logo

About Teck Resources Stock (TSE:TECK.B)

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. It also produces molybdenum, gold, silver, germanium, indium, mercury, and cadmium, as well as chemicals, industrial products, and fertilizers. In addition, the company holds interest in oil sands projects and other interests in the Athabasca region of Alberta; and owns interest in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1906 and is headquartered in Vancouver, Canada.

TECK.B Stock Price History

TECK.B Stock News Headlines

The Most Important Presentation in America Right Now
"Most people won't know what to do when their savings run out... Or when the stocks in their portfolios fall by half," says Wall Street icon Louis Navellier. "It's going to affect everything about our normal way of life: Our money, the value of our homes, our ability to retire." When it makes landfall, it's impact will be more violent and more severe than any financial crisis we've ever seen…
Invesco American Franchise Fund Q2 2024 Review
Stocks in play: Teck Resources Limited
The Most Important Presentation in America Right Now
"Most people won't know what to do when their savings run out... Or when the stocks in their portfolios fall by half," says Wall Street icon Louis Navellier. "It's going to affect everything about our normal way of life: Our money, the value of our homes, our ability to retire." When it makes landfall, it's impact will be more violent and more severe than any financial crisis we've ever seen…
TECK Apr 2024 52.000 call
TECK Apr 2024 50.000 put
TECK Mar 2024 43.500 put
See More Headlines
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Industry, Sector and Symbol

Industry
Industrial Metals & Minerals
Sub-Industry
Non-Metallic And Industrial Metal Mining
Current Symbol
TSE:TECK.B
Previous Symbol
TSE:TECK-B
CIK
N/A
Fax
N/A
Employees
12,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$76.60
High Stock Price Target
C$88.00
Low Stock Price Target
C$59.00
Potential Upside/Downside
+29.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
C$1.46 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$15.57 billion
Cash Flow
C$6.01 per share
Book Value
C$51.02 per share

Miscellaneous

Free Float
N/A
Market Cap
C$30.21 billion
Optionable
Not Optionable
Beta
1.36
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Key Executives

  • Mr. Donald R. Lindsay B.Sc. Honours (Age 60)
    M.B.A, Pres, CEO & Director
  • Mr. Ronald A. Millos CA (Age 62)
    Sr. VP of Fin. & CFO
  • Mr. Peter C. Rozee
    Sr. VP of Commercial & Legal Affairs
  • Mr. Andrew J. Golding
    Sr. VP of Corp. Devel.
  • Ms. Marcia M. Smith
    Sr. VP of Sustainability & External Affairs

Should I Buy Teck Resources Stock? TECK.B Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Teck Resources Ltd:

  • Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe.
  • The company operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate, providing diversification in its revenue streams.
  • Teck Resources Ltd's principal products include steelmaking coal, which is in demand for steel production.
  • The company has a strong presence in the energy sector, which can provide stability and growth opportunities.
  • Recent developments in the company's operations have shown positive growth potential, reflecting well on its stock price.

Cons

Investors should be bearish about investing in Teck Resources Ltd for these reasons:

  • While the company has diversified revenue streams, it also exposes investors to risks associated with multiple sectors.
  • Volatility in commodity prices, especially in coal and copper, can impact the company's profitability.
  • Teck Resources Ltd's operations are subject to regulatory and environmental risks, which can affect its bottom line.
  • Investing in natural resources companies like Teck Resources Ltd requires a good understanding of commodity markets and their fluctuations.
  • Despite recent positive developments, investors should carefully consider the overall market conditions before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 25, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

TECK.B Stock Analysis - Frequently Asked Questions

How have TECK.B shares performed this year?

Teck Resources' stock was trading at C$56.01 at the start of the year. Since then, TECK.B shares have increased by 5.1% and is now trading at C$58.86.
View the best growth stocks for 2024 here
.

How do I buy shares of Teck Resources?

Shares of TECK.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TECK.B) was last updated on 9/6/2024 by MarketBeat.com Staff

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