Teck Resources (TECK) Stock Price, News & Analysis

Company Overview

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. The company also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. The company was founded in 1913 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $51.63 to $52.37
• 50-Day Range: $43.49 to $53.40
• 52-Week Range: $34.38 to $55.13
• Volume: 2.28 million shs
• Average Volume: 3.13 million shs
• Market Capitalization: $26.47 billion
• P/E Ratio: 22.93
• Dividend Yield: 0.71%
• Price Target: $65.00
• Consensus Rating: Moderate Buy

Teck Resources Stock Analysis - MarketRank™

Teck Resources scored higher than 95% of companies evaluated by MarketBeat, and ranked 21st out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Teck Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Teck Resources has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.93%

Earnings Growth

Earnings for Teck Resources are expected to grow by 6.93% in the coming year, from $2.02 to $2.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Teck Resources is 22.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Teck Resources is 22.93, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.29.

Price to Book Value per Share Ratio

Teck Resources has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.55% of the float of Teck Resources has been sold short.

Short Interest Ratio / Days to Cover

Teck Resources has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Teck Resources has recently increased by 22.54%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Teck Resources has a dividend yield of 0.71%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Teck Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Teck Resources is 16.37%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Teck Resources will have a dividend payout ratio of 17.13% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -9.56

Percentage of Shares Shorted

1.55% of the float of Teck Resources has been sold short.

Short Interest Ratio / Days to Cover

Teck Resources has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Teck Resources has recently increased by 22.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.76

News Sentiment

Teck Resources has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Teck Resources this week, compared to 8 articles on an average week.

Search Interest

12 people have searched for TECK on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.

MarketBeat Follows

7 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Teck Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.14% of the stock of Teck Resources is held by insiders.

Percentage Held by Institutions

78.06% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TECK Stock Analysis - Frequently Asked Questions

How have TECK shares performed this year?

Teck Resources' stock was trading at $42.27 on January 1st, 2024. Since then, TECK shares have increased by 22.6% and is now trading at $51.82.
View the best growth stocks for 2024 here.

How were Teck Resources' earnings last quarter?

Teck Resources Limited (NYSE:TECK) released its quarterly earnings results on Wednesday, July, 24th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.32. The company's revenue was up 10.1% compared to the same quarter last year.

Who are Teck Resources' major shareholders?

Top institutional shareholders of Teck Resources include AMF Tjanstepension AB (0.89%), SG Americas Securities LLC, Park Avenue Securities LLC and Massmutual Trust Co. FSB ADV.

How do I buy shares of Teck Resources?

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Teck Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC) and Fossil Group (FOSL).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Today: 10/06/2024
• Next Earnings (Confirmed): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Mining & quarrying of nonmetallic minerals, except fuels
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:TECK
• CUSIP: N/A
• CIK: 886986
• Web: www.teck.com
• Phone: (604) 699-4000
• Fax: 604-699-4750
• Employees: 12,600
• Year Founded: 1906

Price Target and Rating

• Average Stock Price Target: $65.00
• High Stock Price Target: $80.00
• Low Stock Price Target: $54.00
• Potential Upside/Downside: +25.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.26
• Trailing P/E Ratio: 22.93
• Forward P/E Ratio: 25.65
• P/E Growth: N/A
• Net Income: $1.78 billion
• Net Margins: 9.40%
• Pretax Margin: 17.24%
• Return on Equity: 6.52%
• Return on Assets: 3.39%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 1.48
• Quick Ratio: 0.77

Sales & Book Value

• Annual Sales: $11.12 billion
• Price / Sales: 2.37
• Cash Flow: $6.54 per share
• Price / Cash Flow: 7.92
• Book Value: $40.32 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 508,720,000
• Free Float: 510,120,000
• Market Cap: $26.36 billion
• Optionable: Optionable
• Beta: 1.02