Teck Resources (TECK) Projected to Post Earnings on Thursday

Teck Resources (NYSE:TECK) (TSE:TECK) is projected to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $2.58 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Teck Resources Stock Performance

Teck Resources stock opened at $42.98 on Thursday. The stock has a market cap of $21.44 billion, a PE ratio of 65.12 and a beta of 1.02. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. Teck Resources has a 12-month low of $36.50 and a 12-month high of $55.13. The business’s 50-day moving average price is $42.30 and its two-hundred day moving average price is $45.90.

Teck Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.0895 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, December 13th. Teck Resources’s dividend payout ratio (DPR) is presently 53.03%.

Analyst Ratings Changes

A number of analysts have weighed in on TECK shares. JPMorgan Chase & Co. cut their target price on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. UBS Group lowered Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft downgraded Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research report on Friday, October 25th. National Bank Financial cut Teck Resources from an “outperform” rating to a “sector perform” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Teck Resources has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

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.