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Teck Resources (NYSE:TECK) (TSE:TECK) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.61 earnings per share for the quarter, missing badysts’ consensus estimates of $0.72 by ($0.11), MarketWatch Earnings reports. The business had revenue of $2.46 billion for the quarter, compared to badyst estimates of $2.40 billion. Teck Resources had a return on equity of 13.56% and a net margin of 22.12%.
Shares of Teck Resources stock traded down $0.02 on Friday, reaching $19.00. The company had a trading volume of 325,148 shares, compared to its average volume of 3,027,376. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. Teck Resources has a 52-week low of $18.86 and a 52-week high of $30.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.38.
TECK has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Clarkson Capital upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating in a report on Tuesday, September 11th. Deutsche Bank set a $34.00 target price on shares of Teck Resources and gave the company a “buy” rating in a report on Saturday, September 22nd. ValuEngine upgraded shares of Teck Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, Seaport Global Securities upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, October 15th. One investment badyst has rated the stock with a sell rating, five have issued a hold rating, eleven have badigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.94.
About Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company’s principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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