Media headlines about Teck Resources (NYSE:TECK) (TSE:TECK) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.0762983246138 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Technical Indicators in Focus – Teck Resources Limited (NYSE: TECK) – Stocks Pen (stockspen.com)
- Teck Resources Ltd (TECK) PT Lowered to $32 at MKM Partners – StreetInsider.com (streetinsider.com)
- ‘Bad policy’: Commodity producers push back against calls for Ottawa to intervene in grain backlog (business.financialpost.com)
- U.S. steel import curbs could scuttle India’s export ambitions: minister (reuters.com)
- Teck restart coal dryer at its Elkview (steelguru.com)
Shares of Teck Resources (TECK) traded up $0.46 on Wednesday, reaching $27.41. 2,071,506 shares of the company’s stock were exchanged, compared to its average volume of 3,850,000. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.81. Teck Resources has a 1 year low of $14.56 and a 1 year high of $30.80. The company has a market capitalization of $15,720.00, a price-to-earnings ratio of 8.18, a P/E/G ratio of 0.72 and a beta of 1.37.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Teck Resources’s previous quarterly dividend of $0.04. Teck Resources’s payout ratio is currently 4.78%.
TECK has been the subject of a number of analyst reports. Scotiabank upgraded shares of Teck Resources from an “outperform” rating to a “focus list” rating in a report on Monday, January 8th. ValuEngine upgraded shares of Teck Resources from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Teck Resources from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, March 7th. Bank of America lowered shares of Teck Resources to a “hold” rating in a research note on Tuesday, February 20th. They noted that the move was a valuation call. Finally, Clarkson Capital lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $30.06.
Teck Resources Company Profile
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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