Press coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Teck Resources earned a news impact score of 0.10 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.0762983246138 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Teck raises stake in Quebrada Blanca copper mine in $162M deal (seekingalpha.com)
- Hiap Teck sells stake in of Eastern Steel to Jianlong Industry (steelguru.com)
- Teck ups controlling stake in Quebrada Blanca copper mine (bnamericas.com)
- Teck doubles down on Chile copper mine investment with an eye on electric vehicle demand (business.financialpost.com)
- Teck lifts Quebrada Blanca Phase 2 ownership to 90% (miningweekly.com)
Shares of NYSE TECK opened at $26.39 on Friday. The stock has a market capitalization of $14,629.00, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.68 and a beta of 1.50. The company has a quick ratio of 1.19, a current ratio of 1.81 and a debt-to-equity ratio of 0.32. Teck Resources has a 52 week low of $14.56 and a 52 week high of $30.80.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from Teck Resources’s previous quarterly dividend of $0.04. Teck Resources’s dividend payout ratio (DPR) is 4.66%.
Several analysts have recently commented on TECK shares. Zacks Investment Research upgraded shares of Teck Resources from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, January 31st. Bank of America set a $36.00 target price on shares of Teck Resources and gave the company a “buy” rating in a research note on Friday, February 9th. ValuEngine cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 2nd. Morgan Stanley raised their target price on shares of Teck Resources from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 28th. Finally, Scotiabank upgraded shares of Teck Resources from an “outperform” rating to a “focus list” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $30.35.
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About Teck Resources
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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