Teck Resources (TECK) Earning Somewhat Favorable Media Coverage, Study Shows

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:

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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.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.06). The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Teck Resources had a net margin of 20.83% and a return on equity of 13.69%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. equities research analysts predict that Teck Resources will post 3.65 EPS for the current fiscal year.

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.

Insider Buying and Selling by Quarter for Teck Resources (NYSE:TECK)

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