Teck Resources (TSE:TCK) Upgraded to Strong-Buy by BMO Capital Markets

BMO Capital Markets upgraded shares of Teck Resources (TSE:TCK) from a hold rating to a strong-buy rating in a report issued on Monday morning, Zacks.com reports.

Separately, Eight Capital cut shares of Teck Resources from a strong-buy rating to a hold rating in a research note on Thursday, July 11th.

Teck Resources Stock Performance

Teck Resources (TSE:TCK) last posted its earnings results on Thursday, April 25th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.18 by C($0.43). The company had revenue of C$3.99 billion during the quarter, compared to analyst estimates of C$4.08 billion.

Teck Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, September 13th. This represents a $0.50 annualized dividend and a yield of ∞.