Teck Resources (TSE:TCK) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of Teck Resources (TSE:TCK) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports.

Several other brokerages have also weighed in on TCK. Eight Capital lowered shares of Teck Resources from a strong-buy rating to a hold rating in a research report on Thursday, July 11th. Paradigm Capital upgraded shares of Teck Resources to a moderate buy rating in a research report on Friday, July 26th. BMO Capital Markets upgraded shares of Teck Resources from a hold rating to a strong-buy rating in a research report on Monday, July 15th. Finally, TD Securities upgraded shares of Teck Resources to a strong-buy rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last posted its quarterly earnings data on Wednesday, July 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.64 by C$0.15. The company had revenue of C$3.87 billion for the quarter, compared to the consensus estimate of C$3.98 billion.

Teck Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, September 13th.