2 weeks Ago By Defense World Staff
Teck Resources ( NYSE:TECK – Get Free Report ) (TSE:TECK) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat reports. A number of other equities research analysts have also commented on TECK. Benchmark reiterated a “buy” rating and set a $55.
00 price target on shares of Teck Resources in a report on Thursday, July 25th. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.
Deutsche Bank Aktiengesellschaft cut Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Friday, October 25th.
Citigroup upgraded Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets began coverage on Teck Resources in a research note on Monday, July 15th. They set an “outperform” rating on the stock.
Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.29.
Get Our Latest Research Report on TECK Teck Resources Stock Down 2.4 % Teck Resources ( NYSE:TECK – Get Free Report ) (TSE:TECK) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.
60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.24.
The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.09 billion.
Teck Resources had a return on equity of 6.37% and a net margin of 3.32%.
Teck Resources’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period last year, the company earned $0.
57 EPS. On average, equities analysts expect that Teck Resources will post 1.91 EPS for the current year.
Institutional Inflows and Outflows Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Teck Resources in the 2nd quarter worth about $38,000. Eastern Bank purchased a new stake in shares of Teck Resources during the 3rd quarter valued at about $39,000.
Bruce G. Allen Investments LLC grew its stake in shares of Teck Resources by 77.4% in the third quarter.
Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 383 shares during the period. Blue Trust Inc.
raised its holdings in shares of Teck Resources by 583.1% during the second quarter. Blue Trust Inc.
now owns 1,052 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 898 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in Teck Resources by 69.
7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 409 shares during the period.
Hedge funds and other institutional investors own 78.06% of the company’s stock. About Teck Resources ( Get Free Report ) Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America.
The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen. See Also Five stocks we like better than Teck Resources What is Short Interest? How to Use It Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025 What to Know About Investing in Penny Stocks Is Tesla’s Valuation a Bubble or Backed by Real Growth? 3 REITs to Buy and Hold for the Long Term Trucking Stocks Led the Pack Last Week: Can They Keep Rolling? Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.
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