Somewhat Favorable News Coverage Somewhat Unlikely to Impact Teck Resources (NYSE:TECK) Share Price

Media coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.5041001004271 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern’s rankings:

TECK has been the subject of several research reports. Zacks Investment Research downgraded Teck Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine downgraded Teck Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Morgan Stanley dropped their target price on Teck Resources from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 1st. Finally, MKM Partners set a $35.00 price objective on Teck Resources and gave the stock a “buy” rating in a research report on Wednesday, June 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.94.

NYSE TECK traded down $0.43 during trading hours on Friday, hitting $22.74. 2,165,300 shares of the company’s stock were exchanged, compared to its average volume of 3,003,807. Teck Resources has a 1-year low of $20.06 and a 1-year high of $30.80. The stock has a market capitalization of $13.57 billion, a P/E ratio of 6.70, a P/E/G ratio of 0.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.38 and a quick ratio of 1.51.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its earnings results on Thursday, July 26th. The basic materials company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. Teck Resources had a return on equity of 13.56% and a net margin of 22.12%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. equities analysts expect that Teck Resources will post 3.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.038 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.15 dividend on an annualized basis and a yield of 0.67%. Teck Resources’s dividend payout ratio (DPR) is presently 4.37%.

About Teck Resources

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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