Somewhat Favorable News Coverage Somewhat Unlikely to Impact Teck Resources (TECK) Stock Price
Media coverage about Teck Resources (NYSE:TECK) (TSE:TECK) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Teck Resources earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.5741872825082 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Interesting TECK Put And Call Options For March 16th (nasdaq.com)
- Jim Cramer Weighs In On PGT Innovations, Teck Resources And Amicus Therapeutics – Benzinga (benzinga.com)
- Seven Canadian resource stocks best positioned to rally – The Globe and Mail (theglobeandmail.com)
- Teck Resources Limited, (NYSE: TECK) – Overview on Stock’s Volatility – Stock Watch (stocksnewstimes.com)
- Hot Tickers: TrovaGene, Inc. (TROV), Teck Resources Limited (TECK) – Market Movers (financialqz.com)
Shares of Teck Resources (NYSE:TECK) traded up $1.26 on Monday, reaching $28.59. The company’s stock had a trading volume of 6,620,544 shares, compared to its average volume of 3,840,000. The company has a current ratio of 2.17, a quick ratio of 1.42 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 $28.60. The company has a market cap of $16,440.00, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.31.
The firm also recently disclosed a special dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.3141 dividend. The ex-dividend date was Thursday, December 14th. This represents a yield of 0.72%. Teck Resources’s payout ratio is 4.69%.
Several equities analysts recently commented on the company. Scotiabank upgraded Teck Resources from an “outperform” rating to a “focus list” rating in a research report on Monday. Citigroup downgraded Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. ValuEngine upgraded Teck Resources from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. CIBC initiated coverage on Teck Resources in a research report on Friday, November 17th. They set a “sector outperform” rating for the company. Finally, Zacks Investment Research downgraded Teck Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $28.94.
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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.
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