Teck Resources (TECK) Projected to Post Quarterly Earnings on Thursday

Teck Resources (NYSE:TECK) (TSE:TECK) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Teck Resources to post earnings of $0.26 per share and revenue of $2.58 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Teck Resources Price Performance

Teck Resources stock opened at $43.15 on Wednesday. The business’s 50-day simple moving average is $42.16 and its 200 day simple moving average is $45.79. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 65.37 and a beta of 1.02. Teck Resources has a 12-month low of $37.30 and a 12-month high of $55.13. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group cut Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, November 11th. Raymond James decreased their price target on Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. StockNews.com upgraded Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered 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. Finally, National Bank Financial lowered Teck Resources from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.38.

About Teck Resources

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.