Teck Resources (NYSE:TCK) has been given a “B+” credit rating by analysts at Morningstar. The investment research firm’s “B+” rating indicates that the company is a high default risk. Morningstar had previously rated Teck Resources at “BBB-“, but recently downgraded their rating. They also gave their stock a three star rating.
Shares of Teck Resources (NYSE:TCK) opened at 4.61 on Friday. The stock’s 50 day moving average is $5.86 and its 200-day moving average is $8.61. Teck Resources has a 12-month low of $4.39 and a 12-month high of $17.88. The firm’s market cap is $2.66 billion.
Teck Resources (NYSE:TCK) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. During the same quarter in the previous year, the business posted $0.28 EPS. The company earned $2.10 billion during the quarter, compared to analyst estimates of $2 billion. The company’s revenue was down 6.6% compared to the same quarter last year. On average, analysts anticipate that Teck Resources will post $0.40 EPS for the current fiscal year.
Teck Resources Limited is engaged in the company of researching, developing, acquiring and producing natural resources. The Organization is concentrated on steelmaking coal, copper, zinc and energy. The Business exports seaborne steelmaking coal and creates mined zinc. The Business also produces molybdenum, lead, silver, and assorted specialty and other metals, chemicals and fertilizers. It explores from its interests in Antamina in Carmen de Andacollo and Peru, Quebrada Blanca in Chile and Duck Pond in Newfoundland. The Organization has around 97.5% interest in Highland Valley Copper. The Organization makes mined zinc, mainly from its Red Dog mine in Alaska, the Antamina mine in northern Peru, and its Pend Oreille mine in Washington State. Its interests are included by its energy assets in the Athabasca oil sands region of northeastern Alberta Frontier oil sands project in various other oil sands leases in the investigation period, for example, Lease 421 Region.