Teck Resources Ltd (TCK) Stake Reduced by Swiss National Bank

Swiss National Bank decreased its stake in Teck Resources Ltd (NYSE:TCK) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,499,879 shares of the company’s stock after selling 7,100 shares during the period. Swiss National Bank owned approximately 0.43% of Teck Resources worth $9,625,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in Teck Resources by 9.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 3,234,232 shares of the company’s stock valued at $12,482,000 after buying an additional 273,237 shares during the period. Korea Investment CORP increased its position in Teck Resources by 6.4% in the fourth quarter. Korea Investment CORP now owns 612,700 shares of the company’s stock valued at $2,355,000 after buying an additional 36,900 shares during the period. Finally, Hexavest Inc. acquired a new position in Teck Resources during the fourth quarter valued at $1,895,000.

Teck Resources Ltd (NYSE:TCK) traded up 1.957% on Tuesday, reaching $8.595. The company’s stock had a trading volume of 4,951,063 shares. Teck Resources Ltd has a 52 week low of $2.56 and a 52 week high of $16.20. The stock’s 50 day moving average is $6.08 and its 200-day moving average is $5.14. The firm’s market capitalization is $4.95 billion.

Over the last five days, shares have gained 5.38% and 94.57% year to date. Shares have underperformed the S&P TSX by 36.99% during the last year.                  http://www.theglobeandmail.com March 23, 2016

Teck Resources (NYSE:TCK) last released its quarterly earnings data on Thursday, February 11th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.23 EPS. Teck Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts predict that Teck Resources Ltd will post ($0.06) EPS for the current year.

Several equities analysts recently weighed in on TCK shares. Paradigm Capital upgraded Teck Resources from a “hold” rating to a “buy” rating in a research report on Sunday, February 14th. Zacks Investment Research upgraded Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 18th. Scotiabank restated a “sector perform” rating and set a $8.00 price target (down from $8.50) on shares of Teck Resources in a research note on Tuesday, February 16th. Canaccord Genuity lowered Teck Resources from a “hold” rating to a “sell” rating in a research note on Thursday, December 17th. Finally, Nomura dropped their price target on Teck Resources from $6.40 to $4.25 in a research note on Friday, January 8th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Teck Resources currently has a consensus rating of “Hold” and an average target price of $9.47.

Teck Resources Ltd. is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers.

12 Month Chart for NYSE:TCK

Source: Teck Resources Ltd (TCK) Stake Reduced by Swiss National Bank – Financial Market News

Teck Resources Ltd lower today, after setting a new 100-day high

screenshot-www theglobeandmail com 2016-03-08 06-50-26

Teck Resources Ltd is sharply lower today, dropping $0.36 or 3.35% to $10.39 after setting a new 100-day high. Over the last five days, shares have gained 30.53% and 94.57% year to date. Shares have underperformed the S&P TSX by 32.22% during the last year.

Source: http://www.theglobeandmail.com/

 

Citigroup Inc. Trims Teck Resources Ltd (TCK.B) Target Price to C$6.00

December 1st, 2015

Teck Resources Ltd (TSE:TCK.B) had its price target dropped by stock analysts at Citigroup Inc. from C$9.00 to C$6.00 in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock.

Other research analysts have also recently issued research reports about the company.

Credit Suisse reduced their price objective on Teck Resources from C$17.00 to C$13.00 in a research report on Monday, September 21st.

CSFB cut their price target on Teck Resources from C$17.00 to C$13.00 in a report on Monday, September 21st.

Scotiabank dropped their price objective on Teck Resources from C$14.00 to C$10.00 in a research note on Tuesday, September 29th. dropped their price target on Teck Resources from C$11.50 to C$11.00 in a research note on Wednesday, October 21st.

Finally, National Bank Financial decreased their price objective on Teck Resources from C$11.50 to C$11.00 in a research report on Wednesday, October 21st.

Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Teck Resources presently has a consensus rating of “Hold” and a consensus target price of C$12.29.

Source: Citigroup Inc. Trims Teck Resources Ltd (TCK.B) Target Price to C$6.00 – American Banking News

Stocks Tail off By Close

Monday, November 23, 2015

Pfizer-Allergan Deal Still Buzzing

Markets in Canada’s biggest centre gave up their earlier gains Monday , as shares in mining and health-care-related companies went down in price.

The S&P/TSX composite index moved negative 51.11 points to finish the day at 13,382.38

The Canadian dollar shed 0.12 cents at 74.78 cents U.S.

Metals and mining stocks took the biggest bruises, as Teck Resources slid 27 cents, or 4.7%, to $5.53, while Potash Corporation of Saskatchewan lost 34 cents, or 1.3%, to $26.33.

Power generation company TransAlta Corp shares surged 51 cents, or 9.4% to $5.96 after the Alberta government’s move to phase out coal-fired generation by 2030, a timeline that it said would not “strand capital.”

Uncertainty over the uncertainty of the future value of its coal assets in Alberta has hurt the stock price, according to officials with the company.

The Notley government in Alberta said on Sunday it will implement an economy-wide tax on carbon emissions in 2017.

Capital Power, which also operates in Alberta, fell $1.94, or 10.3%, to $16.82.

The overall energy group jumped as Encana Corp advanced 36 cents, or 3.5% to $10.67 and Suncor Energy added seven cents to $36.67.

Shares in Manitoba Telecom Services advanced $1.56, or 5.5%, to $30.15 after it announced a deal to sell its Allstream national fiber-optic network.

Valeant Pharmaceuticals International got roughed up, however, losing $3.98, or 3.3%, to $117.08, after spending a fair bit of the session in positive territory.

Among financials, Royal Bank of Canada slipped 58 cents, or 0.8%, to $75.49 and Manulife Financial Corp gave up 20 cents to $21.67.

ON BAYSTREET

The TSX Venture Exchange remained positive 0.51 points to 521.16.

Eight of the 13 TSX subgroups were lower, as metals and mining skidded 3.9%, health-care was down 1.7%, and industrials moved lower 0.8%.

The five gainers were led by energy stocks, chugging 0.9% higher, telecoms, up 0.6%, and consumer staples, better by 0.5%.

ON WALLSTREET

U.S. stocks traded mostly lower Monday as investors remarked on fluctuations in oil prices and looked ahead to economic reports in the shortened Thanksgiving holiday week.

The Dow Jones industrial average dipped 31.13 points to close at 17,792.68, dragged by declines in Apple, Goldman Sachs and Boeing, while Home Depot chipped in the most in terms of gains.

The S&P 500 gave up 2.58 points to 2,086.59. Energy briefly traded more than 1% higher to lead the S&P 500. Consumer staples and materials were also among the S&P advancers, with Alcoa trading 38 cents, or 4.4% higher to $9.07 U.S.

The NASDAQ index dipped 2.44 points to 5,102.48.

Pfizer traded 2.6% lower to $31.33 U.S. Earlier, the stock briefly fell more than 3% in morning trade after announcing it will buy Allergan for about $160 billion U.S. in the biggest deal ever in the health sector.

The transaction will allow the New York-based drug giant to relocate to Ireland to cut its U.S. tax burden. Shares of Allergan declined 3.4% to close at $301.72.

In other corporate news, activist investor Carl Icahn said insurance giant American International Group is “too big to succeed” and should separate into three public companies. The stock was up 0.9% to $62.76.

In economic news Monday, the Chicago Fed National Activity Index was minus 0.04 in October, up from minus 0.29 in September.

Existing home sales showed a decline of 3.4% in October.

Prices for 10-year U.S. Treasuries gained back lost ground, lowering yields to 2.25% from Friday’s 2.26%. Treasury prices and yields move in opposite directions.

Oil prices were static at $41.90 U.S.

Gold prices ditched $9.04 to $1,068.67 U.S. an ounce

 

Source: Baystreet.ca – Stocks Tail off By Close

Teck Resources Ltd stock closed sharply lower Monday

Teck Resources Ltd closed sharply lower Monday, dropping $0.27 or 4.66% to $5.53. Over the last five days, shares have lost 10.66% and are down 65.18% for the last year to date. This security has underperformed the S&P TSX by 60.83% during the last year.

Source: Stock Quote – The Globe and Mail

Morningstar Gives B+ Credit Rating to Teck Resources (TCK)

November 15, 2015 by in ,

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.

 TCK has been the subject of several other reports. Zacks lowered shares of Teck Resources from a “hold” rating to a “sell” rating in a report on Tuesday, September 29th. Citigroup Inc. restated a “neutral” rating and set a $9.00 target price (up previously from $7.50) on shares of Teck Resources in a report on Sunday, October 18th. CIBC raised shares of Teck Resources from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, October 2nd. RBC Capital reissued an “outperform” rating and issued a $18.00 target price on shares of Teck Resources in a research report on Monday, October 19th. Finally, FBR & Co. initiated coverage on shares of Teck Resources in a research report on Friday, September 18th. They set an “outperform” rating and a $12.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Teck Resources presently has an average rating of “Hold” and a consensus target price of $12.43.

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.

Source: Morningstar Gives B+ Credit Rating to Teck Resources (TCK) | STORM