In today’s session Teck Resources Ltd (USA) (TCK) registered an unusually high (2,034) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TCK increase. With 2,034 contracts traded and 39944 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TCK161118C00019000 closed last at: $1.29 or 20.4% down. The stock decreased 4.89% or $0.88 during the last trading session, hitting $17.11. About 8.26 million shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 201.85% since March 1, 2016 and is uptrending. It has outperformed by 192.60% the S&P500.
Analysts await Teck Resources Ltd (USA) (NYSE:TCK) to report earnings on October, 27. They expect $0.15 EPS, up 275.00% or $0.11 from last year’s $0.04 per share. TCK’s profit will be $86.18 million for 28.52 P/E if the $0.15 EPS becomes a reality.
Teck Resources Ltd (USA) (NYSE:TCK) Ratings Coverage
Out of 15 analysts covering Teck Resources (NYSE:TCK), 4 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 27% are positive. $20 is the highest target while $4 is the lowest. The $10.69 average target is -37.52% below today’s ($17.11) stock price. Teck Resources has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Thursday, January 14 the stock rating was downgraded by Barclays Capital to “Underweight”. Raymond James upgraded the stock to “Market Perform” rating in Thursday, August 4 report. On Friday, September 18 the stock rating was initiated by FBR Capital with “Outperform”. As per Monday, July 18, the company rating was upgraded by Clarkson Platou. The rating was maintained by Scotia Capital with “Sector Perform” on Thursday, July 23. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 19 report. The stock of Teck Resources Ltd (USA) (NYSE:TCK) has “Underperform” rating given on Thursday, March 24 by Raymond James. Morgan Stanley upgraded Teck Resources Ltd (USA) (NYSE:TCK) on Thursday, September 15 to “Equal-Weight” rating. The rating was upgraded by BB&T Capital on Friday, October 23 to “Buy”. As per Friday, October 23, the company rating was downgraded by Deutsche Bank.
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has a market cap of $9.83 billion. The Firm operates through five divisions: steelmaking coal, copper, zinc, energy and corporate. It currently has negative earnings. Through its interests in mining and processing activities in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.
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