Major Move Is Coming For Teck Resources Ltd (USA) After Bearish Options Activity


 Major Move Is Coming For Teck Resources Ltd (USA) After Bearish Options Activity

In today’s session Teck Resources Ltd (USA) (TCK) recorded an unusually high (6,088) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious TCK decrease. With 6,088 contracts traded and 113314 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: TCK161118P00017000 closed last at: $1.1 or 20.9% up. About 5.53 million shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 150.60% since March 14, 2016 and is uptrending. It has outperformed by 144.99% 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 $89.62 million for 32.50 P/E if the $0.15 EPS becomes a reality.

Teck Resources Ltd (USA) (NYSE:TCK) Ratings Coverage

Out of 16 analysts covering Teck Resources (NYSE:TCK), 7 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 44% are positive. Teck Resources has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, October 16 by TheStreet. The stock has “Market Perform” rating given by Raymond James on Thursday, August 4. The stock of Teck Resources Ltd (USA) (NYSE:TCK) has “Outperform” rating given on Monday, October 17 by Credit Suisse. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Neutral” rating by JP Morgan on Tuesday, April 19. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 17. The stock of Teck Resources Ltd (USA) (NYSE:TCK) has “Hold” rating given on Monday, October 3 by Deutsche Bank. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Market Perform” rating by FBR Capital on Thursday, April 21. The rating was maintained by FBR Capital on Wednesday, July 20 with “Mkt Perform”. The rating was downgraded by CLSA on Tuesday, April 19 to “Underperform”. The firm earned “Buy” rating on Friday, October 7 by Deutsche Bank.

According to Zacks Investment Research, “Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy. It is a world leader in the production of copper, metallurgical coal and zinc, a significant producer of gold, molybdenum and specialty metals, with interests in several oil sands development assets. Headquartered in Vancouver, Canada, the company has expertise across the full range of activities related to mining, including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. The Company is actively exploring in countries throughout the Americas, Asia Pacific, Europe and Africa. Teck Resources Limited, formerly Teck Cominco Limited, is headquartered in Vancouver, Canada.”

Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The company has a market cap of $11.65 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.

More notable recent Teck Resources Ltd (USA) (NYSE:TCK) news were published by: which released: “Teck Resources Ltd.: Next Stop $40?” on October 12, 2016, also with their article: “How Does China’s Shockingly Bad Trade Data Affect Teck Resources Ltd.?” published on October 14, 2016, published: “Why Teck Resources Ltd. Wants its Credit Rating Back” on October 05, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: and their article: “Teck Resources Ltd.: Why Is the Rally so Strong?” published on September 29, 2016 as well as‘s news article titled: “Teck Resources Ltd.: Is the Rally Just Beginning for This Stock?” with publication date: September 15, 2016.

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