Could Teck Resources Ltd (USA) Increase After Today’s Tip From Option Traders?

 Could Teck Resources Ltd (USA) Increase After Today's Tip From Option Traders?

In today’s session Teck Resources Ltd (USA) (TCK) recorded an unusually high (588) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious TCK decrease. With 588 contracts traded and 234 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: TCK161216P00026500 closed last at: $1.8 or 6.7% down. About 4.61M shares traded hands. Teck Resources Ltd (USA) (NYSE:TCK) has risen 149.90% since April 25, 2016 and is uptrending. It has outperformed by 143.89% the S&P500.

Analysts await Teck Resources Ltd (USA) (NYSE:TCK) to report earnings on February, 9. They expect $0.97 EPS, up 4,750.00% or $0.95 from last year’s $0.02 per share. TCK’s profit will be $556.52 million for 6.71 P/E if the $0.97 EPS becomes a reality. After $0.20 actual EPS reported by Teck Resources Ltd (USA) for the previous quarter, Wall Street now forecasts 385.00% EPS growth.

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

Out of 18 analysts covering Teck Resources (NYSE:TCK), 9 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 50% are positive. Teck Resources has been the topic of 32 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Underperform” rating by Raymond James on Thursday, March 24. Deutsche Bank upgraded the stock to “Hold” rating in Monday, October 3 report. On Thursday, May 19 the stock rating was initiated by Goldman Sachs with “Buy”. Barclays Capital upgraded Teck Resources Ltd (USA) (NYSE:TCK) on Thursday, November 17 to “Overweight” rating. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Mkt Perform” rating by FBR Capital on Wednesday, July 20. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Neutral” rating by Citigroup on Monday, November 7. The rating was upgraded by BB&T Capital on Friday, October 23 to “Buy”. The company was maintained on Friday, July 24 by Cowen & Co. The firm earned “Market Perform” rating on Thursday, August 4 by Raymond James. Deutsche Bank downgraded the stock to “Sell” rating in Friday, October 23 report.

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 $14.94 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: Investorplace.com which released: “Investing in the Trump Economy: Coal and Teck Resources Ltd (USA) (TCK)” on November 22, 2016, also Fool.ca with their article: “Teck Resources Ltd.: Next Stop $40?” published on October 12, 2016, Fool.ca published: “Trump Effect Driving Copper Higher: Time to Buy Teck Resources Ltd.?” on November 10, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “What’s Next for Teck Resources Ltd.?” published on October 20, 2016 as well as Fool.ca‘s news article titled: “Teck Resources Ltd.: Should You Buy Ahead of the Q3 Report?” with publication date: October 25, 2016.

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