Notable Reporting: Teck Resources Ltd (USA)’s Trend Up, Especially After Today’s Strong Session

Notable Reporting: Teck Resources Ltd (USA)'s Trend Up, Especially After Today's Strong Session

The stock of Teck Resources Ltd (USA) (NYSE:TCK) is a huge mover today! About 1.60M 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.
The move comes after 8 months positive chart setup for the $15.14 billion company. It was reported on Nov, 28 by Barchart.com. We have $27.71 PT which if reached, will make NYSE:TCK worth $757.00 million more.

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 $556.49M for 6.80 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 “Neutral” rating by Citigroup on Monday, November 7. The stock has “Buy” rating given by Deutsche Bank on Friday, October 7. The firm earned “Underperform” rating on Tuesday, April 19 by CLSA. On Friday, September 18 the stock rating was initiated by FBR Capital with “Outperform”. The firm earned “Buy” rating on Thursday, May 19 by Goldman Sachs. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 12. The stock of Teck Resources Ltd (USA) (NYSE:TCK) earned “Sector Perform” rating by Scotia Capital on Thursday, July 23. The rating was upgraded by Credit Suisse to “Outperform” on Monday, October 17. FBR Capital maintained Teck Resources Ltd (USA) (NYSE:TCK) on Wednesday, July 20 with “Mkt Perform” rating. Raymond James upgraded Teck Resources Ltd (USA) (NYSE:TCK) on Thursday, August 4 to “Market Perform” rating.

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.”

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: “Income Investors: Get a 26.4% Yield From Teck Resources Ltd. Yes, Really” published on November 25, 2016, Fool.ca published: “Teck Resources Ltd.: Next Stop $40?” on October 12, 2016. More interesting news about Teck Resources Ltd (USA) (NYSE:TCK) were released by: Fool.ca and their article: “Trump Effect Driving Copper Higher: Time to Buy Teck Resources Ltd.?” published on November 10, 2016 as well as Fool.ca‘s news article titled: “What’s Next for Teck Resources Ltd.?” with publication date: October 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment