Teck Resources Ltd (USA) (TCK) is Upgraded by Berenberg to Hold

Teck Resources Ltd (USA) (TCK) was Upgraded by Berenberg to ” Hold”. Earlier the firm had a rating of “Sell ” on the company shares. Berenberg advised their investors in a research report released on Nov 30, 2016.

Many Wall Street Analysts have commented on Teck Resources Ltd (USA). Teck Resources Ltd (USA) was Upgraded by Barclays to ” Overweight” on Nov 17, 2016. Company shares were Reiterated by Deutsche Bank on Nov 16, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Teck Resources Ltd (USA) was Upgraded by Goldman to ” Buy” on Nov 15, 2016.

On the company’s financial health, Teck Resources Ltd (USA) reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.28. The company had revenue of $2305.00 million for the quarter, compared to analysts expectations of $2223.06 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Teck Resources Ltd (USA) closed down -0.62 points or -2.40% at $25.2 with 68,98,807 shares getting traded on Tuesday. Post opening the session at $25.21, the shares hit an intraday low of $24.87 and an intraday high of $25.57 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Investors should note that on Nov 23, 2016, Teck Resources Ltd (USA) announced a cash dividend of $0.0500. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Dec 30, 2016.

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. It explores for copper from its interests in Antamina in Peru Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper. The Company produces mined zinc primarily from its Red Dog mine in Alaska the Antamina mine in northern Peru and its Pend Oreille mine in Washington State. Its energy assets in the Athabasca oil sands region of northeastern Alberta include its interests in the Fort Hills oil sands project Frontier oil sands project in various other oil sands leases in the exploration phase including the Lease 421 Area.

Teck Resources Ltd (USA)

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