Teck Resources (TECK) Projected to Post Quarterly Earnings on Thursday

Teck Resources (NYSE:TECK) (TSE:TECK) is expected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $2.58 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Teck Resources Stock Performance

Shares of NYSE TECK opened at $43.15 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. Teck Resources has a 12 month low of $37.30 and a 12 month high of $55.13. The stock has a 50 day moving average of $42.16 and a 200-day moving average of $45.79. The company has a market capitalization of $21.52 billion, a P/E ratio of 65.37 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TECK shares. National Bank Financial downgraded Teck Resources from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft downgraded Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Friday, October 25th. Raymond James reduced their price target on Teck Resources from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. StockNews.com upgraded Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, UBS Group downgraded Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $65.38.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.