Teck Resources Limited (NYSE:TECK) - Lookout for Relative Strength Index

Elias Hubbard
September 24, 2017

The company has a market cap of $12.69 billion, a PE ratio of 7.78 and a beta of 1.25.

Teck Resources Limited (TECK) belonging to the Basic Materials sector has surged 0.05% and closed its last trading session at $21.81. Axiom Capital initiated Teck Resources Ltd (USA) (NYSE:TECK) on Monday, September 18 with "Sell" rating. It has underperformed by 16.70% the S&P500.

Salem Capital Management Inc increased International Paper (IP) stake by 4.59% reported in 2017Q2 SEC filing. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company is a seaborne exporter of steelmaking coal, and producer of copper and mined zinc. The company has market cap of $208.75 million. The stock increased 0.69% or $0.15 on September 22, reaching $21.96. About shares traded. Delta Air Lines, Inc. The original version of this story can be read at https://www.dispatchtribunal.com/2017/09/23/american-century-companies-inc-takes-6-82-million-position-in-teck-resources-ltd-teck.html.

Among 19 analysts covering Teck Resources (NYSE:TCK), 9 have Buy rating, 2 Sell and 8 Hold. More interesting news about Teck Resources Ltd (USA) (NYSE:TECK) were released by: Fool.ca and their article: "Why Did Teck Resources Ltd". The ex-dividend date is Thursday, September 14th. Letko Brosseau & Associates Inc. bought a new stake in Teck Resources in the second quarter valued at $237,787,000. The firm set "Sell" rating on the stock. Therefore 91% are positive.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Thursday, July 27th. Macquarie Research upgraded Teck Resources Ltd (USA) (NYSE:TECK) on Tuesday, December 20 to "Outperform" rating. Finally, Bank of America Corporation cut shares of Teck Resources from a "buy" rating to a "neutral" rating and reduced their price target for the company from $27.00 to $19.00 in a research report on Friday, June 9th.

According to Financial Times, The 14 analysts offering 12 month price targets for Groupon Inc have a median target of 4.40, with a high estimate of 6.00 and a low estimate of 3.10. "Acquires New Holdings in Teck Resources Ltd (NYSE:TECK)" was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. As per Friday, October 23, the company rating was downgraded by Deutsche Bank. TD Securities upgraded the stock to "Buy" rating in Friday, April 1 report. M Partners initiated it with "Buy" rating and $29.0 target in Tuesday, December 20 report. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Barclays Capital upgraded the shares of TCK in report on Thursday, November 17 to "Overweight" rating. Analysts forecast that Teck Resources Ltd will post $3.50 EPS for the current fiscal year. While in the same Quarter Previous year, the Actual EPS was $0.21.

Analysts expect Teck Resources Ltd (USA) (NYSE:TECK) to report $0.81 EPS on October, 26.They anticipate $0.61 EPS change or 305.00% from last quarter's $0.2 EPS.

Investors sentiment increased to 1.03 in Q2 2017. 1 analysts call it Underweight, while 0 think it is Overweight. 68 funds opened positions while 233 raised stakes.

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