Teck Resources Ltd (NYSE:TECK) is set to announce second quarter earning results on Thursday 23rd July 2020, before market open.
Previous Quarter Performance
Teck Resources Ltd announced income for the first quarter of $ 0.13 per share, from the revenue of $ 1,773.00 million. Street analysts expected Teck Resources Ltd to report income of $ 1.09 per share on revenue of $ 2540.00 million for the first quarter. The bottom line results missed street analysts by $ 0.96 or 88.07 percent, at the same time, top line results fell short of analysts by $ 767 million or 30.2 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TECK was $ 10.84, representing a 93.57 % increase from the 52 week low of $ 5.60 and a 53.13 % decrease over the 52 week high of $ 23.13.
The company has a market capital of $ 5.70 billion and is part of the Basic Materials sector and Industrial Metals & Minerals industry.
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Recent Analyst recommendations
On 23rd June 2020, maintained by Morgan Stanley at Overweight rating, with $ 11.70 target price.
On 1st June 2020, maintained by Morgan Stanley at Overweight rating, with $ 10.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on April 20, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Conference Call
Teck Resources Ltd will be hosting a conference call at 11:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.teck.com
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The companys principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
