Teck Resources Ltd (NYSE:TECK) is expected to report third quarter earnings results, before market open, on Tuesday 27th October 2020.
Previous Quarter Performance
Teck Resources Ltd recorded income for the second quarter of $ 0.12 per share, from the revenue of $ 1,241.00 million. Wall street analysts are predicting, TECK to report 2Q20 income of $ 1.09 per share from revenue of $ 2540.00 million. The bottom line results missed street analysts by $ 0.97 or 88.99 percent, at the same time, top line results fell short of analysts by $ 1 million or 51.14 percent.
Stock Performance
Shares of Teck Resources Ltd traded up $ 0.14 or 1.02 percent on Friday, reaching $ 13.85 with volume of 3.99 million shares. Teck Resources Ltd has traded high as $ 14.18 and has cracked $ 13.75 on the downward trend
According to the previous trading day, closing price of $ 13.85, representing a 144.82 % increase from the 52 week low of $ 5.60 and a 22.85 % decrease over the 52 week high of $ 17.77.
The company has a market capital of $ 7.35 billion and is part of the Basic Materials sector and Industrial Metals & Minerals industry.
Recent Analyst recommendations
- On 24th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 17.00 target price.
Conference Call
Teck Resources Ltd will be hosting a conference call at 11:00 AM eastern time on 27th October 2020, to discuss its 3Q20 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.
