Teck Resources Limited (TECK-A.TO)
| Previous close | 62.13 |
| Open | 62.09 |
| Bid | 62.00 x 0 |
| Ask | 63.00 x 0 |
| Day's range | 62.01 - 62.65 |
| 52-week range | 44.46 - 106.80 |
| Volume | |
| Avg. volume | 3,055 |
| Market cap | 32.245B |
| Beta (5Y monthly) | 1.44 |
| PE ratio (TTM) | 13.41 |
| EPS (TTM) | 4.64 |
| Earnings date | N/A |
| Forward dividend & yield | 0.50 (0.80%) |
| Ex-dividend date | 14 Mar 2024 |
| 1y target est | N/A |
ZacksTeck Resources Ltd (TECK) Misses Q1 Earnings and Revenue Estimates
Teck Resources (TECK) delivered earnings and revenue surprises of -22.22% and 1.03%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
UPDATE 2-Canada's Teck misses Q1 profit on lower steelmaking coal sales
Canadian miner Teck Resources missed first-quarter profit estimates on Thursday, pulled down partly by lacklustre steelmaking coal sales volumes and lower zinc prices. of the business to Swiss miner Glencore Plc, and said it was shifting its strategy towards building its copper business. The miner reported a 74% rise in copper production at 99,000 tonnes in the first quarter, helped by ramp-up in output at its Quebrada Blanca (QB) mine in Chile.
ReutersCanada's Teck misses Q1 profit on lower steelmaking coal sales
Teck, one of the leading producers of steelmaking coal, last year announced the sale of the business to Swiss miner Glencore Plc, and said it was shifting its strategy towards building its copper business. The miner reported a 74% rise in copper production at 99,000 tonnes in the first quarter, helped by ramp-up in output at its Quebrada Blanca (QB) mine in Chile. "We had strong first quarter performance...with steadily increasing quarterly copper production as QB ramp-up advances," CEO Jonathan Price said in a statement.
