Analysts Set Teck Resources Ltd (NYSE:TECK) PT at $27.42

Xavier Trudeau
Juillet 17, 2017

About 23,919 shares traded. Teck Resources had a return on equity of 10.02% and a net margin of 14.37%.

Guardian Capital Advisors Lp decreased Teck Resources Ltd (TCK) stake by 34.69% reported in 2016Q4 SEC filing. Impala Asset Management Llc who had been investing in Teck Resources Ltd for a number of months, seems to be less bullish one the $11.20B market cap company. The Scheer Rowlett & Associates Investment Management Ltd holds 564,870 shares with $11.32M value, down from 683,200 last quarter. The stock rose 1.10% or $0.21 reaching $19.34. Another trade for 2,000 shares valued at $13,204 was bought by McFadden Joseph Hugh.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its earnings results on Tuesday, April 25th. It has underperformed by 16.70% the S&P500. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Teck Resources in a research report on Monday, June 5th. This is assuming the current $0.97 EPS is accurate. After $0.88 actual EPS reported by Teck Resources Ltd (USA) for the previous quarter, Wall Street now forecasts 10.23% EPS growth. Therefore 47% are positive.

Teck Resources Ltd (TSE:TECK.B) had its price target lowered by investment analysts at Berenberg Bank from C$37.50 to C$33.00 in a report released on Wednesday. The stock has "Strong Buy" rating by Raymond James on Tuesday, August 9. JP Morgan has "Neutral" rating and $8 target. The rating was upgraded by FBR Capital to "Outperform" on Monday, January 23. As per Tuesday, October 18, the company rating was upgraded by National Bank Canada. The rating was maintained by TheStreet with "Hold" on Friday, October 16. Barclays Capital upgraded the stock to "Overweight" rating in Thursday, November 17 report. Goldman Sachs upgraded the stock to "Buy" rating in Tuesday, November 15 report. The firm has "Sector Perform" rating by RBC Capital Markets given on Friday, August 12.

Investors sentiment increased to 1.84 in Q4 2016. Its down 0.33, from 1.72 in 2016Q3. 29 funds opened positions while 68 raised stakes. (NYSE:MNR) for 30,700 shares. Dimensional Fund L P has 2.30 million shares for 0.01% of their portfolio. Citigroup Inc holds 0% of its portfolio in RigNet Inc (NASDAQ:RNET) for 12,813 shares. (NYSE:MNR) for 57,349 shares. Retail Bank Of America De holds 1,736 shares or 0% of its portfolio. Renaissance Technology Ltd Liability Corporation reported 430,600 shares stake. Highlander Capital Mngmt Ltd Liability stated it has 15,000 shares. Mraz Amerine & Assocs owns 76,978 shares for 0.37% of their portfolio. Moreover, Ancora Limited Co has 0% invested in Monmouth R.E. Inv. Corp. Aristotle Boston Ltd Com holds 0.45% in Bancorp Inc (NASDAQ:TBBK) or 422,057 shares. Therefore 0 are positive. The stock has a consensus rating of Buy and a consensus price target of $25.89.

Investors wait Teck Resources Ltd (USA) (NYSE:TECK) to report on July, 27. its quarterly earnings This translates into $565.83 million profit for TECK giving the stock a 4.95 P/E. (NYSE:MNR) earned "Buy" rating by Janney Capital on Tuesday, July 19.

Since March 21, 2017, it had 0 insider purchases, and 4 insider sales for $190,327 activity. Wunderlich maintained the shares of MNR in report on Monday, August 10 with "Buy" rating. (NYSE:MNR) has "Buy" rating given on Friday, May 6 by Wunderlich. The firm earned "Buy" rating on Friday, August 5 by Wunderlich. The Firm has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs). It has a 9.37 P/E ratio.

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