Teck Resources Limited (TECK)
Chart Events
Performance Outlook
| Previous Close | 24.49 |
| Open | 24.67 |
| Bid | 25.70 x 4000 |
| Ask | 25.60 x 1200 |
| Day's Range | 24.50 - 25.50 |
| 52 Week Range | 9.09 - 26.72 |
| Volume | 6,089,973 |
| Avg. Volume | 5,574,639 |
| Market Cap | 13.526B |
| Beta (5Y Monthly) | 1.18 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.38 |
| Earnings Date | Jul 27, 2021 |
| Forward Dividend & Yield | 0.16 (0.63%) |
| Ex-Dividend Date | Jun 14, 2021 |
| 1y Target Est | 32.12 |
Fair Value
Related Research
- Bloomberg
Einhorn Touts Teck Resources With Copper Rally Enduring
(Bloomberg) -- Greenlight Capital’s David Einhorn said he recommend shares of Canadian miner Teck Resources Ltd. amid strong demand for copper and other commodities.The pipeline of potential new copper capacity is low, and it takes a long time to create new mines, the hedge fund manager said Wednesday at the Sohn Investment Conference, which was held virtually this year. Demand is poised to outstrip supply in 2024, leading to higher copper prices, Einhorn said.The gathering pace of a global recovery from the pandemic has driven up the prices of commodities from copper to corn, with the Bloomberg Commodity Spot Index climbing to a decade high.Einhorn, 52, ticked off several catalysts for higher copper prices, including Bitcoin mining and a “gold rush” in electric vehicles, which contain four-times more copper than conventional cars. Vast amounts of copper wiring are also needed in roadside chargers to keep them running.Teck Resources, which Einhorn described as “overlooked,” has underperformed mining peer Freeport-McMoran Inc. over the past year. Teck trades at two-third of Freeport’s price-to-earnings multiple “and has much better growth prospects,” he said, noting that the Vancouver-based company is in the middle of an expansion project in Chile.Its stock has surged about 190% in the past year, while Freeport-McMoran has almost quintupled.Greenlight began building its Teck stake in the second-quarter of 2020, regulatory filings show. The miner’s shares, currently trading at about C$25, are worth roughly C$59 apiece with copper at $4.50 a pound, Einhorn said. Copper for July deliver is currently trading at about $4.73 a pound in New York.Greenlight, which oversaw $2.2 billion at the start of the year, gained 2.4% through April, according to a person familiar with the matter. While Einhorn’s value-investing strategy has fallen out of step with markets in recent years, he has vowed to rework his portfolio by making fewer, more concentrated bets.For more on the Sohn Investment Conference, click here for our TOPLive blog.(Updates with investment rationale in fifth paragraph, stock performance in sixth.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- GlobeNewswire
Teck Donates $500,000 to UNICEF Canada to Support COVID-19 Response in India
VANCOUVER, British Columbia, May 12, 2021 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced a $500,000 contribution to UNICEF Canada in support of life-saving COVID-19 response efforts in India. “Our donation to UNICEF Canada will go towards the immediate life-saving response as well as long-term hospital infrastructure in the most impacted areas of India,” said Don Lindsay, President and CEO, Teck. “COVID-19 is taking a terrible toll on the people of India and our hearts go out to them. This funding will go towards urgent healthcare requirements and help support those most in need during this incredibly challenging time.” “We are grateful to Teck for taking immediate action to meet the most pressing needs of families in India. With the COVID-19 case count rising by the minute in India, UNICEF is racing to avert further tragic loss of life and to protect children’s futures,” said David Morley, President & CEO of UNICEF Canada. “Teck’s generous contribution will enable us to increase access to life-saving oxygen in India while also helping to provide the infrastructure to allow medical facilities across the country be better equipped to treat patients for years to come.” The funding will be directed by UNICEF Canada for support initiatives in India including procurement of: Increasing access to life-saving oxygen: A new on-site Oxygen Generation Plant (OGP) can provide enough oxygen for a 500 bed hospital. Hospitals treating severe/critical cases will be prioritized – but with a lifespan of 20 years, each OGP unit will continue to save lives of ill patients for years to come, including neonatal and obstetric care, surgery and intensive care. Boosting testing capacity: By procuring additional RT-PCR machines UNICEF will help boost test processing capacity in some of the worst affected districts. Lasting up to 10 years, each new testing unit will not only speed up identification and treatment of COVID-19 infections, but provide a legacy for testing for other deadly diseases such as TB, HIV, HPV and streptococcus, when COVID-19 declines. UNICEF Canada support will focus on the most affected regions of India. This donation is part of Teck’s $20 million COVID-19 Response Fund, supporting critical social initiatives and increased healthcare capacity in the communities in which Teck operates and globally. Through the fund, Teck has also made a $1 million contribution to UNICEF Canada in support of the Access to COVID-19 Tools (ACT) Accelerator, a global partnership dedicated to the equitable distribution of vaccines, treatment and testing for COVID-19. Teck further donated $500,000 to UNICEF (in collaboration with the World Health Organization Solidarity Response Fund) to provide critical medical and sanitation supplies, equipment and training in over 180 countries. For more information on Teck’s response to COVID-19, visit teck.com/updates. About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Green metals and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources. About UNICEFUNICEF is the world’s leading humanitarian organization focused on children. We work in the most challenging areas to provide protection, healthcare and immunizations, education, safe water and sanitation and nutrition. As part of the United Nations, our unrivaled reach spans more than 190 countries and territories, ensuring we are on the ground to help the most disadvantaged children. While part of the UN system, UNICEF relies entirely on voluntary donations to finance our life-saving work. Please visit unicef.ca and follow us on Twitter, Facebook and Instagram. Teck Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com UNICEF Canada Media Contact:Marie-Claude RouillardCommunications Manager514.232.4510MRouillard@unicef.ca
- GlobeNewswire
Teck Media and Investor Webcast Advisory
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay will be presenting at the Bank of America Securities Global Metals, Mining & Steel conference on Tuesday, May 18, 2021 at 1:00 p.m. Eastern/10:00 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units. The presentation will be webcast through the following link at:http://www.veracast.com/webcasts/bofa/globalmetalsminingandsteel2021/id6Y0v4F.cfm. Alternatively, the webcast with supporting slides will be available on Teck’s website at: www.teck.com. About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Green metals and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources. Investor Contact:Ellen LaiCoordinator, Investor Relations604.699.4257ellen.lai@teck.com Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com
