Teck Resources Receives “Strong-Buy” RatingTeck Resources Receives “Strong-Buy” Rating Teck Resources (TSE:TCK) has been upgraded to a “strong-buy” rating by BMO Capital Markets, up from a previous “hold” rating. The upgrade was announced in a report issued on Monday and reported by Zacks.com. Separately, on July 11th, Eight Capital downgraded Teck Resources from a “strong-buy” to a “hold” rating. Company Performance Teck Resources recently released its quarterly results for the period ending April 25th. The company reported earnings per share of C$0.75, falling short of analysts’ estimates of C$1.18. Revenue for the quarter came in at C$3.99 billion, below the C$4.08 billion analyst projections. Analyst Commentary BMO Capital Markets’ upgrade cites Teck Resources’ strong fundamentals and positive outlook for the mining sector. Eight Capital’s downgrade, however, expresses concerns about the company’s ability to maintain current production levels in the face of rising costs and geopolitical uncertainty. Daily News and Analysis To stay informed about the latest developments with Teck Resources, consider signing up for MarketBeat.com’s daily email newsletter. This free service provides subscribers with a concise summary of news and analyst ratings on Teck Resources and related companies.
Teck Resources (TSE:TCK – Get Free Report) was upgraded to a “strong-buy” rating by securities analysts at BMO Capital Markets from a “hold” rating in a report issued Monday, Zacks.com reports.
Separately, Eight Capital downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th.
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Teck Resources Price Performance
Teck Resources (TSE:TCK – Get Free Report) last released its quarterly results on Thursday, April 25. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.18 by C($0.43). The company had revenue of C$3.99 billion for the quarter, compared to analysts’ estimates of C$4.08 billion.
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