Teck Resources (TSE:TCK) Rating Increased to Hold at Citigroup

Citigroup upgraded shares of Teck Resources (TSE:TCK) to a hold rating in a report issued on Wednesday, Zacks.com reports.

A number of other research firms have also recently issued reports on TCK. TD Securities upgraded shares of Teck Resources to a strong-buy rating in a research note on Tuesday, July 16th. UBS Group raised shares of Teck Resources from a hold rating to a strong-buy rating in a research note on Wednesday, September 4th. Paradigm Capital upgraded shares of Teck Resources to a moderate buy rating in a report on Friday, July 26th. Eight Capital lowered Teck Resources from a strong-buy rating to a hold rating in a report on Thursday, July 11th. Finally, BMO Capital Markets raised Teck Resources from a hold rating to a strong-buy rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C$0.79 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.64 by C$0.15. The firm had revenue of C$3.87 billion for the quarter, compared to analysts’ expectations of C$3.98 billion.

Teck Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, September 13th.