15.80 -0.10 (-0.63%)
After hours: 4:45PM EST
|Bid||15.83 x 3200|
|Ask||15.89 x 800|
|Day's Range||15.67 - 16.23|
|52 Week Range||14.51 - 25.75|
|Beta (3Y Monthly)||2.66|
|PE Ratio (TTM)||3.56|
|Forward Dividend & Yield||0.15 (0.94%)|
|1y Target Est||32.12|
VANCOUVER, British Columbia, Nov. 13, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it will pay an eligible dividend of.
Investors who take an interest in Teck Resources Limited (TSE:TECK.B) should definitely note that the Senior Vice...
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,369.32, up 33.39 points).Zenabis Global Inc. (TSX:ZENA). Health care. Down 19.5 cents, or 39.8 per cent, to 29.5 cents on 16.8 million shares.Encana Corp. (TSX:ECA). Energy. Up 10 cents, or 1.88 per cent, to $5.43 on 7 million shares.Yamana Gold Inc. (TSX:YRI). Materials. Up 13 cents, or 3.02 per cent, to $4.44 on 5.2 million shares.B2Gold Corp. (TSX:BTO). Materials. Up seven cents, or 1.65 per cent, to $4.32 on 4.2 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up three cents, or 0.62 per cent, to $4.85 on 4.1 million shares.Husky Energy Inc. (TSX:HSE). Energy. Down 63 cents, or 6.62 per cent, to $8.89 on 3.9 million shares. Companies in the news:Hexo Corp. (TSX:HEXO). Down 20 cents or 5.7 per cent to $3.31. Cannabis company Hexo Corp. is reducing its workforce by 200 jobs to adjust for expected future revenues and "ensure the long-term viability" of the firm, its chief executive said. The announcement comes two weeks after Hexo cut its net revenue forecast for the fourth quarter and withdrew its 2020 outlook, citing factors including slower-than-expected pot store rollouts and early signs of pricing pressure. Hexo, based in Gatineau, Que., had 822 employees as of April 30, according to a filing from its third-quarter financial results. Chief executive Sebastien St-Louis said it was his "hardest day" at the company.Teck Resources Ltd. (TSX:TECK.B). Down $1.09 or 4.9 per cent to $20.95. Teck Resources Ltd. says it will cut 500 full-time equivalent jobs as it focuses on trimming $500 million from planned spending through to the end of 2020. The Vancouver-based miner said Thursday it wants to improve efficiency and productivity after reporting its third-quarter profit attributable to shareholders fell to $369 million compared with a profit of $1.28 billion in the same quarter last year. Global economic uncertainties are having a "significant negative effect" on the company's prices for its products, particularly steelmaking coal, said CEO Don Lindsay on a conference call.Husky Energy Inc. (TSX:HSE). — The CEO of Calgary-based Husky Energy Inc. says social media speculation that layoffs put in place the morning after the federal election this week were in reaction to political events are just "B.S." The cuts were simply designed to align the workforce with lower capital spending plans going forward, Rob Peabody said on a conference call Thursday to discuss third-quarter financial results. Peabody refused to say how many employees were laid off, despite news reports quoting staff who said it was in the "hundreds." He said the company will account for severance payments in the fourth quarter.Precision Drilling Corp. (TSX:PD). Down two cents to $1.36. Precision Drilling Corp. says it lost $3.5 million in its latest quarter compared with a loss of $30.6 million in the same quarter last year as it cut expenses. The oilfield services company says the loss amounted to a penny per share for the quarter ended Sept. 30 compared with a loss of 10 cents per share a year earlier. Revenue totalled nearly $375.6 million, down from nearly $382.5 million in the same quarter last year. The company said the dip in revenue was due to lower activity in the U.S. and Canada, partially offset by higher average day rates in its U.S. and international operations and higher international activity. This report by The Canadian Press was first published Oct. 24, 2019.The Canadian Press
Teck Resources Ltd. says it will cut 500 full-time equivalent jobs as it focuses on trimming $500 million from planned spending through to the end of 2020.The Vancouver-based miner said Thursday it wants to improve efficiency and productivity after reporting its third-quarter profit attributable to shareholders fell to $369 million, down from earnings of $1.28 billion in the same quarter last year."While our financial position remains strong, we have implemented a company-wide cost reduction program with reduced spending," said Teck CEO Don Lindsay on a conference call.The company said in a regulatory filing earlier this year it had about 10,000 full-time "regular" employees as of the end of 2018, with about 4,400 in coal operations, 2,500 in copper and 2,200 in its zinc mining sector.The job cuts will be made through attrition, the expiry of temporary contract positions and current job vacancies, chief financial officer Ron Millos said on the call.He said the spending reduction target for the balance of 2019 is $170 million, with $120 million in capital reductions and deferrals.For 2020, the company plans to trim a further $330 million in spending, including $130 million from its capital plans."Over the past few years, we have been focused on maximizing production to capture margins during periods of higher commodity prices," Lindsay said on the call."However, current global economic uncertainties are having a significant negative effect on the prices of our products, particularly steelmaking coal."Lindsay said Teck's operations in Chile have not been affected so far by protests sparked by public transportation price hikes which have resulted in several deaths.He said about 5,000 people are working on construction of its Quebrada Blanca Phase 2 mining project there and funding will continue because it is a key component of future growth.The company's Neptune Bulk Terminals expansion in Vancouver is also a "priority project" that will continue to attract funding, he added.In a report, analyst Walter Spracklin of RC Dominion Securities said Neptune is an "ill-advised project, with questionable returns," pointing out its price tag has increased to more than $750 million from the original cost of $470 million and questioning whether the company can complete it as envisioned.Teck shares fell by as much as six per cent to $20.70 on the Toronto Stock Exchange.It reported its revenue was nearly $3.04 billion for the three months ended Sept. 30, down from nearly $3.21 billion in the year-earlier period.On an adjusted basis, the company says it earned a profit attributable to shareholders of $403 million or 72 cents per share compared with an adjusted profit of $466 million or 81 cents per share a year ago.Analysts on average had expected a profit of 66 cents per share for the quarter, according to financial markets data firm Refinitiv. This report by The Canadian Press was first published Oct. 24, 2019.Companies in this story: (TSX:TECK.B) Dan Healing, The Canadian Press
(Bloomberg) -- Teck Resources Ltd. started a companywide cost-cutting program and will defer some planned capital projects as global economic uncertainty weighs on the prices of its commodities.The company is targeting reductions of about $500 million from previously planned spending through the end of 2020, according to its third-quarter results statement.Key InsightsPart of the cost reduction will come from staffing cuts. The company plans to eliminate about 500 full-time equivalent positions, including through attrition and allowing temporary and contract jobs to expire.Teck said a year-on-year decline in third-quarter profit was mostly due to weakening commodity markets for its principal products, in particular steelmaking coal.The miner also warned that costs in its steelmaking coal business will increase significantly in the first quarter of 2020, as a result of planned plant outages. Expenses should drop back down again later in the year.CEO Comment“Over the past few years, we have focused our attention on maximizing production to capture margin during periods of higher commodity prices,” said CEO Don Lindsay.“However, current global economic uncertainties are having a significant negative effect on the prices for our products.”Get MoreKey Figures hereStatement hereTo contact the reporter on this story: Liezel Hill in Johannesburg at email@example.comTo contact the editors responsible for this story: Lynn Thomasson at firstname.lastname@example.org, Renee BonorchisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) reported adjusted EBITDA1 2 of $1.1 billion for the third quarter. “Over the past few years, we have focused our attention on maximizing production to capture margin during periods of higher commodity prices,” said Don Lindsay, President and CEO.
The electric passenger buses will replace diesel buses in Teck’s passenger bus fleet as a more environmentally beneficial, cost effective and comfortable employee transport option. This represents the first use of electric passenger buses for employee transport in the Canadian mining industry.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been informed that the Toronto Stock Exchange (“TSX”) has accepted Teck’s notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares (“Class B Shares”). Under the normal course issuer bid, Teck may purchase up to 40 million Class B Shares during the period starting October 28, 2019 and ending October 27, 2020, representing approximately 7.3% of the outstanding Class B Shares, or 8.2% of the public float, as at October 10, 2019. Teck will make any purchases through the facilities of the TSX, the New York Stock Exchange or other alternative trading systems in Canada and the United States, if eligible, or by such other means as may be permitted under applicable securities laws, including private agreements under an issuer bid exemption order or block purchases in accordance with applicable regulations.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
VANCOUVER, British Columbia, Oct. 16, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Ian Anderson as Vice.
VANCOUVER, British Columbia, Oct. 16, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Réal Foley as Senior Vice.
VANCOUVER, British Columbia, Oct. 13, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that the Teck Carmen de Andacollo Workers.
Teck Resources Ltd. (TSX:TECK.B) (NYSE:TECK) has many catalysts that should take the stock higher, including dividend growth and growth projects.
VANCOUVER, British Columbia, Sept. 23, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its third quarter 2019 earnings results on.
VANCOUVER, British Columbia, Sept. 13, 2019 -- For the 10th straight year, Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been named to the Dow Jones.
VANCOUVER, British Columbia, Sept. 04, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that Dominic Barton will step down from.
VANCOUVER, British Columbia, Aug. 28, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today released its second Climate Action and Portfolio.