|Bid||15.17 x 0|
|Ask||15.18 x 0|
|Day's Range||15.08 - 16.04|
|52 Week Range||8.15 - 30.41|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (1.32%)|
|Ex-Dividend Date||Jun. 12, 2020|
|1y Target Est||18.98|
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today reported a failure of the loading arm on one of two shipping barges at Red Dog Operations’ port in Alaska, on July 3, 2020. Teck has completed testing of the loading arm on the second shipping barge at the port to ensure its integrity. There were no injuries or environmental impacts related to this incident.
Deep-South will issue 4,352,941 shares to Teck (TECK) at an implied price of 8.5 cents per share in order to settle pending dues regarding the sale agreement.
VANCOUVER, British Columbia, June 30, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it and a wholly owned subsidiary has.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today the signing of a new US$1 billion unsecured two-year revolving credit facility, the closing of its previously announced US$550 million offering of ten-year notes and the results of the previously announced cash tender offers for its US$539 million of outstanding notes maturing in 2021, 2022 and 2023. “Together with our US$4 billion revolving credit facility that matures in Q4 2024 and our US$2.5 billion project financing facility for QB2, this new US$1 billion facility and the extension of near term debt maturities will give Teck significant liquidity as we complete QB2 and the Neptune expansion project.” The terms of the new US$1 billion revolving credit facility are substantially the same as the terms of Teck’s existing US$4 billion revolving credit facility.
Is a copper rally about to begin? Here is one top Canadian stock that produces base metals.The post Copper Rally: 1 Canadian Stock to Ride the Next Boom in Base Metals Prices appeared first on The Motley Fool Canada.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been recognized as one of the top 50 companies in Canada for corporate citizenship, being named to the Best 50 Corporate Citizens in Canada ranking by Corporate Knights. This marks the 14th consecutive year Teck has been named to the Best 50. “This recognition is made possible by our employees who ensure that sustainability is central to everything we do,” said Don Lindsay, President and CEO.
This top commodity stock carries risk, but the upside potential could be significant through the end of next year.The post Contrarian Investors: 1 Cheap Stock With Huge Upside Potential in 2021 appeared first on The Motley Fool Canada.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced today that it has priced an offering of senior unsecured notes. Teck will issue US$550 million principal amount of 10-year senior unsecured notes, which will bear interest at the rate of 3.900% per annum. The net proceeds from the offering of the notes are expected to be approximately US$542.2 million after the initial purchasers’ fees and estimated offering expenses.
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it has commenced cash tender offers (each, an “Offer” and collectively, the “Offers”) for any and all of its outstanding 4.500% Notes due 2021 (the “2021 Notes”), 4.75% Notes due 2022 and 3.750% Notes due 2023 (each, a “series of Notes” and collectively, the “Notes”). Concurrently with the Offers, Teck is proposing to offer new senior notes in a private offering.
Deals are still available in the market today. Are these two stocks two cheap to ignore?The post Value Investors: Could These 2 Stocks Soar 100% by 2022? appeared first on The Motley Fool Canada.
These two cheap commodity stocks are finally on a roll and could go much higher.The post Momentum Investors: 2 Soaring Stocks That Could Double by 2021 appeared first on The Motley Fool Canada.
As the international space race is heating up, countries need this critical metal which is used in different high tech applications, including space travel
Teck (TECK) resumes Antamina mine operations with reduced workforce after being shut on the Peruvian Government's restrictions in the wake of the coronavirus pandemic.
VANCOUVER, British Columbia, May 27, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) announced today that Compania Minera Antamina, in which Teck.
VANCOUVER, British Columbia, May 19, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announces that the company will hold a conference call to.
Teck Resources (TECK) is poised to gain from solid pipeline of projects and cost reduction efforts while global economic slowdown and weak commodity markets remain concerns.
There’s a new showdown quietly brewing between the world’s largest superpowers, and one critical metal will play a key role in how the face off turns out
The stock market rally off the March lows wiped out many of the deals, but some unloved stocks still trade at very cheap prices.The post Contrarian Investors: A Cheap Commodity Stock to Play the Global Economic Rebound appeared first on The Motley Fool Canada.
VANCOUVER, British Columbia, May 06, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer, Don Lindsay will be.
Teck Resources (NYSE: TECK), one of Canada's largest and most diversified miners, looked to move into the oil space to further increase its diversification. Although its massive Fort Hills oil sands project managed to stay alive through the last deep energy market downturn, the COVID-19-related oil plunge may be more than Teck and its Fort Hills partners can handle. In the fourth quarter of 2019, Teck's energy business had a gross profit margin of just 1%.
COVID-19 will lead to a recession worse than the Great Depression, warns the IMF, but one crucial commodity will thrive while everything else crumbles
Teck’s commitment to Canadian oil is growing more uncertain as plunging prices roil global energy markets.
VANCOUVER, British Columbia, April 22, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today, in accordance with Toronto Stock Exchange.
Measures taken to deal with the COVID-19 pandemic and low commodity prices are being blamed by Teck Resources Ltd. for a first-quarter loss attributable to shareholders of $312 million.The Vancouver-based miner said it is taking a $474-million writedown on its share in the Fort Hills oilsands mine operated by partner Suncor Energy Inc. after one of its two production trains was shut down last month due to low oil prices.It also reported $44 million in unexpected COVID-19 related expenditures in the three months ended March 31, with $32 million of that due to the ongoing suspension of construction at its US$5.2-billion Quebrada Blanca Phase 2 copper mine project in Chile.On a conference call, CEO Don Lindsay warned Teck is already seeing customers seeking to defer shipments of steelmaking coal as demand for steel falls due to a worldwide economic slowdown."While our COVID-19 response has temporarily reduced production at some of our operations, all of our managed sites are currently operating," he said."There has been no material impact on sales or shipments of Teck products due to COVID-19 to date, but there is a risk that sales volumes could decline significantly in Q2 following the dramatic slowdown we have seen in global economic activity."He said the company is suspending previous guidance for 2020 because of uncertainty.Teck's first-quarter loss on revenue of $2.4 billion compares with a profit of $630 million on revenue of $3.1 billion in the same period of 2018.The company reported an adjusted profit of $94 million, or 17 cents per share, compared with $587 million, or $1.03 per share, a year earlier.Analysts had been expecting an adjusted profit of 20 cents per share. Teck stock fell by as much as 8.7 per cent to $9.66 in early trading on Tuesday before rebounding to $9.99, down 5.6 per cent, at 1 p.m. EDT.Teck owns a 21.3 per cent stake in the Fort Hills mine.It reported a gross loss of $123 million from its energy business unit in the first quarter, compared with a loss of $5 million a year ago, as lower prices led to a $23-million writedown of inventory.A strong finish to the first quarter resulted in sales of 5.7 million tonnes of steelmaking coal, Teck noted, beating the upper end of its guidance of 5.2 million tonnes.It reported it has completed the expansion of its Elkview coal operations plant in B.C. to an annual capacity of nine million tonnes and will therefore be able to close its higher-cost Cardinal River mine in Alberta earlier than expected, by the end of June.Teck reduced staffing levels by about 50 per cent in early April at its B.C. coal and Highland Valley Copper mining operations to introduce measures to reduce pandemic risks.Lindsay said those works are now 75 per cent staffed as confidence has grown in the effectiveness of the measures.Teck is creating a $20-million fund to support COVID-19 response and recovery efforts, including the purchase of one million masks to be donated to British Columbia health care.This report by The Canadian Press was first published April 21, 2020.Companies in this story: (TSX:TECK.B, TSX:SU) Dan Healing, The Canadian Press