TECK - Teck Resources Limited
| Previous Close | 38.31 |
| Open | 38.49 |
| Bid | 37.75 x 1800 |
| Ask | 37.76 x 1100 |
| Day's Range | 37.60 - 38.71 |
| 52 Week Range | 24.72 - 49.34 |
| Volume | |
| Avg. Volume | 5,362,246 |
| Market Cap | 19.372B |
| Beta (5Y Monthly) | 1.27 |
| PE Ratio (TTM) | 7.23 |
| EPS (TTM) | 5.21 |
| Earnings Date | Jul 27, 2023 |
| Forward Dividend & Yield | 0.37 (0.96%) |
| Ex-Dividend Date | Jun 14, 2023 |
| 1y Target Est | 50.95 |
The Canadian PressTeck Resources promotes Ian Anderson to chief commercial officer
VANCOUVER — Teck Resources Ltd. has promoted Ian Anderson to the post of chief commercial officer as the company continues work on a plan to separate its base metal and steelmaking coal operations. Anderson assumed the role effective May 16, succeeding Réal Foley, who is expected to help with the transition until his retirement in late November. Anderson was most recently Teck’s vice-president, logistics. The Vancouver-based mining company also announced that André Stark has been appointed vice-
GlobeNewswireTeck Announces Executive and Vice President Appointments
VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the following executive and vice president appointments: Ian Anderson has been appointed SVP & Chief Commercial Officer, effective May 16, 2023. Mr. Anderson succeeds Réal Foley, who will retire in late November 2023. Mr. Foley will support transition activities across Teck’s Marketing and Logistics and strategic initiatives until his retirement. “Ian
- GlobeNewswire
Vancouver Coastal Health and Teck Partner to Study How Bacteria-killing Copper Can Reduce the Risk of Infection Transmission in Long-term Care Homes
VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- Vancouver Coastal Health (VCH), Teck Resources Limited (“Teck”) and VGH & UBC Hospital Foundation are partnering to study how antimicrobial copper can be used to prevent infections and improve health outcomes in three long-term care homes across the VCH region. Funded by Teck, it will be the first study of its size in Canada. Teck has provided $750,000 in funding through its Copper & Health program for the research study that includes
ReutersNippon Steel still in talks with Teck as it seeks stake in coal asset
TOKYO (Reuters) -Nippon Steel Corp is still in talks with Teck Resources, despite Glencore's bid for the Canadian miner, as Japan's top steelmaker remains eager to take a stake in Teck's high-grade coking coal asset, a senior executive said. "We are still negotiating with Teck toward making an equity investment in coal assets," executive vice president Takahiro Mori told Reuters in an interview on Wednesday. "The amount of our investment may need to be lifted due to Glencore's bid, but we are determined to take 15% or more stake in the coal asset so that we can make it an affiliate unit," he said.
- GlobeNewswire
First of its Kind Joint Study Demonstrates Copper’s Effectiveness at Killing Bacteria and Viruses on Public Transit
VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- A collaborative cross-Canadian partnership between infection control researchers, transit authorities and private industry has demonstrated the effectiveness of antimicrobial copper to reduce the spread of bacteria and viruses in public spaces. The results of a successfully completed, one-year study, led by the medical microbiology research team at Vancouver Coastal Health and hosted by TransLink and Toronto Transit Commission, found
- Baystreet
Equities Bruised Midday Tuesday
Stocks in Toronto slipped on Tuesday and logged their worst day in three weeks after data showed consumer ...
ReutersBuying Teck's coal unit as a standalone a 'distant second' for Glencore - CEO
Buying Teck Resources' coal business as a standalone unit is a "distant second" for Glencore and Teck should not leave out the Swiss miner if it keeps pursuing its separation plan, boss Gary Nagle told the Bank of America conference in Barcelona on Tuesday. Teck has rebuffed the Swiss miner and trader's $22.5 billon offer to combine the two companies, instead pursuing plans to separate its copper and coal business. Glencore's plan would combine and spin off its thermal coal unit and Teck's steelmaking coal business.
BloombergGlencore and Teck Take Fight to Barcelona With Investor Pitches
(Bloomberg) -- The chief executive officers of Glencore Plc and Teck Resources Ltd. took their battle for the future of the Canadian miner to Barcelona, offering competing pitches to investors.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year HistoryUS 30-Year
ReutersExclusive-Glencore's bid for Teck spurs call for Canada pensions to up domestic equity stake
Glencore's hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation's biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters. The previous unreported proposal is an unusual move, but mirrors the broader nationalistic sentiment at display in Canada since the Swiss miner's unsolicited approach for one of the country's top mining firms by market value. Politicians and business lobby groups have asked the federal government to block the $22.5 billion bid and Ottawa has said Glencore would face rigorous scrutiny.
- Baystreet
Stocks in play: Teck Resources Ltd
Announced today that the Zafranal copper project in Peru has received regulatory approval from SENACE, ...
- GlobeNewswire
Teck Completes Plan of Arrangement Introducing a Sunset for Dual Class Share Structure
VANCOUVER, British Columbia, May 12, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it has completed the previously announced plan of arrangement under the Canada Business Corporations Act to introduce a six-year sunset for the multiple voting rights attached to the Class A common shares of Teck (the “Dual Class Amendment”). As explained more fully in Teck’s management proxy circular dated March 23, 2023, each Class A common sha
- GlobeNewswire
Teck Announces Regulatory Approval for the Zafranal Project
VANCOUVER, British Columbia, May 12, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that the Zafranal copper project in Peru has received regulatory approval from SENACE, Peru´s National Service of Environmental Certification for Sustainable Investments. Zafranal is a highly competitive, mid-sized copper-gold development project located in the porphyry copper belt of Southern Peru in the Arequipa Region. The deposit is owned by Compa
BloombergMining Boss Lassonde Says He Still Hopes to Buy Teck Coal Assets
(Bloomberg) -- Canadian mining executive Pierre Lassonde says he’s still interested in acquiring Teck Resources Ltd.’s coal assets, and is waiting on the company to decide what it does next following an abortive attempt to spin off the business.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionItaly Intends to Exit China Belt and Road
- Reuters
UPDATE 2-Canadian businessman offers to invest in Teck's coal unit to thwart Glencore's bid
Pierre Lassonde, a Canadian mining industry veteran, has made an offer to invest in Teck Resources Ltd's coal business, in a bid to thwart Glencore Plc's hostile attempt to merge with Teck. Vancouver-based Teck has rebuffed Swiss mining company Glencore's $22.5 billon offer to combine the two companies and is instead pursing plans to separate its copper and coal business.
ReutersCanadian businessman offers to invest in Teck's coal unit to thwart Glencore's bid
TORONTO (Reuters) -Pierre Lassonde, a Canadian mining industry veteran, has made an offer to invest in Teck Resources Ltd's coal business, in a bid to thwart Glencore Plc's hostile attempt to merge with Teck. Vancouver-based Teck has rebuffed Swiss mining company Glencore's $22.5 billon offer to combine the two companies and is instead pursing plans to separate its copper and coal business. Teck last month pulled its initial business separation plan at the last minute after failing to secure enough shareholder support.
- Reuters
Canadian mining entrepreneur offers to invest in Teck's coal unit
Pierre Lassonde, a Canadian mining industry veteran, has made an offer to invest in Teck Resources Ltd's coal business, in a bid to thwart Glencore Plc's hostile attempt to merge with Teck. Vancouver-based Teck has rebuffed Swiss mining company Glencore's $22.5 billon offer to combine the two companies and is instead pursing its own plans to offer a separate its copper and coal business. Last month, Teck pulled its initial business separation plan at the last minute after failing to secure enough shareholder support.
The Canadian PressReported Lassonde bid for Teck coal could thwart Glencore: analyst
TORONTO — A mining analyst says an apparent effort by industry veteran Pierre Lassonde to buy Teck Resources' coal business could disrupt Glencore's push to take over the Canadian firm. National Bank analyst Shane Nagle says the effort by a consortium led Lassonde, as reported in the Globe and Mail, could greatly reduce regulatory uncertainty for Teck and may thwart Glencore's attempt to acquire Teck's portfolio. Nagle says in a note that Lassonde, co-founder and chair emeritus of Franco-Nevada
- GlobeNewswire
Teck to Present at the BofA Securities 2023 Global Metals, Mining and Steel Conference May 16, 2023
VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) Chief Executive Officer Jonathan Price will be presenting at the BofA Securities 2023 Global Metals, Mining and Steel conference on Tuesday, May 16, 2023 at 5:40 a.m. Eastern/2:40 a.m. Pacific time. The investor presentation will focus on maximizing value for shareholders and include information on company strategy, financial performance, and outlook. The presentatio
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ZacksHere is What to Know Beyond Why Teck Resources Ltd (TECK) is a Trending Stock
Zacks.com users have recently been watching Teck Resources Ltd (TECK) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Motley FoolWhy Teck Resources Stock Rocketed 27.5% in April
Shares of Teck Resources (NYSE: TECK) surged 27.5% in April, according to data provided by S&P Global Market Intelligence. The catalyst was mining and commodities trading giant Glencore's (OTC: GLNCY) offer to acquire Teck Resources and de-merge its combined coal businesses. In February, Teck Resources unveiled to shareholders its plan to spin off its steelmaking coal business.
- GlobeNewswire
Teck and CPKC Announce Long-term Rail Agreement
CALGARY, Alberta and VANCOUVER, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) -- Canadian Pacific Kansas City Limited (TSX: CP, NYSE: CP) (“CPKC”) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that CPKC and Teck Coal Limited have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck’s four operations in southeastern B.C. The agreement builds on existing services in place and runs until the end of 2026. In support
The Canadian PressAs Glencore eyes Teck, Brad Wall sees echoes of 2010 battle for Potash Corp.
CALGARY — Former Saskatchewan premier Brad Wall says he doesn't know enough of the details to take a public stance on the merits of mining giant Glencore PLC's ongoing hostile takeover bid for Teck Resources Ltd. But the man who led his province's aggressive campaign to defend Potash Corp. of Saskatchewan against BHP Billiton in 2010 says there are clear similarities between that situation and what's going on now with the battle for Vancouver-based Teck. He's also confident that in the case of P
BloombergBarrick CEO Says He Has ‘No Intention’ of Pursuing Teck Deal
(Bloomberg) -- Barrick Gold Corp.’s top executive is closely watching the takeover battle for Teck Resources Ltd. but has no plans to pursue the Canadian base metals producer, which has drawn a $23 billion offer from Glencore Plc.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Looks Past India’s Rights Record as China Worrie
ReutersExclusive-Barrick not interested in bidding for Teck's copper assets
TORONTO (Reuters) -Barrick Gold Corp is not interested in bidding for the copper assets of Teck Resources Ltd as there are few synergies between the companies, CEO Mark Bristow said in an interview with Reuters on Wednesday. Bristow's comments come at a time when Canadian mining company Teck has rebuffed a $22.5 billion unsolicited bid from Swiss mining company Glencore Plc and said it is exploring its own simplified diversification that includes opening its metals and coal business to a competitive bidding process. "We don't think we bring any synergies to that party," Bristow told Reuters, adding that even if Teck does a clean split of its copper and coal business, its debt is a problem.
