TECK-B.TO - Teck Resources Limited

Toronto - Toronto Delayed Price. Currency in CAD
17.81
+0.06 (+0.34%)
As of 2:59PM EST. Market open.
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Previous Close17.75
Open17.82
Bid17.80 x 0
Ask17.81 x 0
Day's Range17.48 - 17.89
52 Week Range17.47 - 34.31
Volume968,334
Avg. Volume1,696,085
Market Cap9.872B
Beta (5Y Monthly)2.57
PE Ratio (TTM)6.12
EPS (TTM)2.91
Earnings DateN/A
Forward Dividend & Yield0.20 (1.05%)
Ex-Dividend DateDec. 11, 2019
1y Target Est31.44
  • Bloomberg

    Huawei 5G, Teck Oil Decisions Loom for Trudeau After New Nafta

    (Bloomberg) -- Justin Trudeau returns to a fragmented parliament Monday facing sharp domestic divisions with the clock ticking on two of the tougher decisions of his political career.The prime minister must determine whether China’s Huawei Technologies Co. should be allowed to develop Canada’s fifth-generation wireless networks. He also needs to approve or reject a massive new oil project, even as he strives to reduce the nation’s greenhouse gas emissions. Getting sign-off on the new North American free trade agreement, which he’ll tackle right away, should be easy by comparison.Trudeau’s approval rating got a bump from his handling of the Jan. 8 jet crash in Iran that killed 57 Canadians. He’ll need that goodwill as he starts his second mandate in a much more precarious position than his first. Canada’s economy slowed sharply at the end of last year, so smoothing relations with commodity hungry China will be crucial. As will getting the nation’s energy sector back on its feet after a $30 billion exodus of foreign capital.With three potential dance partners in the legislature, there’s little chance Trudeau’s Liberals will fail to ratify the new Nafta. Sealing the deal will solidify Canada’s most important trading relationship, which was upended by the election of Donald Trump -- a disruption that’s reshaped how Canada deals with global challenges.“We’re living in a world without U.S. protection,” said Stephanie Carvin, a professor at Carleton University in Ottawa and former government intelligence analyst. “I’m not sure that we’ve prepared for that.”China’s WrathTrudeau’s mettle is being tested by a bitter feud with China over Huawei, whose chief financial officer is fighting extradition to the U.S. on accusations she tricked banks into violating Iran sanctions.Beijing bristled at Canada’s detention of Meng Wanzhou at the end of 2018 while on a layover in Vancouver. China swiftly locked up two Canadians it accuses of spying and halted nearly C$5 billion ($3.8 billion) worth of agricultural imports, plunging Sino-Canadian relations into their darkest period in half a century.Trudeau, who has sought Trump’s help in the dispute to no avail, poured cold water on suggestions he halt Meng’s extradition as part of a prisoner exchange for the Canadians. “We are a country of the rule of law and we will abide by the rule of law,” the prime minister told reporters in Winnipeg, Manitoba.China is also lobbying hard for Canada to allow Huawei access to 5G. Trudeau’s new public safety minister didn’t offer any hints on the timing of a decision at last week’s cabinet retreat, but Bill Blair now says “there are a number of other significant economic and even geopolitical considerations being considered” alongside security issues.The government may be waiting to see what its allies do. While the White House is pushing for an outright ban, Boris Johnson’s government is weighing a mixed strategy that would keep the state-championed Chinese firm out of sensitive core elements of U.K. networks. “If Britain chooses to go with the regulatory approach, it will make it easier for Canada to do so,” Carvin said.Having campaigned last fall on lowering mobile-phone bills in Canada, it’ll be hard for Trudeau to order companies like BCE Inc. and Telus Corp. to rip out millions of dollars worth of existing Huawei equipment, she added.While dealing with China will occupy the bulk of Canada’s foreign policy agenda, it’s also been playing an activist role in Venezuela’s political crisis. Trudeau will host Juan Guaido in Ottawa Monday as the opposition leader tries to rekindle international support for his push to oust President Nicolas Maduro.Western WoesDomestically, the prime minister needs to reassure voters on Canada’s prairies that he hasn’t abandoned them. Key to that will be deciding on the C$20 billion Frontier oil-sands mine proposed by Teck Resources Ltd. in northern Alberta.In his first mandate, Trudeau introduced a nationwide carbon tax and overhauled the regulatory process for major energy projects. Those moves won plaudits from environmentalists but met stiff opposition from provincial premiers. During the campaign, Trudeau doubled down and committed Canada to net-zero emissions by 2050.October’s vote saw the Liberals fail to elect a single lawmaker in Alberta or Saskatchewan. “The mood has only gotten uglier and more hopeless in those western provinces,” said Shachi Kurl, executive director of the Angus Reid Institute polling firm.A Brexit-inspired separatist movement has even sprung up. While few think it could ever succeed, Trudeau overhauled his front bench to address western alienation -- promoting Chrystia Freeland to deputy prime minister with a mandate to mend federal-provincial fences.As much as Trudeau is trying to position Canada as a global leader on climate change, he also nationalized a pipeline, buying the Trans Mountain line from Kinder Morgan Inc. in 2018 for C$4.5 billion. A controversial expansion of the conduit cleared a major legal hurdle at Canada’s top court this month and construction is set to pick up this year.Increasing the flow of oil out of Alberta would be a vital boost for struggling producers, who are again facing a steep discount for their heavy crude. Teck’s mine got a tentative green light in July. The Liberals have to make a final call by the end of February, but approval from the company isn’t guaranteed given the project was conceived in a different price environment.“Politically, this is being put forward as the Trudeau government making a decision about whether or not 7,000 people are going to have jobs in Alberta” instantly, said Andrew Leach, an economist at the University of Alberta in Edmonton. “Teck has not said anything of the sort.”In confronting his domestic challenges, Trudeau might find himself seeking support from an unlikely place: the official opposition bench.“The Conservatives are obvious allies in getting Nafta through,” said Brian Topp, a former adviser to New Democratic Party leaders. “They’re also obvious allies to the government as it thinks about how to respond to the commodities crash on the prairies.”\--With assistance from Natalie Obiko Pearson and Kevin Orland.To contact the reporter on this story: Stephen Wicary in Ottawa at swicary@bloomberg.netTo contact the editors responsible for this story: Theophilos Argitis at targitis@bloomberg.net, Chris FournierFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Here's What Teck Resources Limited's (TSE:TECK.B) ROCE Can Tell Us
    Simply Wall St.

    Here's What Teck Resources Limited's (TSE:TECK.B) ROCE Can Tell Us

    Today we'll evaluate Teck Resources Limited (TSE:TECK.B) to determine whether it could have potential as an investment...

  • GlobeNewswire

    Teck Media and Investor Audiocast Advisory

    VANCOUVER, British Columbia, Jan. 24, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer, Don Lindsay will be.

  • Teck oil sands project splits Canada's indigenous people, poses challenge for Trudeau
    Reuters

    Teck oil sands project splits Canada's indigenous people, poses challenge for Trudeau

    A proposed Canadian oil sands mine has split the country's indigenous people, compounding the challenges facing Prime Minister Justin Trudeau's government as it decides whether to approve the project. Teck Resources Ltd would build the C$20.6 billion ($15.76 billion) Frontier mine 110 kilometers (68 miles) north of Fort McMurray, Alberta, capable of eventually producing 260,000 barrels of crude oil per day. The mine, which would be one of the largest in Alberta's oil sands, requires federal approval, even as the Trudeau government has promised to reduce Canada's greenhouse gas emissions to net zero by 2050.

  • GlobeNewswire

    Teck Named to 2020 Bloomberg Gender-Equality Index

    Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been named to the 2020 Bloomberg Gender-Equality Index (GEI) for the third straight year. “Gender equality is a critical part of our commitment to inclusion and diversity, and contributes to a stronger workforce and a better company,” said Don Lindsay, President and CEO.

  • GlobeNewswire

    Teck Named to 2020 Global 100 Most Sustainable Corporations List

    Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been recognized as one of the 2020 Global 100 Most Sustainable Corporations by Corporate Knights. Teck was the top-ranked company in the Metal Ore Mining category and the only mining company included on the list. “At Teck, being socially and environmentally responsible is foundational to our success and an important part of who we are as a company,” said Don Lindsay, President and CEO.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (17,415.17, up 62.27 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 36 cents, or 15.45 per cent, to $2.69 on 19.6 million shares.Organigram Holdings Inc. (TSX:OGI). Health care. Up $1.24, or 44.13 per cent, to $4.05 on 9.9 million shares.Hexo Corp. (TSX:HEXO). Health care. Up 33 cents, or 15.87 per cent, to $2.41 on 8.15 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Up $1.32, or 4.24 per cent, to $32.46 on 7.7 million shares.Aphria Inc. (TSX:APHA). Health care. Up 39 cents, or 6.01 per cent, to $6.88 on 6.9 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Up six cents, or 8.22 per cent, to 79 cents on 6.9 million shares. Companies in the news:Air Canada (TSX:AC). Down 47 cents to $51.54. Air Canada unveiled Wednesday its first Airbus A220 jetliner, one of an eventual 45 it hopes will expand its grip on the North American market. The narrow-body aircraft, whose maiden voyage takes off for Calgary from Montreal on Thursday, grants Canada's largest airline greater range and cost savings as the company tries to shore up profit margins amid the ongoing grounding of the Boeing 737 Max. The 137-seat A220 offers 20 per cent more fuel efficiency than some Boeing 737 and Airbus jets, and will begin to replace planes like the Embraer E190 with 97 seats, said Craig Landry, Air Canada's head of operations.Teck Resources Ltd. (TSX:TECK.B). Down 16 cents to $20.99. Mining company Teck Resources Ltd. says it is purchasing the SunMine solar electricity generating facility in B.C. from the City of Kimberley. The Vancouver-based company says it has agreed to pay about $2 million, matching the city's debt associated with the operation. The 1.05-megawatt SunMine opened in 2015 on reclaimed land at Teck’s Sullivan Mine, which was closed in 2001 after producing zinc, lead and silver for nearly 100 years. But its earnings for the community fell short of expectations, in part due to heavy smoke caused by summer forest fires, and the city has been negotiating to sell it to Teck for several years.Cogeco Communications Inc. (TSX:CCA). Down $10.60 or 9.4 per cent to $102.32. Shares of Cogeco Communications Inc. fell by nearly seven per cent Wednesday after the cable and internet provider missed expectations despite a 20 per cent increase in net income in its most recent quarter. The Montreal-based company says it earned $84.2 million for the period ended Nov. 30, up from $70.2 million a year earlier. That translated into $1.70 per diluted share, compared with $1.41 per share in the first quarter of 2019. Revenue grew 1.8 per cent to $586.8 million from $576.7 million, driven by growth in its U.S. broadband services segment.This report by The Canadian Press was first published Jan. 15, 2020.The Canadian Press

  • GlobeNewswire

    Teck Announces Purchase of SunMine Solar Energy Facility

    VANCOUVER, British Columbia, Jan. 15, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced today it has purchased the SunMine solar energy facility.

  • GlobeNewswire

    Teck’s Q4 2019 Financial Results and Investors’ Conference Call February 21, 2020

    VANCOUVER, British Columbia, Jan. 14, 2020 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its fourth quarter 2019 earnings results on.

  • Why the Teck Resources (TECK.B) Stock Price Rose 8.3% in December
    The Motley Fool

    Why the Teck Resources (TECK.B) Stock Price Rose 8.3% in December

    Teck Resources Ltd. (TSX:TECK.B) (NYSE:TECK) rallies in December then gives up its gains in January, as the stock tries to move out of undervalued territory.

  • Teck Resources signs deal with Ridley Terminals to increase shipments
    The Canadian Press

    Teck Resources signs deal with Ridley Terminals to increase shipments

    VANCOUVER — Teck Resources Ltd. has signed a deal with Ridley Terminals Inc. that will allow it to increase shipments of steelmaking coal from its B.C. operations.Ridley Terminals owns and operates the marine bulk handling terminal on Prince Rupert's Ridley Island on B.C.'s north coast.The agreement increases contracted capacity from three million tonnes per year to six million tonnes with an option for Teck to increase it up to nine million tonnes.The new deal runs from January 2021 to December 2027.Financial terms of the agreement were not disclosed.Vancouver-based Teck says the agreement will provide greater flexibility and improved performance within its overall steelmaking coal supply chain."This agreement with Ridley Terminals, in combination with upgrades underway at our Neptune Terminal and our recent agreement with CN, will contribute to improved overall performance throughout our steelmaking coal supply chain," Teck chief executive Don Lindsay said."We are looking forward to building on our strong working relationship with RTI and new principal owners Riverstone-AMCI to safely and efficiently transport our product to customers."This report by The Canadian Press was first published Jan. 8, 2020.Companies in this story: (TSX:TECK.B) The Canadian Press

  • GlobeNewswire

    Teck and Ridley Terminals Announce Agreement

    Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced today an expanded commercial agreement with Ridley Terminals Inc. (RTI) for shipments of steelmaking coal from Teck’s British Columbia operations. The agreement runs from January 2021 to December 2027, and increases contracted capacity from 3 million tonnes per annum (Mtpa) to 6 Mtpa with an option for Teck to extend up to 9 Mtpa. This will enable Teck to increase its shipment volumes through the Ridley terminal to provide greater flexibility and improved performance within its overall steelmaking coal supply chain.

  • Trade War Uncertainty Weighs on Teck Resources (TSX:TECK.B)
    The Motley Fool

    Trade War Uncertainty Weighs on Teck Resources (TSX:TECK.B)

    Teck Resources Ltd.'s (TSX:TECK.B)(NYSE:TECK) outlook is surrounded by considerable uncertainty.

  • GlobeNewswire

    Teck Announces New Collective Agreement at Carmen de Andacollo Operations

    VANCOUVER, British Columbia, Dec. 05, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that the Teck Carmen de Andacollo Workers.

  • Baystreet

    Stocks in play: Teck Resources Limited

    And CN announced today a long-term rail agreement for shipping of steelmaking coal from Teck’s four ...

  • GlobeNewswire

    Teck and CN Announce Significant Rail Shipping Agreement

    CN (CNR.TO) (CNI) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced today a long-term rail agreement for shipping of steelmaking coal from Teck’s four B.C. operations between Kamloops and Neptune Terminals, and other west coast ports. The agreement runs from April 2021 to December 2026, and will enable Teck to significantly increase shipment volumes through an expanded Neptune Terminals. The agreement also provides for investments by CN of more than $125 million to enhance rail infrastructure and support increased shipment volumes to Neptune.

  • Canadians: I Saved $1,000 in 6 Months Using 6 Methods. You Can, Too!
    The Motley Fool

    Canadians: I Saved $1,000 in 6 Months Using 6 Methods. You Can, Too!

    If you’re wondering how to save money, read this article to learn my tips and tricks.

  • GlobeNewswire

    Teck Media and Investor Webcast Advisory

    VANCOUVER, British Columbia, Nov. 26, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer, Don Lindsay will be.

  • GlobeNewswire

    Teck Named One of Canada’s Top 100 Employers

    VANCOUVER, British Columbia, Nov. 22, 2019 -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) has been named for the third consecutive year as one of.

  • GlobeNewswire

    Teck Announces Dividend

    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.

  • Dale Andres Is The Senior Vice President of Base Metals of Teck Resources Limited (TSE:TECK.B) And They Just Spent CA$212k On Shares
    Simply Wall St.

    Dale Andres Is The Senior Vice President of Base Metals of Teck Resources Limited (TSE:TECK.B) And They Just Spent CA$212k On Shares

    Investors who take an interest in Teck Resources Limited (TSE:TECK.B) should definitely note that the Senior Vice...