TECK Stock Recent News

Teck Resources' (TECK) third-quarter 2023 steelmaking coal sales dip year over year and fall short of the company's expectations.

VANCOUVER, British Columbia, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its third quarter 2023 earnings results before market open on Tuesday, October 24, 2023.

Teck Resources is demanding a premium for its positioning in both traditional and growth commodities. The company's valuation and financials are strong, making it an attractive investment option. Teck Resources is well-positioned to benefit from the increasing demand for commodities in both traditional and growth sectors.

Glencore PLC (LSE:GLEN) could be the proud owner of Teck Resources Ltd (TSX:TECK.B)'s metallurgical coal assets by the end of 2023, according to analysts. The much fraught deal, announced earlier this year, has gone through multiple offers and counteroffers, with Teck initially rebuffing Glencore's advances to acquire the company outright.

Teck Resources Limited is a global metals and mining company with expertise in copper, zinc, and steelmaking coal. The stock is going through a bout of volatility contraction as the market waits for definitive clarity on the potential sale of the coal unit. QB2's production ramp-up will be key in helping TECK emerge as one of the top 20 copper producers.

Glencore is facing competition in its attempts to merge with Canada's Teck Resources with a rival bidder set to emerge for the Canadian firm's coal arm according to Bloomberg. Mumbai-based JSW Steel is talking to partners to put together an offer for 75% of Teck's coal arm that will value the business at US$8 billion.

Teck Resources (TECK) collaborates with NORDEN to reduce carbon emissions in the former's steelmaking coal supply chain.

Bank of America delivered a contrarian statement on Wednesday, saying it anticipates stocks to outperform bonds in the coming quarters. Moreover, the bank says it prefers cyclical assets over defensive ones, with financial, basic materials and energy stocks at the core of the banking giant's watchlist.

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) today reported profit from continuing operations attributable to shareholders of C$510 million ($0.98 per share) in Q2 2023, compared to a profit of C$1,582 million in Q2 2022 ($2.95 per share).

Teck Resources Ltd (TECK) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $2.55 per share a year ago.