- Teck Resources reported an adjusted EPS (Earnings Per Share) of C$0.60, surpassing the estimated C$0.34.
- The company’s revenue was C$2.29 billion, exceeding expectations of C$2.19 billion.
- Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) came in at C$927 million, higher than the projected C$827.4 million.
- President and CEO Jonathan Price attributed the improvement to higher commodity prices and increased copper sales volumes.
- The company emphasized its ongoing commitment to returning significant cash to shareholders.
- Analyst ratings for Teck Resources include 18 buys, 5 holds, and 1 sell.
A look at Teck Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Teck Resources Ltd. has received a promising overall outlook based on Smartkarma Smart Scores. With a strong value score of 4, the company is seen as having solid fundamentals and potential for long-term growth. Despite lower scores in dividend and growth factors, Teck Resources stands out for its resilience and momentum in the market, both scoring a respectable 3. This suggests that the company is well-positioned to weather economic fluctuations and has positive market momentum.
As an integrated natural resource group involved in mining, smelting, and refining, Teck Resources Ltd. operates in multiple countries, producing a variety of metals including zinc, copper, molybdenum, gold, and coal. Additionally, the company also manufactures refined metals and specialized products. With its strong value score and diversified operations, Teck Resources appears to be a sturdy player in the natural resources sector with potential for growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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