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Last C$9.63 CAD
Change Today +0.30 / 3.22%
Volume 2.9M
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

teck resources ltd-cls b (TCK/B) Snapshot

Open
C$9.38
Previous Close
C$9.33
Day High
C$9.70
Day Low
C$9.32
52 Week High
08/5/14 - C$26.12
52 Week Low
07/27/15 - C$8.76
Market Cap
5.6B
Average Volume 10 Days
4.6M
EPS TTM
C$0.66
Shares Outstanding
566.9M
EX-Date
06/11/15
P/E TM
14.7x
Dividend
C$0.30
Dividend Yield
6.23%
Current Stock Chart for TECK RESOURCES LTD-CLS B (TCK/B)

teck resources ltd-cls b (TCK/B) Related Businessweek News

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teck resources ltd-cls b (TCK/B) Details

Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products include copper, including copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates. The company also produces lead, molybdenum, gold, silver, germanium and indium, chemicals, and fertilizers. In addition, it holds interest in oil sands projects in the Athabasca region of Alberta; and owns or has interests in 13 mines in Canada, the United States, Chile, and Peru, as well as operates a metallurgical complex. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

10,200 Employees
Last Reported Date: 03/5/15
Founded in 1913

teck resources ltd-cls b (TCK/B) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$1.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$640.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$750.0K
Senior Vice President of Project Development
Total Annual Compensation: C$640.0K
Senior Vice President of Commercial & Legal A...
Total Annual Compensation: C$640.0K
Compensation as of Fiscal Year 2014.

teck resources ltd-cls b (TCK/B) Key Developments

Teck Resources Ltd Mulls Further Output Cuts in Weak Market

Teck Resources Ltd. has announced possible further production cuts in its metallurgical coal operations in the fourth quarter if market conditions do not improve. The company started rotations of three-week shutdowns at its six Canadian metallurgical coal operations in the third quarter due to a persistently weak pricing environment for metallurgical coal.

Teck Resources Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Financial Guidance for the Third Quarter, Fourth Quarter and Full Year 2015

Teck Resources Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported profit attributable to shareholders of CAD 63 million or 11 cents per basic and diluted share down from CAD 80 million of 14 cents per basic and diluted share in the same quarter last year. Excluding one-time items, the company earned an adjusted profit of CAD 79 million or 14 cents per share for the quarter, up from CAD 72 million or 13 cents per share a year ago. Revenue totaled nearly CAD 2 billion, down slightly from just over CAD 2 billion in the same quarter last year. The company said prices for many of the major commodities it produces fell in the quarter, putting pressure on its margins and profits, offset in part by the weaker Canadian dollar. Profit from operations was CAD 238 million against CAD 212 million a year ago. Profit before tax was CAD 158 million against CAD 151 million a year ago. Cash flows from operating activities were CAD 332 million against CAD 436 million a year ago. Purchase of property, plant and equipment was CAD 329 million against CAD 335 million a year ago. EBITDA was CAD 596 million against CAD 558 million a year ago. For the six months, the company reported profits attributable to shareholders of CAD 131 million or CAD 0.23 per basic and diluted share against CAD 149 million or CAD 0.26 per basic and diluted share a year ago. Revenue was CAD 4,023 million against CAD 4,093 million a year ago. Profit from operations was CAD 474 million against CAD 464 million a year ago. Profit before tax was CAD 293 million against CAD 321 million a year ago. Cash flows from operating activities were CAD 704 million against CAD 981 million a year ago. Purchase of property, plant and equipment was CAD 700 million against CAD 735 million a year ago. Net debt as at June 30, 2015 was CAD 7,745 million against CAD 6,412 million a year ago. For the quarter, the company produced 93,000 tonnes of copper and 6.6 million tonnes of coal during the quarter. In the similar quarter in 2014, production was 87,000 tonnes of copper and 6.4 million tonnes of coal. Copper production at company's 22.5%-owned Antamina mine in Peru grew 7.2% to 86,200 tonnes in the quarter, while zinc output was up 19% to 56,400 tonnes. Molybdenum output rose 117% to 1.3Mlb (590t). The production of refined zinc was 75,000 tonnes against 72,000 tonnes a year ago. The production of zinc in concentrate was 141,000 tonnes against 293,000 tonnes a year ago. For the six months, the company reported copper production of 174,000 tonnes against 172,000 tonnes a year ago. The production of refined zinc was 150,000 tonnes against 134,000 tonnes a year ago. The production of zinc in concentrate was 315,000 tonnes against 293,000 tonnes a year ago. For the full year 2015, the company’s copper production is now expected to be between 340,000 tonnes and 350,000 tonnes. The company expects overall, gross profit before depreciation and amortization was 2% higher at CAD 143 million. The company expects sales of 170,000 tonnes of contained zinc in third quarter of 2015 and 200,000 tonnes in fourth quarter of 2015.

Teck Resources Limited - Special Call

To discuss the 2014 sustainability report

 

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Industry Analysis

TCK/B

Industry Average

Valuation TCK/B Industry Range
Price/Earnings 15.4x
Price/Sales 0.6x
Price/Book 0.3x
Price/Cash Flow 15.1x
TEV/Sales NM Not Meaningful
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