Teck Resources Ltd (USA)(NYSE:TCK) Declares Dividend of $0.0500.

Teck Resources Ltd (USA) (NYSE:TCK) had declared a cash dividend of $0.0500 on Nov 23, 2016. The shares will quote ex-dividend on Dec 13, 2016 and the record date has been fixed for Dec 15, 2016. On Nov 23, 2016 share price, the yield comes out to be 0.7834%. The dividend payable date has been fixed on Dec 30, 2016.

In a different note, On Sep 15, 2016, Morgan Stanley said it Upgrades its rating on Teck Resources Ltd (USA). In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Teck Resources Ltd (USA) (TCK) shares turned negative on Fridays trading session with the shares closing down -0.19 points or -0.73% at a volume of 24,80,752. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.95. The peak price level was also seen at $25.95 while the days lowest was $25.4. Finally the shares closed at $25.69. The 52-week high of the shares is $26.21 while the 52-week low is $2.56. According to the latest information available, the market cap of the company is $14,810 M.

Teck Resources Ltd (USA)(TCK) last announced its earnings results on Oct 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.73B. Analysts had an estimated revenue of $1.65B. Earnings per share were $0.20. The reported EPS was above estimates by $0.02 or 11.11%. Analysts had estimated an EPS of $0.18.

Teck Resources Ltd. is engaged in the business of exploring acquiring developing and producing natural resources. The Company is focused on steelmaking coal copper zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead molybdenum silver and various specialty and other metals chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper. The Company produces mined zinc primarily from its Red Dog mine in Alaska the Antamina mine in northern Peru and its Pend Oreille mine in Washington State. Its energy assets in the Athabasca oil sands region of northeastern Alberta include its interests in the Fort Hills oil sands project Frontier oil sands project in various other oil sands leases in the exploration phase including the Lease 421 Area.

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