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Teck Resources Ltd Class B TECK Stock Quote

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Morningstar‘s Stock Analysis TECK

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Teck Resources Reports a Solid 2022 Third-Quarter Result, FVE Modestly Lowered to USD 25

Jon Mills Equity Analyst

Analyst Note

| Jon Mills |

No-moat Teck reported a solid third-quarter 2022, driven by cost increases and lower commodity prices partially offset by foreign exchange. Adjusted net profit after tax was down 10% to CAD 920 million or CAD 1.74 per share, compared with third-quarter 2021. Adjusted EBITDA fell to CAD 1.9 billion, down from CAD 2.1 billion. The CAD 200 million decrease in EBITDA versus third-quarter 2021 was mainly due to lower prices and higher unit costs in the copper business, partially offset by improved results in its zinc and steelmaking coal divisions.

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Key Statistics TECK

Company Profile TECK

Business Description

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%. Along with a number of additional copper growth options, Teck’s strategy is to rebalance its portfolio to low carbon metals such as copper.

550 Burrard Street, Suite 3300
Vancouver, BC, V6C 0B3, CAN
Industry Other Industrial Metals & Mining
Employees 10,600

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FAQs for Teck Resources Ltd Class B Stock

Yes. TECK has a forward dividend yield of 1.03%. See TECK’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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TECK’s market cap is 18.60 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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TECK’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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TECK’s price/sales is 1.36.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

TECK’s price/forward earnings is 8.84.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

TECK’s price/book is 1.00.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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TECK’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare TECK’s historical performance against its industry peers and the overall market.