Teck Resources

Teck Resources Limited is a resource company, which engages in mining and development of mineral properties. It organized into business units focused on steelmaking coal, copper, zinc, and energy. The firm also offers lead, silver, molybdenum and various specialty and other metals, chemicals and fertilizers. It focuses on its project operations located in Canada, Peru, Chile, and U.S. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

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Teck Resources reports robust Q2 earnings post coal business sale

Teck Resources delivered strong financial performance in Q2 2024, driven by copper production and strategic divestment of the coal business. While facing short-term challenges in production guidance, the company's focus on growth projects and shareholder returns highlights a promising future outlook.

Teck Resources excels in energy transition metals, faces QB challenges

Teck Resources showcased strong operational performance, financial discipline, and commitment to sustainability in the Q3 earnings call. Despite challenges in QB operations, the company's strategic focus on safety and value-driven initiatives positions it well for future growth.

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Teck Resources Limited is a resource company, which engages in the exploration, acquisition, development, production, and sale of natural resources. Its products include steelmaking coal, copper, zinc, industrial products and fertilizers, and other metals. Its project operations are located in Canada, Peru, U.S., and Chile. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

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VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced it has agreed to sell its entire interest in its steelmaking coal business, Elk Valley Resources (“EVR”), through a sale of a majority stake to Glencore plc (“Glencore”) for an implied enterprise value of US$9.0 billion, and a sale of a minority stake to Nippon Steel Corporation (“NSC”).

Teck Announces Full Sale of Steelmaking Coal Business

The companies are said to be in advanced talks on a deal that would value the coal assets at close to $10 billion.

Teck Resources Nears Deal to Sell Coal Business to Glencore

VANCOUVER, British Columbia, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that Harry “Red” Conger will retire as President and Chief Operating Officer and step down from Teck's board of directors, effective November 1, 2023.

Teck Announces Red Conger to Retire

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Teck Resources (TECK) Right Now?

Teck Resources Limited reported Q3 earnings and faced a selloff due to higher cost estimates for its QB2 copper project in Chile. Glencore is still in the race to acquire Teck's coal business and has reserved cash for potential M&A. Nippon Steel is reported to want to buy a 10% stake in Teck's coal business for C$1.15 billion, valuing the overall business at about C$11.5 billion.

The Teck Resources Saga Continues: Deciphering The Company's Next Move

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Stock markets were broadly higher on Tuesday. TransUnion shares fell as the credit reporting bureau expects slower growth in the U.S. and U.K. Teck Resources reported lower revenue and profits as commodity prices eased.

Wall Street Showed No Mercy to These 2 Stocks Tuesday

(Kitco News) - Shares of Canadian mining group Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) are trading lower today after the company announced its unaudited results for Q3 2023.

Teck drops on Q3 results; lowers 2023 production guidance for copper, moly and steelmaking coal

VANCOUVER, British Columbia, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) noted that today, following recent receipt of feedback from regulators, it has withdrawn the environmental permit application for the Quebrada Blanca Mill Expansion (“QBME”) project to allow time to consider this feedback, better understand the full capability of QB, and submit a revised permit application.

Teck Provides Update on QBME Regulatory Application

Teck Resources Ltd (TSX:TECK.B) reported a year-over-year decline in revenues and profits for the third quarter of 2023 but analysts at Jefferies remain positive on the miner at its current stock price. For the quarter, the company reported revenue of C$3.56 billion, compared to C$4.26 billion in the year-ago quarter and below the Street estimate of C$3.6 billion.

Teck Resources 3Q earnings miss estimates as miner raises QB2 project cost guidance

Teck Resources Ltd (TECK) Q3 2023 Earnings Call Transcript

Teck Resources Ltd (TECK) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.33 per share a year ago.

Teck Resources Ltd (TECK) Q3 Earnings and Revenues Lag Estimates

VANCOUVER, British Columbia, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced its unaudited third quarter results for 2023. “We made solid progress on the ramp-up of our flagship QB2 copper project, generating gross profit in the third quarter, and we remain on track to achieve design throughput by year end," said Jonathan Price, CEO.

Teck Reports Unaudited Third Quarter Results for 2023

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

Teck Resources (TECK) Q3 Coal Volume Dips Y/Y Due to Wildfire

Teck Resources Ltd (TECK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Teck Resources Ltd (TECK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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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 to Release Third Quarter 2023 Results on October 24, 2023

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Teck Resources Limited may be acquired by Glencore or undergo restructuring to become a pure-play copper company. Demand for copper is expected to increase in the next two years, but there is limited supply coming online. Teck Resources plays a pivotal role in the electrification of the world and has the potential for significant stock appreciation by 2024.

Teck Resources: Copper's Bright Future And Corporate Efforts

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.

Teck Resources Continues To Benefit From Multi-Sided Growth, Revenue Diversity

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.

Glencore likely to acquire Teck's metallurgical coal assets by end of 2023

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.

Teck Resources: A Mixed Bag Of Indicators

Toronto, Ontario--(Newsfile Corp. - September 7, 2023) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed the previously announced strategic investment in the Company by Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) ("Teck") through a structured charity flow-through financing on a private placement basis. The Company has issued 5,940,000 common shares on a flow-through basis (the "Charity FT Shares") at a price of C$0.4503 per Charity FT Share for issue proceeds of approximately $2.67 million (the "Offering").

American Eagle Gold Closes C$2.67 Million Financing

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.

Glencore might face Indian rival for Teck's coal arm

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

Teck Resources (TECK) Inks Deal With NORDEN to Lower Emission

VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- NORDEN and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced an agreement to reduce CO² emissions in Teck's steelmaking coal supply chain.

News for Teck Resources Stock (TECK)