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TECK

Teck Resources Limited · NYSE · Basic Materials

Price$66.44+0.82% · +$0.54
Market cap32.09BEquity value
P / E22.1Trailing ratio
Volume2.11MLatest session
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TECKJul 25, 2024+3.19% since signal

Teck Resources (TECK) Q2 Earnings Beat Estimates, Decline Y/Y

TECK's Q2 2024 EPS of 58 cents exceeded estimates by 23%. Cash proceeds of $7.3 billion from EVR sale will reduce debt. Copper sales surged 87%, while steelmaking coal prices declined. TECK is transitioning to a pure-play energy transition metals company. Shareholder returns authorized up to $3.5 billion from coal business sale.

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