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News Breaks
February 8, 2013
07:37 EDTTCKTeck Resources weakness overdone, says RBC Capital
After Teck reported higher than expected Q4 EPS but said its 2013 production would be below its year-end capacity, RBC Capital thinks the company is well-positioned to exploit any rebound in coal demand. The firm maintains a $40 price target and Outperform rating.
News For TCK From The Last 14 Days
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April 21, 2015
05:52 EDTTCKTeck Resources continue to experience challening market for products
The company said, "We continue to experience challenging markets for our products and prices for some of our products have declined significantly in the last year. Commodity markets have historically been volatile, prices can change rapidly and customers can alter shipment plans. This can have a substantial effect on our business. Demand for coal, particularly in China, is weakening. Increased supply from Australian mines has also put downward pressure on coal prices. While we believe that the longer term fundamentals for steelmaking coal, copper and zinc are favorable, the weakness in some of these markets may persist for some time. We are also significantly affected by foreign exchange rates. For the twelve months to December 31, 2014, the U.S. dollar strengthened by approximately 9% against the Canadian dollar, which has had a positive effect on the profitability of our Canadian operations. It will, to a lesser extent, put upward pressure on the portion of our operating costs and capital spending that is denominated in U.S. dollars. In the first quarter of 2015 the U.S. dollar has strengthened by a further 9% against the Canadian dollar."
05:52 EDTTCKTeck Resources sees Q2 coal sales to be around 6M tonnes
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05:51 EDTTCKTeck Resources reports Q1 adjusted EPS C11c, consensus C15c
Reports Q4 revenue C$2.02B vs. C$2.11B. The company commented, "Commodity markets continue to be challenging. Prices for steelmaking coal have fallen further since the beginning of the year and the market for steelmaking coal remains oversupplied, primarily due to indications of weakening demand in China."
05:51 EDTTCKTeck Resources reports Q1 Pend Oreille production of 6K tonnes
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April 20, 2015
15:37 EDTTCKNotable companies reporting before tomorrow's open
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April 13, 2015
10:00 EDTTCKOn The Fly: Analyst Downgrade Summary
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09:32 EDTTCKTeck Resources provides update on Fort Hills marketing and logistics
Teck Resources announced that it has put in place an important step of its marketing and logistics plan for its 36,000 barrels per day, or bpd, share of bitumen production from the Fort Hills oil sands project, securing storage and terminal service capacity. Teck has reached agreement with Gibson Energy for the construction of a 500,000 barrel dedicated storage tank at the Gibson terminal in Hardisty, Alberta, a major hub for pipeline transportation throughout North America with connectivity to the Enbridge and Keystone export pipelines as well as area unit train loading facilities.
06:07 EDTTCKTeck Resources downgraded to Neutral from Buy at UBS
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