Morningstar - Teck Resources Limited Class B (TECK.B) Guidance Unchanged After Teck Resources 1Q; $22 FVE Maintained

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Morningstar

Mathew Hodge

EUR 100.00 For Business Accounts Only

Guidance Unchanged After Teck Resources' 1Q; $22 FVE Maintained

No-moat-rated Teck Resources confirmed its 2019 cost and production guidance for all key commodities despite cold weather affecting first-quarter coking coal and zinc production. Adjusted net profit of CAD 568 million, or CAD 1.00 per share, was down 25% in the first quarter compared with the same period in 2018. Revenue of CAD 3.1 billion was in line with the first quarter of 2018, but this included CAD 212 million of revenue from the low-margin oil sands business. The rest of Teck was affected...

26/04/2019 14 EN

Underlying

Teck Resources Limited Class B

Teck Resources is engaged in mining and related activities including exploration, development, processing, smelting and refining. Co.'s major products are steelmaking coal, copper and zinc. Co. also produces precious metals, lead, molybdenum, electrical power, fertilizers and other metals. Co. also owns an interest in certain oil sands leases and have partnership interests in an oil sands development project and wind power project.

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CA8787422044 Toronto Stock Exchange Canada

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Mathew Hodge

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Guidance Unchanged After Teck Resources' 1Q; $22 FVE Maintained

Teck Resources Ltd: 1 director

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Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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