Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Teck Resources Limited
  6. News
  7. Summary
    TECK.B   CA8787422044

TECK RESOURCES LIMITED

(TECK.B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Teck Resources says Q4 coal sales affected by rail disruptions in B.C.

12/06/2021 | 08:33am EST

VANCOUVERTeck Resources Ltd. says its coal sales in the fourth quarter will be lower than it had earlier estimated due to the heavy rain, flooding and mudslides in B.C. that have disrupted the railways in the province.

The company says it now forecasts its fourth-quarter steelmaking coal sales at 5.2 million to 5.7 million tonnes, compared with earlier expectations for between 6.4 million and 6.8 million tonnes, due to the disruptions in rail shipments to terminals in the B.C. Lower Mainland.

Teck, which has diverted shipments to Ridley Terminals in Prince Rupert, B.C., says when rail service is fully restored it will be able to substantially recover the delayed fourth-quarter sales in the first half of 2022.

Steelmaking coal production this year is expected to be between 24.5 million and 25 million tonnes, compared with previous guidance for nearly 25 million tonnes.

Teck estimated its 2021 annual adjusted site cash cost of sales to be about $64 to $66 per tonne, slightly above its previous guidance for $59 to $64 per tonne. Full-year transportation costs for the year are expected to be between $44 and $46 per tonne compared with earlier guidance for $42 per tonne.

However, the company says the increased costs are more than offset by strong steelmaking coal prices. The average steelmaking coal price for the three months ended Nov. 30 settled at US$371 per tonne, up US$168 per tonne compared with the three-month average at the end of August.

This report by The Canadian Press was first published Dec. 6, 2021.

Companies in this story: (TSX:TECK.B, TSX:TECK.A)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

All news about TECK RESOURCES LIMITED
01/24TECK RESOURCES : Announces New Collective Agreement at Highland Valley Copper Operations -..
PU
01/24Teck announces new collective agreement at highland valley copper operations
AQ
01/24Teck Detailed New Collective Agreement at Highland Valley Copper Operations
MT
01/24Teck Resources Workers at Highland Valley Copper Operations Agree to New Five-Year Deal
MT
01/23Workers at Teck's Highland Valley Copper mine ratify new contract
AQ
01/22Teck Resources announces new contract with union at British Columbia mine
RE
01/22Teck Announces New Collective Agreement at Highland Valley Copper Operations
AQ
01/22Teck Resources Limited Announces New Collective Agreement at Highland Valley Copper Ope..
CI
01/20Teck Resources, DLT Labs to use Blockchain Technology to Track Germanium
MT
01/20TECK RESOURCES : and DLT Partner to Pilot Traceability for Critical Minerals with Blockcha..
PU
More news
Analyst Recommendations on TECK RESOURCES LIMITED
More recommendations
Financials
Sales 2021 13 794 M 10 909 M 10 909 M
Net income 2021 2 884 M 2 281 M 2 281 M
Net Debt 2021 6 785 M 5 366 M 5 366 M
P/E ratio 2021 7,61x
Yield 2021 0,56%
Capitalization 21 615 M 17 054 M 17 093 M
EV / Sales 2021 2,06x
EV / Sales 2022 1,64x
Nbr of Employees 10 000
Free-Float -
Chart TECK RESOURCES LIMITED
Duration : Period :
Teck Resources Limited Technical Analysis Chart | TECK.B | CA8787422044 | MarketScreener
Technical analysis trends TECK RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 40,52 CAD
Average target price 46,14 CAD
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Donald R. Lindsay President, Chief Executive Officer & Director
Jonathan Price Chief Financial Officer & Senior Vice President
Sheila A. Murray Chairman
Harry Milton Conger Chief Operating Officer & Executive Vice President
Mayank M. Ashar Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TECK RESOURCES LIMITED11.23%17 054
BHP GROUP9.88%161 884
RIO TINTO PLC7.60%116 811
GLENCORE PLC3.55%68 388
ANGLO AMERICAN PLC6.80%52 707
GRUPO MÉXICO, S.A.B. DE C.V.-2.76%32 774