The 52-week price range is $2.56-$15.87 and the company has a market capitalization of $4.48 billion. Analysts covering the shares maintain a consensus Hold rating, according to Zacks Investment Research. 5 analyst has rated the stock with a sell rating, 3 has assigned a hold rating, 0 says it’s a buy, and 2 have assigned a strong buy rating to the company.
Teck Resources Ltd (USA) (TCK) on February 11, 2016 reported unaudited annual adjusted profit attributable to shareholders of $188 million, or $0.33 per share, compared with $452 million, or $0.78 per share in 2014. Fourth quarter adjusted profit attributable to shareholders was $16 million, or $0.03 per share, compared with $116 million, or $0.20 per share, in the fourth quarter of 2014. Total non-cash after-tax impairment charges for 2015 amounted to $2.7 billion, of which $536 million was taken in the fourth quarter.
“We were pleased with our operating performance in 2015, meeting our guidance, reducing our costs and raising nearly $1 billion through two streaming transactions to strengthen our balance sheet,” said Don Lindsay, President and CEO. “However, the commodity cycle continues to provide us with a very challenging environment such that our near-term priorities are to keep all of our operations cash flow positive, meet our commitment to Fort Hills with internal sources of funds, evaluate options to further strengthen our liquidity and maintain a strong financial position by ending the year without drawing on our lines of credit.”
Highlights
- Annual adjusted profit attributable to shareholders was $188 million, or $0.33 per share. Fourth quarter adjusted profit attributable to shareholders was $16 million, or $0.03 per share.
- Gross profit before depreciation and amortization in 2015 was $2.6 billion compared with $2.9 billion in 2014. Gross profit before depreciation and amortization was $614 million in the fourth quarter compared with $757 million in the fourth quarter of 2014.
- Cash flow from operations, before working capital changes, was $1.7 billion in 2015 compared with $2.0 billion last year. Cash flow from operations, before working capital changes, was $428 million in the fourth quarter of 2015 compared with $491 million a year ago.
- The loss attributable to shareholders was $459 million in the fourth quarter compared with a profit of $129 million in the fourth quarter of 2014.
- Our quarterly loss included impairment charges of $736 million on a pre-tax basis, including $45 million on our steelmaking coal assets, $93 million on copper and $598 million on the Fort Hills oil sand project resulting in a $536 million after-tax charge. For 2015, total pre-tax asset impairment charges were $3.6 billion and $2.7 billion on an after-tax basis.
- Adjusted EBITDA for 2015 (not including the non-cash impairment charges) was $2.0 billion compared with $2.4 billion in 2014.
- Our liquidity remains strong with a cash balance of $1.8 billion at February 10, and US$3.0 billion available under our revolving credit facility which matures in 2020.
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