Teck Resources Limited (TECK): Insights At A Glance


    After grabbing 9.88 million shares, the institutional investor is now in possession of 9.88 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 1.89% having worth around $100.09 million. Moreover, Arrowstreet Capital LP increased its share by 43392.0 to have a control over 9.15 million shares. And 1832 Asset Management LP raised its holdings to 0.59 million shares by acquiring 7.58 million shares or 1.45% of the stake.

    Teck Resources Limited (TECK) concluded trading on 08/26/20 at a closing price of $11.51, with 2.84 million shares of worth about $32.74 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -9.23% during that period and on Wednesday the price saw a gain of about 3.14%. Currently the company’s common shares owned by public are about 531.00M shares, out of which, 523.41M shares are available for trading.

    Analysts also issued an outlook of 2.20 for the Teck Resources Limited stock for next 12 months.

    Dodge & Cox Funds – International, American Funds EuroPacific Growth, and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in Teck Resources Limited Dodge & Cox Funds – International is currently holding 9.73 million shares of worth totaling $98.53 million. The company recently came buying 9.73 million shares which brought its stake up to 1.86% of the company’s outstanding shares. American Funds EuroPacific Growth sold -2.63 million shares, after which its hold over company’s outstanding shares shrunk to 1.73%, leaving 9.07 million shares with the mutual fund that have a worth of about $91.85 million. Vanguard Total International Stoc, after selling 7.84 million shares, have now control over 1.50% of the stake in the company. It holds 79102.0 shares of worth $79.44 million.

    Teck Resources Limited (NYSE: TECK) started trading at $11.19, above $0.03 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $11.51, or with a gain of 3.14%. Stock saw a price change of -9.23% in past 5 days and over the past one month there was a price change of 6.08%. Year-to-date (YTD), TECK shares are showing a performance of -33.74% which decreased to -30.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.60 but also hit the highest price of $19.44 during that period. While comparing its average daily trading volume of 3.78 million shares, we see that about 2.84 million changed hands on the day. The stock is currently trading 2.31% above its 20-day simple moving average (SMA20), while that difference is up 5.36% for SMA50 and it goes to -1.82% lower than SMA200.

    Dodge & Cox acquired 9.88 million shares of Teck Resources Limited having value of about $100.09 million. Teck Resources Limited (NYSE: TECK) currently have 531.00M outstanding shares and institutions hold larger chunk of about 64.40% of that. Holding of mutual funds in the company is about 29.31% while other institutional holders and individual stake holders have control over 32.66% and — of the stake respectively.

    The stock has a current market capitalization of $6.40B and its 3Y-monthly beta is at 1.56. It has posted earnings per share of -$2.67 in the same period. It has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TECK, volatility over the week remained 4.58% while standing at 3.71% over the month.

    Analysts are in expectations that Teck Resources Limited (TECK) stock would likely to be making an EPS of $1.09 in the current quarter, while forecast for next quarter ESPS is $0.82 and it is $2.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.91 which is $1.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.91 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -120.20% while it is estimated to increase by 132.20% in next year. EPS is likely to grow at an annualized rate of -13.56% for next 5-years, compared to annual growth of -30.10% made by the stock over the past 5-years.

    Analysts at 20 brokerage firms have issued recommendations for the Teck Resources Limited (TECK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 20 Wall Street analysts, 13 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by National Bank Financial on July 21, 2020 offering a Sector perform rating for the stock and assigned a target price of to it. Coverage by Citigroup stated Teck Resources Limited (TECK) stock as a Neutral in their note to investors on April 22, 2020, suggesting a price target of for the stock. On March 02, 2020, The Benchmark Company Initiated their recommendations, while on February 24, 2020, BofA/Merrill Upgrade their ratings for the stock with a price target of. Stock get a Buy rating from Citigroup on December 16, 2019.


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