Teck Resources Ltd (TECK) concluded trading on 01/10/24 at a closing price of $38.71, with 3.04 million shares of worth about $117.58 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.86% during that period and on Wednesday the price saw a loss of about -0.82%. Currently the company’s common shares owned by public are about 505.95M shares, out of which, 505.95M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the TECK stock and their offered price forecasts bring an average price target of $64.16. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $72.00 and could fall to a lowest price of $47.50. The stock’s current price level is 18.86% above of average price target set by the analysts, while a rise to estimated low would result in gain of 18.51% for the stock. However, touching the estimated high of $72.00 would mean a gain of 46.24% for the stock.
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Teck Resources Ltd (NYSE: TECK) started trading at $38.91, below -$0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 39.31, or with a loss of -0.82%. Stock saw a price change of -4.58% in past 5 days and over the past one month there was a price change of -0.05%. Year-to-date (YTD), TECK shares are showing a performance of -8.42% which decreased to -1.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.48 but also hit the highest price of $49.34 during that period. The average intraday trading volume for Teck Resources Ltd shares is 3.67 million. The stock is currently trading -5.47% below its 20-day simple moving average (SMA20), while that difference is up 1.33% for SMA50 and it goes to -5.00% lower than SMA200.
Teck Resources Ltd (NYSE: TECK) currently have 505.95M outstanding shares and institutions hold larger chunk of about 75.13% of that.
The stock has a current market capitalization of $20.12B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 12.43, while it has posted earnings per share of $3.11 in the same period. It has Quick Ratio of 0.68 while making debt-to-equity ratio of 0.40. 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 2.32% while standing at 2.42% over the month.
Analysts are in expectations that Teck Resources Ltd (TECK) stock would likely to be making an EPS of $1 in the current quarter, while forecast for next quarter EPS is $1.21 and it is $4.28 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $1.3 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 $0.79 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -44.00% while it is estimated to increase by 4.17% in next year.
Analysts at 18 brokerage firms have issued recommendations for the Teck Resources Ltd (TECK)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.39. Out of those 18 Wall Street analysts, 15 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
