Technical Outlook And Game Plan For Teck Resources Ltd (NYSE: TECK)

Teck Resources Ltd (TECK) concluded trading on Thursady at a closing price of $38.63, with 6.52 million shares of worth about $252.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.36% during that period and on Thursady the price saw a gain of about 1.36%. Currently the company’s common shares owned by public are about 519.80M shares, out of which, 506.10M shares are available for trading.

However, the stock later moved at a day high price of 39.98, or with a gain of 1.36%. Stock saw a price change of 2.49% in past 5 days and over the past one month there was a price change of -1.05%. Year-to-date (YTD), TECK shares are showing a performance of -8.61% which decreased to -9.83% 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 3.44 million. The stock is currently trading -0.65% below its 20-day simple moving average (SMA20), while that difference is down -2.37% for SMA50 and it goes to -3.74% lower than SMA200.

Teck Resources Ltd (NYSE: TECK) currently have 519.80M outstanding shares and institutions hold larger chunk of about 75.81% of that.

The stock has a current market capitalization of $20.08B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 12.40, 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 2.53% while standing at 2.32% 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 $1.06 and it is $3.63 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.48 which is $1.23 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 rise by 10.05% while it is estimated to decrease by -40.91% in next year.

Stock get a Peer perform rating from Wolfe Research on July 11, 2023.

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