Some Investing Thoughts On Teck Resources Ltd (NYSE: TECK)

Teck Resources Ltd (TECK) concluded trading on Wednesday at a closing price of $33.40, with 10.41 million shares of worth about $347.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.69% during that period and on April 09, 2025 the price saw a gain of about 14.97%. Currently the company’s common shares owned by public are about 498.74M shares, out of which, 483.47M shares are available for trading.

Stock saw a price change of -11.17% in past 5 days and over the past one month there was a price change of -13.29%. Year-to-date (YTD), TECK shares are showing a performance of -17.59% which decreased to -28.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.35 but also hit the highest price of $54.69 during that period. The average intraday trading volume for Teck Resources Ltd shares is 3.66 million. The stock is currently trading -12.49% below its 20-day simple moving average (SMA20), while that difference is down -16.60% for SMA50 and it goes to -25.59% lower than SMA200.

Teck Resources Ltd (NYSE: TECK) currently have 498.74M outstanding shares and institutions hold larger chunk of about 72.71% of that.

The stock has a current market capitalization of $16.78B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 74.19, while it has posted earnings per share of $0.45 in the same period. It has Quick Ratio of 2.28 while making debt-to-equity ratio of 0.38. 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 12.86% while standing at 5.66% over the month.

Analysts are in expectations that Teck Resources Ltd (TECK) stock would likely to be making an EPS of 0.33 in the current quarter, while forecast for next quarter EPS is 0.36 and it is 2.84 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.15 which is 0.57 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 0.75 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -23.65% while it is estimated to increase by 39.53% in next year.

On November 11, 2024, UBS Downgrade their recommendations, while on October 25, 2024, Deutsche Bank Downgrade their ratings for the stock with a price target of $50. Stock get a Buy rating from UBS on September 04, 2024.

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