Teck Resources Ltd (NYSE:TECK) price on current trading day, rose 2.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $47.81.
A look at the stock’s price movement, the level at last check in today’s session was $46.81, moving within a range at $46.53 and $47.85. The beta value (5-Year monthly) was 1.365 while the PE ratio in trailing twelve months stood at 23.26. Turning to its 52-week performance, $54.69 and $34.10 were the 52-week high and 52-week low respectively. Overall, TECK moved -10.46% over the past month.
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Teck Resources Ltd’s market cap currently stands at around $24.84 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-20. The company has a Forward Dividend ratio of 0.37, with its dividend yield at 0.77%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.22B for the company’s revenue for the quarter, with a low and high estimate of 1.89B and 3.49B respectively. The average forecast suggests down to a -26.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.8B, representing a -10.70% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TECK is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 10 recommend TECK as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TECK’s current price about -4.95% and -1.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.24, while 7-day volatility ratio is 2.81% and 2.72% in the 30-day chart. Further, Teck Resources Ltd (TECK) has a beta value of 1.03, and an average true range (ATR) of 1.67. Analysts have given the company’s stock an average 52-week price target of $39.7873765, forecast between a low of $27 and high of $55.7023271. Looking at the price targets, the low is 43.53% off recent price level in today’s trading while to achieve the yearly target high, it has to move -16.51%. Nonetheless, investors will most likely welcome a 16.78% jump to $39.7873765 which is the analysts’ median price.
If we refocus on Teck Resources Ltd (NYSE:TECK), historical trading data shows that trading volumes averaged 3.69 over the past 10 days and 3.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 509.67 million shares.
The 2.58% of Teck Resources Ltd’s shares are in the hands of company insiders while institutional holders own 74.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.83 million on 2024-09-30, giving us a short ratio of 2.42. Current price change has pushed the stock 14.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TECK stock continues to rise going into the next quarter.
