The trading price of Teck Resources Ltd (NYSE:TECK) floating higher at last check on current market day and closing at $47.31, 0.39% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $46.85 and $47.42. The company’s P/E ratio in the trailing 12-month period was 75.83, while its 5Y monthly beta was 1.361. In examining the 52-week price action we see that the stock hit a 52-week high of $54.69 and a 52-week low of $34.97. Over the past month, the stock has lost -5.97% in value.
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Teck Resources Ltd, whose market valuation is $34.34 billion at the time of this writing, is expected to release its quarterly earnings report in December. The dividend yield on the company stock is 0.77%, while its Forward Dividend ratio is 0.37. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.39 per share this quarter, however they have predicted annual earnings per share of 2.57 for current year and 2.46 for next year.
Analysts have forecast the company to bring in revenue of 2.49B for the current quarter, with the likely lows of 2.11B and highs of 2.72B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 13.19B.
On the technical side, indicators suggest TECK has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TECK a recommendation rating is 13. Out of them, 2 rate it a Hold, while 10 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Teck Resources Ltd (TECK) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that TECK’s price is currently 0.18% off the SMA20 and -3.19% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.47, and weekly volatility stands at 3.11%. When measured over the past 30 days, the indicator reaches 2.82%. Teck Resources Ltd (NYSE:TECK)’s beta value is currently sitting at 1.05, while the Average True Range indicator is currently displaying 1.57. With analysts defining $27-$55.7023271 as the low and high price targets, we arrive at a consensus price target of $39.79 for the trailing 12-month period. The current price is about 42.93% off the estimated low and -17.74% off the forecast high, based on this estimate. Investors will be thrilled if TECK’s share price rises to $39.7873765, which is the median consensus price. At that level, TECK’s share price would be 15.9% above current price.
To see how Teck Resources Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: TECK stock’s performance was 0.39% at last check in today’s session, and 31.14% in the past year. Teck Resources Ltd has a P/E ratio of 75.83.
An evaluation of the daily trading volume of Teck Resources Ltd (NYSE:TECK) indicates that the 3-month average is 2.96 million. However, this figure has increased over the past 10 days to an average of 3.36.
Currently, records show that 509.67 million of the company’s shares remain outstanding. The insiders hold 2.49% of outstanding shares, whereas institutions hold 72.98%. The stats also highlight that short interest as of 2024-10-31, stood at 6.55 million shares, resulting in a short ratio of 2.37 at that time. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 7.73 million. However, since the stock’s price has seen 12.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
