Teck Resources Ltd (NYSE:TECK) shares, rose in value, with the stock price up by 0.40% to the previous day’s close as strong demand from buyers drove the stock to $43.53.
Actively observing the price movement in the recent trading, the stock is buoying the session at $43.35, falling within a range of $43.39 and $44.06. The value of beta (5-year monthly) is 1.361 whereas the PE ratio is 69.75 over 12-month period. Referring to stock’s 52-week performance, its high was $54.69, and the low was $36.21. On the whole, TECK has fluctuated by 6.31% over the past month.
With the market capitalization of Teck Resources Ltd currently standing at about $22.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.36, with its dividend yield at 0.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.41B, with a low estimate of 2.11B and a high estimate of 2.82B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.54B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TECK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TECK currently trading nearly 3.81% and -0.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.55, while the 7-day volatility ratio is showing 3.14% which for the 30-day chart, stands at 2.33%. Furthermore, Teck Resources Ltd (TECK)’s beta value is 1.04, and its average true range (ATR) is 1.11.
A comparison of Teck Resources Ltd (TECK) with its peers suggests the former has fared considerably weaker in the market. TECK showed an intraday change of 0.40% in today’s session so far, and over the past year, it grew by 12.38%%.
Data on historical trading for Teck Resources Ltd (NYSE:TECK) indicates that the trading volumes over the past 10 days have averaged 3.14 and over the past 3 months, they’ve averaged 2.68 million. According to company’s latest data on outstanding shares, there are 519.60 million shares outstanding.
Nearly 1.57% of Teck Resources Ltd’s shares belong to company insiders and institutional investors own 73.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.8 million shares as on 2024-12-31, resulting in a short ratio of 2.57. The stock has risen by 7.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TECK stock heading into the next quarter.
