Teck Resources Ltd (NYSE:TECK) price on current trading day, fall -3.47% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $32.24.
A look at the stock’s price movement, the level at last check in today’s session was $33.40, moving within a range at $31.35 and $32.74. The beta value (5-Year monthly) was 1.327 while the PE ratio in trailing twelve months stood at 71.61. Turning to its 52-week performance, $54.69 and $28.32 were the 52-week high and 52-week low respectively. Overall, TECK moved -19.44% over the past month.
Teck Resources Ltd’s market cap currently stands at around $16.20 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19. The company has a Forward Dividend ratio of 0.36, with its dividend yield at 1.11%. 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 2.16B for the company’s revenue for the quarter, with a low and high estimate of 2.07B and 2.23B respectively. The average forecast suggests down to a -45.96% 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 10.41B, representing a -22.89% 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 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 -14.60% and -19.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.46, while 7-day volatility ratio is 12.86% and 5.66% in the 30-day chart. Further, Teck Resources Ltd (TECK) has a beta value of 0.81, and an average true range (ATR) of 2.49. 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 16.25% off recent price level in today’s trading while to achieve the yearly target high, it has to move -72.77%. Nonetheless, investors will most likely welcome a -23.41% 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 5.65 over the past 10 days and 3.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 498.74 million shares.
The 3.79% of Teck Resources Ltd’s shares are in the hands of company insiders while institutional holders own 72.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.29 million on 2025-03-14, giving us a short ratio of 2.21. Current price change has pushed the stock -20.45% 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.
