Teck Resources Limited (NYSE:TECK) saw an upside of 2.50% to close Monday at $25.82 after adding $0.63 on the day. The 5-day average trading volume is 4,077,480 shares of the company’s common stock. It has gained $26.11 in the past week. An average of 6,029,455 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,861,674.
TECK’s 1-month performance is 8.12% or $1.20 on its low of $22.75 reached on 09/20/21. The company’s shares have touched a 52-week low of $11.91 and high of $27.08, with the stock’s rally to the 52-week high happening on 09/15/21. YTD, TECK has achieved 42.26% or $7.67. However, the current price is down -4.65%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 104.88 and a low of 4.080. TECK stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.74 while the price-to-book (PB) in the most recent quarter is 0.85.
Teck Resources Limited pays an annual dividend of $0.16 per share. Its dividend yield is 0.62% and the payout ratio is 83.40%. TECK’s most recent quarterly dividend payment was made on Sep. 29, when it paid $0.0397 a share compared with prior rate of $0.0404, down -1.76% from last year’s. Measured over the last 3 years, the Dividend has been growing by -61.46% yearly.
It is projected that Teck Resources Limited’s next ex-dividend date will be on 13-Dec-2021. TECK is expected to distribute $0.044 as its next dividend.
Teck Resources Limited’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 1.30 meaning that TECK stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.41, while the total debt to equity was 0.43. In terms of profitability, the gross margin trailing 12 months is 21.50%The trailing 12-month EBITDA margin is 25.17% while for the period ending June 29; Teck Resources Limited’s operating margin was 7.60%. The firm’s gross profit as reported stood at $995.09 million against revenue of $6.68 billion.
For the quarterly period ending June 29 this year, Teck Resources Limited’s cash and short-term investments amounted to $72.77 million against total debt of $8.91 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TECK to announce $0.51 per share in earnings in its latest quarter, but it posted $0.5, representing a -2.00% surprise. EBITDA for the quarter stood at more than $749.33 million. TECK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 17.55 billion, with total debt at $8.91 billion
Let’s look briefly at Teck Resources Limited (TECK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 63.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.08%.
The stock’s 5-day moving average is $25.14, reflecting a +2.50% or $0.63 change from its current price. TECK is currently trading +4.87% above its 20-day SMA, +2.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +23.01% and +40.40% respectively.
Stochastic %K and %D was 59.05% and 53.53% and the average true range (ATR) pointed at 1.06. The RSI (14) points at 60.35%, while the 14-day stochastic is at 70.90% with the period’s ATR at 1.08. The stock’s 9-day MACD Oscillator is pointing at 0.29 and 0.34 on the 14-day charts.
In the most recent analyst report for Teck Resources Limited (NYSE: TECK), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for TECK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TECK as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 have offered a “buy” rating.
What is TECK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $23.37 and a high of $39.45, with their median price target at $30.38. Looking at these predictions, the average price target given by analysts is for Teck Resources Limited (TECK) stock is $30.20.