Analysts Issue Research Notes On Teck Resources Limited (TECK)

Teck Resources Limited (NYSE:TECK) traded with a subtraction of -$1.53 to $24.17 on Wednesday, a downside of -5.95 percent. An average of 3,340,010 shares of common stock have been traded in the last five days. There was a fall of -$0.64 in the past week. The last 20 days have seen an average of 5,734,822 shares traded, while the 50-day average volume stands at 4,755,321.

TECK stock has increased by 4.39% in the last month. The company shares reached their 1-month lowest point of $22.75 on 09/20/21. With the stock rallying to its 52-week high on 09/15/21, shares of the company touched a low of $11.91 and a high of $27.08 in 52 weeks. In spite of this, the price is down -10.75% from the 52-week high.


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Valuation Metrics

Teck Resources Limited (TECK) has a trailing price-to-earnings (P/E) ratio of 112.72, which compares with the 20.90 for the broader industry and 12.82 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Teck Resources Limited’s PE ratio has ranged between 104.88 and 4.080. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.73, the price-to-book (PB) ratio at 0.84.

Financial Health

The quick ratio of Teck Resources Limited for the three months ended June 29 was 0.60, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.43 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 21.50% against a 5-year average of 28.8%. Teck Resources Limited’s EBITDA margin for the year ending June 29 is 25.17%, while its operating margin for the same period stands at 7.60%. Its gross profit as reported stood at $995.09 million compared to revenue of $6.68 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Teck Resources Limited’s return on assets was 0.40%, compared to 2.8% over the last five years. In the past year, the return on investment has been -2.60%, and the 5-year average is 4.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been 0.80% and the 5-year average holds at 5.3%. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Teck Resources Limited had $72.77 million in cash. The analyst consensus anticipated Teck Resources Limited’s latest quarter earnings to come in at $0.51 per share, but it turned out to be $0.5, a -2.00% surprise. For the quarter, EBITDA amounted to $749.33 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Teck Resources Limited (TECK) price momentum. RSI 9-day as of the close on 05 October was 44.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.19%.

As of today, TECK’s price is $25.18 -2.57% or -$0.64 from its 5-day moving average. TECK is currently trading +1.93% higher than its 20-day SMA and -4.71% lower than its 100-day SMA. However, the stock’s current price level is +12.00% above the SMA50 and +35.74% above the SMA200.

The stochastic %K and %D were 67.91% and 66.20%, respectively, and the average true range (ATR) was 1.06. With the 14-day stochastic at 45.17% and the average true range at 1.08, the RSI (14) stands at 48.80%. The stock has reached 0.19 on the 9-day MACD Oscillator while the 14-day reading was at 0.48.

Analyst Ratings

Citigroup upgraded Teck Resources Limited (NYSE: TECK) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Teck Resources Limited (TECK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TECK, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 14 others rate it as a “buy”.

What is TECK’s price target for the next 12 months?

Analysts predict a range of price targets between $23.37 and $39.45, with a median target of $31.02. Taking a look at these predictions, the average price target given by analysts for Teck Resources Limited (TECK) stock is $30.34.

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