Teck Resources Limited (NYSE:TECK) finished Wednesday with an addition of $0.08 to close at $28.14, an upside of 0.29 percent. An average of 3,581,580 shares of common stock have been traded in the last five days. There was a gain of $3.59 in the past week. The last 20 days have seen an average of 4,946,785 shares traded, while the 50-day average volume stands at 4,850,182.
TECK stock has increased by 8.90% 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 10/11/21, shares of the company touched a low of $11.91 and a high of $28.54 in 52 weeks. In spite of this, the price is down -1.40% from the 52-week high.
A Backdoor Way To Profit From Today’s Crypto Bull Market
In any crypto bull market, there's a lot of money to be made.
But what if we told you the best opportunities are not cryptocurrencies themselves… but instead, simply crypto stocks?
This strategy is simply and ridiculously easy.
Here are 6 ways to gain exposure to crypto outside the norm. This is arguably the safest bet you can make.
Teck Resources Limited (TECK) has a trailing price-to-earnings (P/E) ratio of 122.35, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, Teck Resources Limited’s PE ratio has ranged between 110.12 and 4.080. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.84, the price-to-book (PB) ratio at 0.91.
Teck Resources Limited pays a $0.16 dividend per share annually. It offers a dividend yield of 0.57%. The company has a payout ratio of 82.50%. The company’s most recent quarterly dividend payment took place on Sep. 29, and it was $0.0397 a share, representing a down of -1.76 from $0.0404 last year. Its latest decrease dividend $0.0007 reported on Thursday August 26 2021. Dividends have grown by -61.46% each year over the last three years.
Teck Resources Limited will next go ex-dividend on 13-Dec-2021. The next dividend payment Teck Resources Limited will make is expected to be $0.044.
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 not 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.
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.
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 13 October was 73.09%, suggesting the stock is Overbought, with historical volatility in this time frame at 41.80%.
As of today, TECK’s price is $27.31 +14.62% or $3.59 from its 5-day moving average. TECK is currently trading +5.00% higher than its 20-day SMA and +21.87% higher than its 100-day SMA. However, the stock’s current price level is +25.85% above the SMA50 and +59.70% above the SMA200.
The stochastic %K and %D were 86.98% and 88.61%, respectively, and the average true range (ATR) was 1.10. With the 14-day stochastic at 91.42% and the average true range at 1.11, the RSI (14) stands at 67.97%. The stock has reached 1.51 on the 9-day MACD Oscillator while the 14-day reading was at 2.04.
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 $40.11, with a median target of $31.04. Taking a look at these predictions, the average price target given by analysts for Teck Resources Limited (TECK) stock is $30.80.