Is Wall Street High Or Low On Teck Resources Limited (TECK)?


Teck Resources Limited (NYSE:TECK) finished Thursday with an addition of $0.69 to close at $31.41, an upside of 2.25 percent. An average of 4,852,380 shares of common stock have been traded in the last five days. There was a fall of -$0.94 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 4,021,765 shares traded, while the 50-day average volume stands at 4,748,546.

TECK stock has decreased by -12.92% in the last month. The company shares reached their 1-month lowest point of $30.42 on 09/21/22. With the stock rallying to its 52-week high on 06/07/22, shares of the company touched a low of $23.66 and a high of $45.90 in 52 weeks. It has reached a new high 23 times so far this year and achieved 10.02% or $2.59 in price. In spite of this, the price is down -31.57% 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 4.08. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.18, the price-to-book (PB) ratio at 0.88, and the price-to-cash flow ratio at 5.29.

The company has a payout ratio of 4.50%. The company’s most recent quarterly dividend payment was $0.0970 a share, representing a down of -3.0% from $0.10 last year. Its latest decrease dividend $0.0030 reported on Tuesday July 26 2022.

Financial Health

The quick ratio of Teck Resources Limited for the three months ended June 29 was 1.20, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.36 for the quarter ending June 29. Its gross profit as reported stood at $4.05 billion compared to revenue of $10.76 billion.

Earnings Surprise

For the three-month period that ended June 29, Teck Resources Limited had $72.77 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$463.43 million in the quarter, while revenues were grew 613.55%. The analyst consensus anticipated Teck Resources Limited’s latest quarter earnings to come in at $2.38 per share, but it turned out to be $2.54, a 6.70% surprise. For the quarter, EBITDA amounted to $2.55 billion.

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 22 September was 39.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.63%.

As of today, TECK’s price is $31.97 -2.91% or -$0.94 from its 5-day moving average. TECK is currently trading -11.74% lower than its 20-day SMA and -20.40% lower than its 100-day SMA. However, the stock’s current price level is +18.17% above the SMA50 and +18.39% above the SMA200.

The stochastic %K and %D were 17.95% and 25.95%, respectively, and the average true range (ATR) was 1.41. With the 14-day stochastic at 19.53% and the average true range at 1.41, the RSI (14) stands at 43.38%. The stock has reached -1.24 on the 9-day MACD Oscillator while the 14-day reading was at -1.44.

Analyst Ratings

Morgan Stanley upgraded Teck Resources Limited (NYSE: TECK) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for Teck Resources Limited (TECK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TECK, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 18 others rate it as a “buy”.


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