Teck Resources Limited (TECK) touched a new high 2 times within the past 5 days.


Teck Resources Limited (NYSE:TECK) saw an upside of 0.83% to close Tuesday at $42.72 after adding $0.35 on the day. The 5-day average trading volume is 2,424,920 shares of the company’s common stock. It has gained $42.92 in the past week and touched a new high 2 times within the past 5 days. An average of 3,063,650 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,115,374.

TECK’s 1-month performance is 10.59% or $4.44 on its low of $35.26 reached on 01/04/23. The company’s shares have touched a 52-week low of $24.72 and high of $45.90, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, TECK has achieved 12.96% or $4.90 and has reached a new high 8 times. However, the current price is down -6.93% from the 52-week high price.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


Valuation Metrics

TECK stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.46 while the price-to-book (PB) in the most recent quarter is 1.19, with the price to cash flow ratio at 6.49.

Teck Resources Limited’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.38, while the total debt to equity was 0.39.. In terms of profitability, the gross margin trailing 12 months is 49.30%. The firm’s gross profit as reported stood at $4.05 billion against revenue of $10.76 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Teck Resources Limited’s cash and short-term investments amounted to $72.77 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 613.55% to -$463.43 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected TECK to announce $1.21 per share in earnings in its latest quarter, but it posted $1.31, representing a 8.30% surprise. EBITDA for the quarter stood at more than $1.38 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 24 January was 72.99% to suggest the stock is trending Overbought, with historical volatility in this time period at 22.85%.

The stock’s 5-day moving average is $42.01, reflecting a +4.60% or $1.88 change from its current price. TECK is currently trading +12.63% above its 20-day SMA, +26.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.72% and SMA200 by+11.05%.

Stochastic %K and %D was 95.86% and 91.37% and the average true range (ATR) pointed at 1.29. The RSI (14) points at 68.63%, while the 14-day stochastic is at 97.42% with the period’s ATR at 1.33. The stock’s 9-day MACD Oscillator is pointing at 0.77 and 1.91 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Teck Resources Limited (NYSE: TECK), B. Riley Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock.


Please enter your comment!
Please enter your name here