The price-to-earnings ratio for Teck Resources Ltd (NYSE: TECK) is above average at 11.68x, while the 36-month beta value is 1.05.Analysts have differing opinions on the stock, with 15 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Teck Resources Ltd (TECK) is $47.61, which is $11.24 above the current market price. The public float for TECK is 506.05M, and currently, short sellers hold a 2.41% ratio of that floaft. The average trading volume of TECK on November 21, 2023 was 3.41M shares.
TECK) stock’s latest price update
Teck Resources Ltd (NYSE: TECK) has experienced a rise in its stock price by 1.03 compared to its previous closing price of 36.00. However, the company has seen a fall of -0.22% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-17 that Stock Strategist Andrew Rocco divulges valuable insights from the world’s best and brightest investors.
TECK’s Market Performance
TECK’s stock has fallen by -0.22% in the past week, with a monthly drop of -7.62% and a quarterly drop of -9.95%. The volatility ratio for the week is 4.50% while the volatility levels for the last 30 days are 3.64% for Teck Resources Ltd The simple moving average for the last 20 days is 1.25% for TECK’s stock, with a simple moving average of -10.73% for the last 200 days.
TECK Trading at -6.89% from the 50-Day Moving Average
After a stumble in the market that brought TECK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.29% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares sank -6.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.49% lower at present.
During the last 5 trading sessions, TECK fell by -0.22%, which changed the moving average for the period of 200-days by -14.86% in comparison to the 20-day moving average, which settled at $35.80. In addition, Teck Resources Ltd saw -2.85% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TECK
Current profitability levels for the company are sitting at:
- +43.81 for the present operating margin
- +48.18 for the gross margin
The net margin for Teck Resources Ltd stands at +23.61. The total capital return value is set at 21.79, while invested capital returns managed to touch 12.25. Equity return is now at value 8.50, with 4.22 for asset returns.
Based on Teck Resources Ltd (TECK), the company’s capital structure generated 39.32 points at debt to equity in total, while total debt to capital is 28.22. Total debt to assets is 19.13, with long-term debt to equity ratio resting at 36.39. Finally, the long-term debt to capital ratio is 26.12.
When we switch over and look at the enterprise to sales, we see a ratio of 2.41, with the company’s debt to enterprise value settled at 0.27. The receivables turnover for the company is 9.60 and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
In a nutshell, Teck Resources Ltd (TECK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.