The stock of Teck Resources Ltd (TECK) has gone down by -2.68% for the week, with a 14.26% rise in the past month and a 2.78% rise in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are 2.56% for TECK. The simple moving average for the last 20 days is 4.02% for TECK’s stock, with a simple moving average of 9.28% for the last 200 days.
Is It Worth Investing in Teck Resources Ltd (NYSE: TECK) Right Now?
Teck Resources Ltd (NYSE: TECK) has a higher price-to-earnings ratio of 12.83x compared to its average ratio. TECK has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for TECK is 504.23M, and currently, short sellers hold a 0.94% ratio of that float. The average trading volume of TECK on March 27, 2024 was 3.67M shares.
TECK) stock’s latest price update
The stock price of Teck Resources Ltd (NYSE: TECK) has jumped by 1.64 compared to previous close of 43.08. Despite this, the company has seen a fall of -2.68% in its stock price over the last five trading days. Kitco reported 2024-03-15 that (Kitco News) – Seventy percent of the world’s remaining copper resources are trapped in low-grade primary sulfide deposits. Being able to release that copper at a low cost, and with minimal capital expenditures is a big deal for the mining industry, says Mike Outwin, co-founder and CEO of privately held Jetti Resources.
Analysts’ Opinion of TECK
JP Morgan gave a rating of “Overweight” to TECK, setting the target price at $52 in the report published on October 17th of the previous year.
TECK Trading at 9.32% 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 -11.26% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares surge +16.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.92% upper at present.
During the last 5 trading sessions, TECK fell by -2.58%, which changed the moving average for the period of 200-days by +3.11% in comparison to the 20-day moving average, which settled at $42.41. In addition, Teck Resources Ltd saw 3.58% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TECK
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.34 for the gross margin
The net margin for Teck Resources Ltd stands at 0.16. The total capital return value is set at 0.09. Equity return is now at value 9.18, with 4.44 for asset returns.
Based on Teck Resources Ltd (TECK), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 9.55.
Currently, EBITDA for the company is 6.23 billion with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.71. The receivables turnover for the company is 6.85for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
To put it simply, Teck Resources Ltd (TECK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
