In the past week, TECK stock has gone up by 11.19%, with a monthly gain of 11.38% and a quarterly surge of 25.75%. The volatility ratio for the week is 3.46%, and the volatility levels for the last 30 days are 3.47% for Teck Resources Ltd The simple moving average for the past 20 days is 7.38% for TECK’s stock, with a 25.29% simple moving average for the past 200 days.
Is It Worth Investing in Teck Resources Ltd (NYSE: TECK) Right Now?
The price-to-earnings ratio for Teck Resources Ltd (NYSE: TECK) is above average at 22.44x. The 36-month beta value for TECK is also noteworthy at 1.13. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for TECK is 504.22M, and at present, short sellers hold a 1.26% of that float. The average trading volume of TECK on April 29, 2024 was 4.21M shares.
TECK) stock’s latest price update
Teck Resources Ltd (NYSE: TECK) has seen a rise in its stock price by 1.21 in relation to its previous close of 50.38. However, the company has experienced a 11.19% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that Teck Resources’ (TECK) Q1 bottom line reflects the impacts of higher costs, lower steelmaking coal sales volumes and a decline in copper and zinc prices.
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 16.44% 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 able to rebound, for now settling with 0.12% of gains for the given period.
Volatility was left at 3.47%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares surge +9.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.97% upper at present.
During the last 5 trading sessions, TECK rose by +10.07%, which changed the moving average for the period of 200-days by +19.90% in comparison to the 20-day moving average, which settled at $47.70. In addition, Teck Resources Ltd saw 20.63% 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:
- 0.23 for the present operating margin
- 0.3 for the gross margin
The net margin for Teck Resources Ltd stands at 0.11. The total capital return value is set at 0.07. Equity return is now at value 6.16, with 2.88 for asset returns.
Based on Teck Resources Ltd (TECK), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 3.88.
Currently, EBITDA for the company is 6.23 billion with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 3.01. The receivables turnover for the company is 6.52for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In summary, Teck Resources Ltd (TECK) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
