Teck Resources Ltd (NYSE: TECK) has a price-to-earnings ratio of 21.96x that is above its average ratio. Additionally, the 36-month beta value for TECK is 1.09. 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 currently, short sellers hold a 1.26% ratio of that float. The average trading volume of TECK on May 07, 2024 was 4.27M shares.
TECK) stock’s latest price update
The stock price of Teck Resources Ltd (NYSE: TECK) has jumped by 1.22 compared to previous close of 49.29. Despite this, the company has seen a fall of -2.31% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-01 that Teck Resources has had a spectacular run since we initiated our “Strong Buy”. In just three months, TECK has achieved a total return of 23.2%. Our base case scenario sees copper prices matching previous bull markets. This translates into potentially another 40% gain for copper prices to US$6.50/pound. TECK is also among the world’s most attractive pure-play copper producers and would be a decent acquisition target.
TECK’s Market Performance
Teck Resources Ltd (TECK) has seen a -2.31% fall in stock performance for the week, with a 6.76% gain in the past month and a 29.62% surge in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 3.28% for TECK.. The simple moving average for the past 20 days is 3.72% for TECK’s stock, with a 22.04% simple moving average for the past 200 days.
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 11.14% 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 -3.41% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +6.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.98% upper at present.
During the last 5 trading sessions, TECK fell by -2.31%, which changed the moving average for the period of 200-days by +18.19% in comparison to the 20-day moving average, which settled at $48.25. In addition, Teck Resources Ltd saw 18.03% 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 4.19.
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 2.96. 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 conclusion, Teck Resources Ltd (TECK) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
