Teck Resources Ltd (NYSE: TECK) has a price-to-earnings ratio of 23.71x that is above its average ratio. Additionally, the 36-month beta value for TECK is 1.03. 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 505.74M and currently, short sellers hold a 1.09% ratio of that float. The average trading volume of TECK on August 20, 2024 was 3.06M shares.
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TECK) stock’s latest price update
Teck Resources Ltd (NYSE: TECK)’s stock price has decreased by -1.24 compared to its previous closing price of 49.35. However, the company has seen a 4.52% increase in its stock price over the last five trading sessions. investors.com reported 2024-08-02 that China is weighing on copper prices, but surging demand for AI and electric vehicles and looming supply shortfalls should make FCX and TECK big winners.
TECK’s Market Performance
Teck Resources Ltd (TECK) has experienced a 4.52% rise in stock performance for the past week, with a 6.09% rise in the past month, and a -11.01% drop in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 3.57% for TECK. The simple moving average for the past 20 days is 4.73% for TECK’s stock, with a 11.12% simple moving average for the past 200 days.
TECK Trading at 2.29% 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 -11.59% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +6.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.14% lower at present.
During the last 5 trading sessions, TECK rose by +4.25%, which changed the moving average for the period of 200-days by +37.08% in comparison to the 20-day moving average, which settled at $46.68. In addition, Teck Resources Ltd saw 15.31% 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:
- 0.22 for the present operating margin
- 0.28 for the gross margin
The net margin for Teck Resources Ltd stands at 0.09. The total capital return value is set at 0.06. Equity return is now at value 5.49, with 2.60 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 0.23. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 3.92.
Currently, EBITDA for the company is 6.23 billion with net debt to EBITDA at 1.8. When we switch over and look at the enterprise to sales, we see a ratio of 2.87. The receivables turnover for the company is 7.28for 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 1.48.
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.
