Teck Resources Ltd (NYSE: TECK) has a higher price-to-earnings ratio of 24.88x compared to its average ratio. TECK has 36-month beta value of 1.03. 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.”
The public float for TECK is 506.19M, and currently, short sellers hold a 1.55% ratio of that float. The average trading volume of TECK on October 08, 2024 was 3.14M shares.
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TECK) stock’s latest price update
Teck Resources Ltd (NYSE: TECK)’s stock price has plunge by -1.31relation to previous closing price of 51.82. Nevertheless, the company has seen a -2.11% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-04 that VANCOUVER, British Columbia, Oct. 04, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Lyndon Arnall as Executive Vice President and Chief Legal and Sustainability Officer, effective November 1, 2024. Mr. Arnall will succeed Charlene Ripley, who has confirmed her intention to retire at the end of this year.
TECK’s Market Performance
TECK’s stock has fallen by -2.11% in the past week, with a monthly rise of 18.53% and a quarterly rise of 6.77%. The volatility ratio for the week is 1.98% while the volatility levels for the last 30 days are 2.43% for Teck Resources Ltd The simple moving average for the past 20 days is 4.42% for TECK’s stock, with a 12.69% simple moving average for the past 200 days.
TECK Trading at 7.67% 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 -6.49% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares surge +15.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.78% upper at present.
During the last 5 trading sessions, TECK fell by -2.11%, which changed the moving average for the period of 200-days by +20.53% in comparison to the 20-day moving average, which settled at $49.39. In addition, Teck Resources Ltd saw 21.95% 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 4.17.
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 2.98. 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
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.
