Teck Resources Ltd (NYSE: TECK)’s stock price has decreased by -1.70 compared to its previous closing price of 47.10. However, the company has seen a -1.76% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that VANCOUVER, British Columbia, Nov. 18, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been informed that the Toronto Stock Exchange (“TSX”) has accepted Teck’s notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares (“Class B Shares”).
Is It Worth Investing in Teck Resources Ltd (NYSE: TECK) Right Now?
Teck Resources Ltd (NYSE: TECK) has a price-to-earnings ratio that is above its average at 74.20x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for TECK is 506.68M, and at present, short sellers hold a 1.29% of that float. On November 27, 2024, the average trading volume of TECK was 2.98M shares.
TECK’s Market Performance
TECK stock saw a decrease of -1.76% in the past week, with a monthly decline of -3.02% and a quarterly a decrease of -0.85%. The volatility ratio for the week is 1.59%, and the volatility levels for the last 30 days are 2.53% for Teck Resources Ltd (TECK). The simple moving average for the past 20 days is -1.66% for TECK’s stock, with a -1.47% simple moving average for the past 200 days.
Analysts’ Opinion of TECK
Deutsche Bank, on the other hand, stated in their research note that they expect to see TECK reach a price target of $50. The rating they have provided for TECK stocks is “Hold” according to the report published on October 25th, 2024.
TECK Trading at -5.29% 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 -15.34% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -3.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.05% lower at present.
During the last 5 trading sessions, TECK fell by -1.76%, which changed the moving average for the period of 200-days by +22.94% in comparison to the 20-day moving average, which settled at $47.08. In addition, Teck Resources Ltd saw 10.41% 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:
- 0.15 for the present operating margin
- 0.27 for the gross margin
The net margin for Teck Resources Ltd stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 1.68, with 0.88 for asset returns.
Based on Teck Resources Ltd (TECK), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 2.82.
Currently, EBITDA for the company is 5.88 billion with net debt to EBITDA at 0.47. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 6.53for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.92.
Conclusion
To sum up, Teck Resources Ltd (TECK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
