The stock of Teck Resources Ltd (TECK) has gone up by 3.16% for the week, with a -6.80% drop in the past month and a 8.41% rise in the past quarter. The volatility ratio for the week is 2.64%, and the volatility levels for the past 30 days are 2.45% for TECK. The simple moving average for the past 20 days is 2.83% for TECK’s stock, with a 0.57% simple moving average for the past 200 days.
Is It Worth Investing in Teck Resources Ltd (NYSE: TECK) Right Now?
Teck Resources Ltd (NYSE: TECK) has a price-to-earnings ratio of 76.27x 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 10 analysts rating it as a “buy,” 7 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for TECK is 506.68M and currently, short sellers hold a 1.25% ratio of that float. The average trading volume of TECK on December 09, 2024 was 2.95M shares.
TECK) stock’s latest price update
Teck Resources Ltd (NYSE: TECK)’s stock price has soared by 5.85 in relation to previous closing price of 44.96. Nevertheless, the company has seen a gain of 3.16% in its stock price over the last five trading days. globenewswire.com reported 2024-12-02 that VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Emma Chapman as Vice President, Investor Relations, effective December 1, 2024. Ms. Chapman succeeds Fraser Phillips, who will retire in early 2025.
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 -1.34% 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 -12.98% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.64%, as shares sank -1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.74% lower at present.
During the last 5 trading sessions, TECK rose by +3.74%, which changed the moving average for the period of 200-days by +20.85% in comparison to the 20-day moving average, which settled at $46.29. In addition, Teck Resources Ltd saw 13.49% 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 2.47. 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
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’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.
