Teck Resources Ltd (NYSE: TECK) has a price-to-earnings ratio that is above its average at 65.93x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for TECK is 511.47M, and at present, short sellers hold a 1.33% of that float. On December 26, 2024, the average trading volume of TECK was 2.94M shares.
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TECK) stock’s latest price update
Teck Resources Ltd (NYSE: TECK) has seen a decline in its stock price by -0.17 in relation to its previous close of 41.25. However, the company has experienced a -2.26% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-16 that TECK & Grid Metals join forces to explore the Makwa nickel project. TECK has the option to acquire up to 70% stake in the project.
TECK’s Market Performance
Teck Resources Ltd (TECK) has seen a -2.26% fall in stock performance for the week, with a -12.11% decline in the past month and a -18.66% plunge in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 2.48% for TECK. The simple moving average for the past 20 days is -6.76% for TECK’s stock, with a -13.32% simple moving average for the past 200 days.
Analysts’ Opinion of TECK
Deutsche Bank gave a rating of “Hold” to TECK, setting the target price at $50 in the report published on October 25th of the current year.
TECK Trading at -11.20% 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 -24.70% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -12.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.25% lower at present.
During the last 5 trading sessions, TECK fell by -2.16%, which changed the moving average for the period of 200-days by -0.79% in comparison to the 20-day moving average, which settled at $44.17. In addition, Teck Resources Ltd saw -1.89% in overturn over a single year, with a tendency to cut further losses.
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 2.19. 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 bad 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.
