At the time of writing, Teck Resources Ltd [TECK] stock is trading at $41.34, up 0.49%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TECK shares have gain 5.46% over the last week, with a monthly amount glided 7.57%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Teck Reports Unaudited Fourth Quarter Results for 2023. In a post published today on Yahoo Finance, Strong fourth quarter with cash returned to shareholders and record copper production.
From an analyst’s perspective:
Previously, Wolfe Research upgraded its rating to Outperform on November 10, 2023. On October 17, 2023, JP Morgan initiated with a Overweight rating and assigned a price target of $52 on the stock. National Bank Financial upgraded its rating to a Outperform. Wolfe Research downgraded its rating to a Peer Perform. National Bank Financial downgraded its rating to Sector Perform for this stock on April 27, 2023. In a note dated April 04, 2023, B. Riley Securities upgraded an Buy rating on this stock.
For the past year, the stock price of Teck Resources Ltd fluctuated between $32.48 and $49.34. Currently, Wall Street analysts expect the stock to reach $40.31 within the next 12 months. Teck Resources Ltd [NYSE: TECK] shares were valued at $41.34 at the most recent close of the market. An investor can expect a potential drop of -2.49% based on the average TECK price forecast.
Analyzing the TECK fundamentals
According to Teck Resources Ltd [NYSE:TECK], the company’s sales were 11.12B for trailing twelve months, which represents an 30.41% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.89 points at the first support level, and at 40.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.73, and for the 2nd resistance point, it is at 42.11.
Teck Resources Ltd [TECK] reported earnings per share of $1.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1/share, meaning a difference of $0.03 and a surprise factor of 3.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.57 per share as compared to estimates of $0.84 per share, a difference of -$0.27 representing a surprise of -32.10%.
Ratios To Look Out For
It is important to note that Teck Resources Ltd [NYSE:TECK] has a current ratio of 1.10. Further, the Quick Ratio stands at 0.60, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 12.12.
