Teck Resources Ltd [TECK] stock prices are up 4.64% to $49.14 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TECK shares have gain 6.07% over the last week, with a monthly amount glided 18.87%, and seem to be holding up well over a long-time horizon.
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On 5, April 2024, Teck to Release First Quarter 2024 Results on April 25, 2024. In a post published today on Yahoo Finance, Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its first quarter 2024 earnings results before market open on Thursday, April 25, 2024.
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.
The stock price of Teck Resources Ltd [TECK] has been fluctuating between $34.38 and $49.34 over the past year. 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 $49.14 at the most recent close of the market. An investor can expect a potential drop of -17.97% based on the average TECK price forecast.
Analyzing the TECK fundamentals
The Teck Resources Ltd [NYSE:TECK] reported sales of 11.12B for trailing twelve months, representing a surge of 30.41%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
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 48.09 points at the first support level, and at 47.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.76, and for the 2nd resistance point, it is at 50.39.
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’s worth pointing out that Teck Resources Ltd [NYSE:TECK]’s Current Ratio is 1.10. As well, the Quick Ratio is 0.60, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 14.40.
