At the time of writing, Teck Resources Ltd [TECK] stock is trading at $45.70, up 1.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TECK shares have lost -0.59% over the last week, with a monthly amount drifted -4.03%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On November 10, 2023, upgrade upgraded it’s rating to Outperform. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $52 on October 17, 2023. National Bank Financial upgraded its rating to a Outperform. Wolfe Research downgraded its rating to Peer Perform for this stock on July 11, 2023. In a note dated April 27, 2023, National Bank Financial downgraded an Sector Perform rating on this stock.
For the past year, the stock price of Teck Resources Ltd fluctuated between $34.38 and $55.13. 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 $45.70 at the most recent close of the market. An investor can expect a potential drop of -11.79% based on the average TECK price forecast.
Analyzing the TECK fundamentals
According to Teck Resources Ltd [NYSE:TECK], the company’s sales were 11.49B for trailing twelve months, which represents an 8.03% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
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 44.72 points at the first support level, and at 43.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.35, and for the 2nd resistance point, it is at 47.01.
Ratios To Look Out For
It is important to note that Teck Resources Ltd [NYSE:TECK] has a current ratio of 1.48. As well, the Quick Ratio is 0.77, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 22.23.
