At the time of writing, Teck Resources Ltd [TECK] stock is trading at $46.27, up 3.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The TECK shares have gain 3.49% over the last week, with a monthly amount drifted -0.77%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Teck Resources Ltd [NYSE: TECK] stock has seen the most recent analyst activity on September 04, 2024, when UBS upgraded its rating to a Buy. On January 16, 2024, UBS initiated with a Buy rating. Wolfe Research upgraded its rating to a Outperform. JP Morgan initiated its recommendation with a Overweight and recommended $52 as its price target on October 17, 2023. National Bank Financial upgraded its rating to Outperform for this stock on July 28, 2023. In a note dated July 11, 2023, Wolfe Research downgraded an Peer 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 $46.27 at the most recent close of the market. An investor can expect a potential drop of -12.88% 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 45.56 points at the first support level, and at 44.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.74, and for the 2nd resistance point, it is at 47.21.
Ratios To Look Out For
It is important to note that Teck Resources Ltd [NYSE:TECK] has a current ratio of 1.48. On the other hand, the Quick Ratio is 0.77, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 22.51.
