Teck Resources Ltd [TECK] stock is trading at $47.06, up 1.58%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TECK shares have gain 7.25% over the last week, with a monthly amount drifted -3.21%, 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.
Teck Resources Ltd [TECK] stock has fluctuated between $34.10 and $54.69 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 $47.06 at the most recent close of the market. An investor can expect a potential drop of -14.34% based on the average TECK price forecast.
Analyzing the TECK fundamentals
Teck Resources Ltd [NYSE:TECK] reported sales of 11.49B for the trailing twelve months, which represents a growth of 8.03%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
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 46.47 points at the first support level, and at 45.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.40, and for the 2nd resistance point, it is at 47.73.
Ratios To Look Out For
For context, Teck Resources Ltd’s Current Ratio is 1.48. In addition, the Quick Ratio stands at 0.77 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 22.89.
