Teck Resources Ltd [TECK] stock is trading at $47.13, up 2.08%. 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 1.51% over the last week, with a monthly amount drifted -5.19%, 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 November 11, 2024, when UBS downgraded its rating to a Neutral. Previously, Deutsche Bank downgraded its rating to Hold on October 25, 2024, and kept the price target unchanged to $50. On September 04, 2024, upgrade upgraded it’s rating to Buy. UBS initiated its recommendation with a Buy. Wolfe Research upgraded its rating to Outperform for this stock on November 10, 2023. In a note dated October 17, 2023, JP Morgan initiated an Overweight rating and provided a target price of $52 on this stock.
Teck Resources Ltd [TECK] stock has fluctuated between $34.97 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 $47.13 at the most recent close of the market. An investor can expect a potential drop of -14.47% based on the average TECK price forecast.
Analyzing the TECK fundamentals
Teck Resources Ltd [NYSE:TECK] reported sales of 10.90B for the trailing twelve months, which represents a drop of -21.91%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
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 46.30 points at the first support level, and at 45.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.57, and for the 2nd resistance point, it is at 48.01.
Ratios To Look Out For
For context, Teck Resources Ltd’s Current Ratio is 2.92. Further, the Quick Ratio stands at 2.35, while the Cash Ratio is 1.7. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 75.53.
