At the time of writing, Teck Resources Ltd [TECK] stock is trading at $45.20, down -1.44%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TECK shares have lost -0.48% over the last week, with a monthly amount drifted -2.65%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Teck Resources Ltd [NYSE: TECK] stock has seen the most recent analyst activity on December 10, 2024, when National Bank Financial downgraded its rating to a Sector Perform. Previously, UBS downgraded its rating to Neutral on November 11, 2024. On October 25, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $50 on the stock. UBS upgraded its rating to a Buy. In a note dated November 10, 2023, Wolfe Research upgraded an Outperform rating on this stock.
For the past year, the stock price of Teck Resources Ltd fluctuated between $36.21 and $54.69. 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 $45.20 at the most recent close of the market. An investor can expect a potential drop of -10.82% based on the average TECK price forecast.
Analyzing the TECK fundamentals
According to Teck Resources Ltd [NYSE:TECK], the company’s sales were 10.90B for trailing twelve months, which represents an -21.91% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.15%, 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 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 44.87 points at the first support level, and at 44.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.67, and for the 2nd resistance point, it is at 46.13.
Ratios To Look Out For
It is important to note that Teck Resources Ltd [NYSE:TECK] has a current ratio of 2.92. Also, the Quick Ratio is 2.35, while the Cash Ratio stands at 1.7. Considering the valuation of this stock, the price to sales ratio is 2.15, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 72.44.
