Currently, Teck Resources Ltd [TECK] is trading at $42.23, up 0.48%. 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 gain 3.03% over the last week, with a monthly amount drifted -7.17%, 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.
This stock has fluctuated between a low of $36.21 and a high of $54.69 over the last 52 weeks. 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 $42.23 at the most recent close of the market. An investor can expect a potential drop of -4.55% based on the average TECK price forecast.
Analyzing the TECK fundamentals
Trailing Twelve Months sales for Teck Resources Ltd [NYSE:TECK] were 10.90B which represents -21.91% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
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 41.67 points at the first support level, and at 41.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.82, and for the 2nd resistance point, it is at 43.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Teck Resources Ltd [NYSE:TECK] is 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 2.01, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 67.68.
