Teck Resources Limited (NYSE: TECK) is 17.30% higher on its value in year-to-date trading and has touched a low of $24.72 and a high of $45.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TECK stock was last observed hovering at around $32.32 in the last trading session, with the day’s gains setting it 1.17%.
Currently trading at $33.49, the stock is 1.19% and 3.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 3.62% at the moment leaves the stock -4.97% off its SMA200. TECK registered 24.93% gain for a year compared to 6-month loss of -18.42%.
The stock witnessed a -2.28% gain in the last 1 month and extending the period to 3 months gives it a -5.90%, and is -3.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.77% over the week and 4.39% over the month.
Teck Resources Limited (TECK) has around 10600 employees, a market worth around $17.19B and $14.93B in sales. Current P/E ratio is 5.37 and Fwd P/E is 7.86. Profit margin for the company is 22.80%. Distance from 52-week low is 35.48% and -27.04% from its 52-week high. The company has generated returns on investments over the last 12 months (10.00%).
Teck Resources Limited (TECK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Teck Resources Limited (TECK) is a “Overweight”. 23 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 2 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 428.30% this year.
Teck Resources Limited (TECK) Top Institutional Holders
The shares outstanding are 522.40M, and float is at 504.84M with Short Float at 2.99%.
Teck Resources Limited (TECK): Who are the competitors?
The company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading 1.19% up over the past 12 months. Vale S.A. (VALE) is 24.27% up on the 1-year trading charts.