Teck Resources Limited (NYSE: TECK) is 12.96% 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 $42.37 in the last trading session, with the day’s gains setting it 0.35% off its average median price target of $44.48 for the next 12 months. It is also 13.99% off the consensus price target high of $49.67 offered by 23 analysts, but current levels are -22.09% lower than the price target low of $34.99 for the same period.
Currently trading at $42.72, the stock is 8.00% and 14.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 0.83% at the moment leaves the stock 21.31% off its SMA200. TECK registered 32.48% gain for a year compared to 6-month gain of 59.11%.
The stock witnessed a 10.59% loss in the last 1 month and extending the period to 3 months gives it a 21.33%, and is 4.60% up 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 5.42% over the week and 3.88% over the month.
Teck Resources Limited (TECK) has around 10600 employees, a market worth around $21.56B and $14.78B in sales. Current P/E ratio is 6.92 and Fwd P/E is 9.56. Profit margin for the company is 22.80%. Distance from 52-week low is 72.82% and -6.93% 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 5 rate it as a Hold and 2 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Teck Resources Limited is expected to release its quarterly report on 04/26/2023.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 2.48%.
Teck Resources Limited (TECK): Who are the competitors?
The company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading 9.73% up over the past 12 months. Vale S.A. (VALE) is 21.70% up on the 1-year trading charts.