Teck Resources Ltd (TECK) Analysis & Opinions from Experts

Teck Resources Ltd (NYSE: TECK) is 16.64% higher on its value in year-to-date trading and has touched a low of $34.10 and a high of $54.69 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 $48.97 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $48.91, the stock is 5.71% and 4.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.38 million and changing -0.12% at the moment leaves the stock 9.49% off its SMA200. TECK registered 17.41% gain for a year compared to 6-month gain of 10.15%.

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The stock witnessed a 0.78% loss in the last 1 month and extending the period to 3 months gives it a 4.32%, and is 5.57% 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 2.68% over the week and 2.59% over the month.

Teck Resources Ltd (TECK) has around 12600 employees, a market worth around $25.41B and $11.49B in sales. Current P/E ratio is 23.79 and Fwd P/E is 25.56. Profit margin for the company is 9.40%. Distance from 52-week low is 43.42% and -10.57% from its 52-week high. The company has generated returns on investments over the last 12 months (3.95%).

The EPS is expected to shrink by -53.06% this year.

Teck Resources Ltd (TECK) Top Institutional Holders

794.0 institutions hold shares in Teck Resources Ltd (TECK), with institutional investors hold 79.11% of the company’s shares. The shares outstanding are 509.67M, and float is at 506.19M with Short Float at 1.26%. Institutions hold 78.36% of the Float.

The top institutional shareholder in the company is FIL LTD with over 19.32 million shares valued at $925.73 million. The investor’s holdings represent 3.7315% of the TECK Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 18.42 million shares valued at $882.5 million to account for 3.5588 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.97 million shares representing 3.278% and valued at over $812.86 million, while AMUNDI holds 2.384 of the shares totaling 12.34 million with a market value of $618.24 million.