Teck Resources Ltd (NYSE: TECK) is -1.63% lower on its value in year-to-date trading and has touched a low of $36.21 and a high of $54.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TECK stock was last observed hovering at around $40.94 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $41.25, the stock is -7.23% and -11.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.26 million and changing 0.76% at the moment leaves the stock -13.17% off its SMA200. TECK registered -1.93% loss for a year compared to 6-month loss of -12.68%. The firm has a 50-day simple moving average (SMA 50) of $46.7676 and a 200-day simple moving average (SMA200) of $47.75385.
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The stock witnessed a -12.62% gain in the last 1 month and extending the period to 3 months gives it a -19.12%, and is -3.49% 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 3.09% over the week and 2.46% over the month.
Teck Resources Ltd (TECK) has around 12600 employees, a market worth around $21.43B and $10.90B in sales. Current P/E ratio is 66.11 and Fwd P/E is 24.02. Profit margin for the company is 3.08%. Distance from 52-week low is 13.92% and -24.58% from its 52-week high. The company has generated returns on investments over the last 12 months (1.34%).
with sales reaching $2.47B over the same period.The EPS is expected to shrink by -52.26% this year, but quarterly earnings will post -10.69% year-over-year. Quarterly sales are estimated to shrink -39.78% in year-over-year returns.
Teck Resources Ltd (TECK) Top Institutional Holders
816.0 institutions hold shares in Teck Resources Ltd (TECK), with institutional investors hold 78.89% of the company’s shares. The shares outstanding are 519.60M, and float is at 511.47M with Short Float at 1.26%. Institutions hold 78.13% 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.
Teck Resources Ltd (TECK) Insider Activity
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