Teck Resources Ltd (NYSE: TECK) is -2.39% lower on its value in year-to-date trading and has touched a low of $37.50 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 $40.33 in the last trading session, with the day’s loss setting it -0.77%.
Currently trading at $39.56, the stock is -5.68% and -5.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.49 million and changing -1.91% at the moment leaves the stock -14.80% off its SMA200. TECK registered 6.42% gain for a year compared to 6-month loss of -15.28%.
The stock witnessed a -5.15% gain in the last 1 month and extending the period to 3 months gives it a -14.56%, and is -3.18% 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 3.51% over the week and 3.08% over the month.
Teck Resources Ltd (TECK) has around 7200 employees, a market worth around $19.91B and $9.88B in sales. Current P/E ratio is 87.87 and Fwd P/E is 20.76. Profit margin for the company is 2.37%. Distance from 52-week low is 5.50% and -27.67% from its 52-week high. The company has generated returns on investments over the last 12 months (0.95%).
with sales reaching $2.25B over the same period.The EPS is expected to shrink by -17.79% this year, but quarterly earnings will post -22.45% year-over-year. Quarterly sales are estimated to shrink -43.67% in year-over-year returns.
Teck Resources Ltd (TECK) Top Institutional Holders
The shares outstanding are 498.74M, and float is at 488.74M with Short Float at 1.64%.
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 3.7236% 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 2.379 of the shares totaling 12.34 million with a market value of $618.24 million.
Teck Resources Ltd (TECK) Insider Activity
A total of 0 insider transactions have happened at Teck Resources Ltd (TECK) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Teck Resources Ltd (TECK): Who are the competitors?
The company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading -7.28% down over the past 12 months. Impala Platinum Holdings Ltd. ADR (IMPUY) that is 60.12% higher over the same period.
