Teck Resources Ltd (NYSE: TECK) is -25.14% lower on its value in year-to-date trading and has touched a low of $29.26 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 $29.96 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $30.34, the stock is -22.14% and -25.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.63 million and changing 1.27% at the moment leaves the stock -32.65% off its SMA200. TECK registered -34.82% loss for a year compared to 6-month loss of -40.94%. The firm has a 50-day simple moving average (SMA 50) of $40.4668 and a 200-day simple moving average (SMA200) of $45.15635.
The stock witnessed a -23.73% gain in the last 1 month and extending the period to 3 months gives it a -25.98%, and is -16.72% 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 7.12% over the week and 4.48% over the month.
Teck Resources Ltd (TECK) has around 7200 employees, a market worth around $15.25B and $9.88B in sales. Current P/E ratio is 67.39 and Fwd P/E is 15.13. Profit margin for the company is 2.37%. Distance from 52-week low is 3.69% and -44.52% from its 52-week high. The company has generated returns on investments over the last 12 months (0.95%).
with sales reaching $2.13B over the same period.The EPS is expected to shrink by -19.64% this year, but quarterly earnings will post -22.24% year-over-year. Quarterly sales are estimated to shrink -46.54% in year-over-year returns.
Teck Resources Ltd (TECK) Top Institutional Holders
807.0 institutions hold shares in Teck Resources Ltd (TECK), with institutional investors hold 77.70% of the company’s shares. The shares outstanding are 498.74M, and float is at 483.47M with Short Float at 1.77%. Institutions hold 77.21% 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 3.7236% 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
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