Teck Resources Ltd (NYSE: TECK) is -16.14% lower on its value in year-to-date trading and has touched a low of $28.32 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 $35.23 in the last trading session, with the day’s loss setting it -1.24%.
Currently trading at $33.99, the stock is 1.23% and -9.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.47 million and changing -3.52% at the moment leaves the stock -22.53% off its SMA200. TECK registered -31.99% loss for a year compared to 6-month loss of -28.22%. The firm has a 50-day simple moving average (SMA 50) of $37.7452 and a 200-day simple moving average (SMA200) of $43.957.
The stock witnessed a -6.70% gain in the last 1 month and extending the period to 3 months gives it a -17.40%, and is -2.55% 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 3.13% over the week and 5.92% over the month.
Teck Resources Ltd (TECK) has around 7200 employees, a market worth around $17.08B and $8.51B in sales. Current P/E ratio is 71.51 and Fwd P/E is 18.86. Profit margin for the company is 2.79%. Distance from 52-week low is 20.02% and -37.85% from its 52-week high. The company has generated returns on investments over the last 12 months (0.97%).
with sales reaching $2.25B over the same period.The EPS is expected to shrink by -19.94% this year, but quarterly earnings will post -23.47% year-over-year. Quarterly sales are estimated to shrink -41.83% in year-over-year returns.
794.0 institutions hold shares in Teck Resources Ltd (TECK), with institutional investors hold 79.99% of the company’s shares. The shares outstanding are 500.30M, and float is at 483.47M with Short Float at 2.07%. Institutions hold 79.48% 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 3.271 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.
