Teck Resources Ltd (NYSE: TECK) is -5.65% lower on its value in year-to-date trading and has touched a low of $28.32 and a high of $54.13 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 $38.49 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $38.24, the stock is 1.25% and 6.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.33 million and changing -0.65% at the moment leaves the stock -9.38% off its SMA200. TECK registered -19.29% loss for a year compared to 6-month loss of -13.27%.
The stock witnessed a 6.25% gain in the last 1 month and extending the period to 3 months gives it a -10.21%, and is -1.44% 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 1.57% over the week and 1.65% over the month.
Teck Resources Ltd (TECK) has around 7200 employees, a market worth around $19.04B and $8.51B in sales. Current P/E ratio is 80.45 and Fwd P/E is 20.79. Profit margin for the company is 2.79%. Distance from 52-week low is 35.03% and -29.36% from its 52-week high. The company has generated returns on investments over the last 12 months (0.97%).
with sales reaching $2.24B over the same period.The EPS is expected to shrink by -17.70% this year, but quarterly earnings will post -23.25% year-over-year. Quarterly sales are estimated to shrink -42.24% in year-over-year returns.
The shares outstanding are 500.30M, and float is at 478.98M with Short Float at 2.31%.
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 3.5512 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.
