Teck Resources Ltd (NYSE: TECK) is -12.22% 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 $40.3 in the last trading session, with the day’s gains setting it 3629959.7%.
Currently trading at $3630000.0, the stock is 6.88% and 12.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.58 million and changing 3.50% at the moment leaves the stock -0.63% off its SMA200. TECK registered 2.91% gain for a year compared to 6-month loss of 2.21%. The firm has a 50-day simple moving average (SMA 50) of $37.1666 and a 200-day simple moving average (SMA200) of $41.9743.
The stock witnessed a 12.85% gain in the last 1 month and extending the period to 3 months gives it a 13.59%, and is 9.05% up 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 3.74% over the week and 2.70% over the month.
Teck Resources Ltd (TECK) has around 7200 employees, a market worth around $20.77B and $8.51B in sales. Current P/E ratio is 87.76 and Fwd P/E is 22.99. Profit margin for the company is 2.79%. Distance from 52-week low is 47.28% and -22.94% from its 52-week high. The company has generated returns on investments over the last 12 months (0.97%).
with sales reaching $2.21B over the same period.The EPS is expected to shrink by -16.90% this year, but quarterly earnings will post -23.16% year-over-year. Quarterly sales are estimated to shrink -42.91% in year-over-year returns.
769.0 institutions hold shares in Teck Resources Ltd (TECK), with institutional investors hold 77.81% of the company’s shares. The shares outstanding are 500.30M, and float is at 479.12M with Short Float at 2.74%. Institutions hold 77.31% 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 3.5512 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.
