Teck Resources Ltd (NYSE: TECK) is -27.37% 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 $35.12 in the last trading session, with the day’s loss setting it -2.12%.
Currently trading at $33.0, the stock is -14.36% and -13.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.49 million and changing -6.04% at the moment leaves the stock -19.52% off its SMA200. TECK registered -18.58% loss for a year compared to 6-month loss of -23.88%. The firm has a 50-day simple moving average (SMA 50) of $38.025 and a 200-day simple moving average (SMA200) of $41.00645.
The stock witnessed a -13.73% gain in the last 1 month and extending the period to 3 months gives it a -8.94%, and is -12.05% 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 3.89% over the week and 3.49% over the month.
Teck Resources Ltd (TECK) has around 7200 employees, a market worth around $16.43B and $7.15B in sales. Current P/E ratio is 122.95 and Fwd P/E is 18.17. Profit margin for the company is 1.69%. Distance from 52-week low is 16.53% and -39.04% from its 52-week high. The company has generated returns on investments over the last 12 months (0.50%).
The EPS is expected to shrink by -19.83% this year.
Teck Resources Ltd (TECK) Top Institutional Holders
764.0 institutions hold shares in Teck Resources Ltd (TECK), with institutional investors hold 77.90% of the company’s shares. The shares outstanding are 490.60M, and float is at 479.24M with Short Float at 3.25%. Institutions hold 77.40% 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.
Teck Resources Ltd (TECK) Insider Activity
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