Teck Resources Limited [TECK] Stock trading around $21.78 per share: What’s Next?

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Teck Resources Limited [NYSE: TECK] closed the trading session at $21.78 on 08/04/21. The day’s price range saw the stock hit a low of $21.76, while the highest price level was $22.325. The company report on August 5, 2021 that Teck Reports on Wildfire Smoke Impact on Trail Operations.

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced that smoke from wildfires in southwestern British Columbia has affected operations at its Trail Operations metallurgical facility.

Specifically, the oxygen plant at Trail has been shut down due to poor ambient air quality, and the usual mitigation measures have not been adequate to deal with conditions. Zinc refining operations are running at approximately 70% of normal rates. Lead refining continues to operate normally; however, the lead smelting operations have been temporarily idled.

The stocks have a year to date performance of 20.00 percent and weekly performance of -3.67 percent. The stock has been moved at 20.80 percent over the last six months. The stock has performed -1.71 percent around the most recent 30 days and changed -9.55 percent over the most recent 3-months.

If compared to the average trading volume of 5.32M shares, TECK reached to a volume of 3490480 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Teck Resources Limited [TECK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TECK shares is $32.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TECK stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Teck Resources Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 08, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $20 to $30. The new note on the price target was released on May 26, 2021, representing the official price target for Teck Resources Limited stock.

The Average True Range (ATR) for Teck Resources Limited is set at 0.89, with the Price to Sales ratio for TECK stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 0.46.

TECK stock trade performance evaluation

Teck Resources Limited [TECK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.67. With this latest performance, TECK shares dropped by -1.71% in over the last four-week period, additionally plugging by 20.80% over the last 6 months – not to mention a rise of 106.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TECK stock in for the last two-week period is set at 46.77, with the RSI for the last a single of trading hit 45.63, and the three-weeks RSI is set at 47.35 for Teck Resources Limited [TECK]. The present Moving Average for the last 50 days of trading for this stock 22.62, while it was recorded at 22.51 for the last single week of trading, and 20.11 for the last 200 days.

Teck Resources Limited [TECK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Teck Resources Limited [TECK] shares currently have an operating margin of +7.02 and a Gross Margin at +13.12. Teck Resources Limited’s Net Margin is presently recorded at -9.66.

Return on Total Capital for TECK is now 2.23, given the latest momentum, and Return on Invested Capital for the company is -3.17. Return on Equity for this stock declined to -4.18, with Return on Assets sitting at -2.14. When it comes to the capital structure of this company, Teck Resources Limited [TECK] has a Total Debt to Total Equity ratio set at 39.33. Additionally, TECK Total Debt to Total Capital is recorded at 28.23, with Total Debt to Total Assets ending up at 19.09. Long-Term Debt to Equity for the company is recorded at 38.16, with the Long-Term Debt to Total Capital now at 27.39.

Reflecting on the efficiency of the workforce at the company, Teck Resources Limited [TECK] managed to generate an average of -$86,400 per employee. Receivables Turnover for the company is 7.21 with a Total Asset Turnover recorded at a value of 0.22.Teck Resources Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for Teck Resources Limited [TECK] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TECK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Teck Resources Limited go to 41.50%.

Teck Resources Limited [TECK]: Insider Ownership positions

There are presently around $5,304 million, or 65.50% of TECK stock, in the hands of institutional investors. The top three institutional holders of TECK stocks are: ROYAL BANK OF CANADA with ownership of 21,371,056, which is approximately -6.108% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 13,669,136 shares of the stock with an approximate value of $297.71 million in TECK stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $203.74 million in TECK stock with ownership of nearly -22.841% of the company’s market capitalization.

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Positions in Teck Resources Limited stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 133 institutional holders increased their position in Teck Resources Limited [NYSE:TECK] by around 43,322,906 shares. Additionally, 118 investors decreased positions by around 36,538,540 shares, while 34 investors held positions by with 163,666,731 shares. The mentioned changes placed institutional holdings at 243,528,177 shares, according to the latest SEC report filing. TECK stock had 36 new institutional investments in for a total of 17,516,861 shares, while 34 institutional investors sold positions of 5,733,996 shares during the same period.

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