Teck Resources Limited [TECK] Stock trading around $27.31 per share: What’s Next?



Teck Resources Limited [NYSE: TECK] surged by $0.25 during the normal trading session on Tuesday and reaching a high of $27.37 during the day while it closed the day at $27.31. The company report on November 22, 2021 that Teck Donates $750,000 towards new Paul Myers Tower at Lions Gate Hospital.

Installation of Antimicrobial Copper Surfaces to Help Protect Patient Health.

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Lions Gate Hospital Foundation and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced that Teck has made a $750,000 donation towards the development of the new Paul Myers Tower at Vancouver Coastal Health’s Lions Gate Hospital. This contribution, funded by Teck through its Copper & Health program, will include the installation of antimicrobial copper surfaces and equipment throughout the new high-tech acute-care facility. Copper has unique antimicrobial properties and is proven to continuously eliminate up to 99.9% of harmful bacteria and is an added measure that will help protect the health of patients, health workers and all those who visit the new facility.

Teck Resources Limited stock has also gained 0.55% of its value over the past 7 days. However, TECK stock has inclined by 25.51% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.31% and gained 50.47% year-on date.

The market cap for TECK stock reached $14.67 billion, with 532.50 million shares outstanding and 525.89 million shares in the current float. Compared to the average trading volume of 5.02M shares, TECK reached a trading volume of 3992076 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 $40.75 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.

Wolfe Research have made an estimate for Teck Resources Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 17, 2021. The new note on the price target was released on September 29, 2021, representing the official price target for Teck Resources Limited stock. Previously, the target price had yet another raise to $36, while BofA Securities analysts kept a Buy rating on TECK stock.

The Average True Range (ATR) for Teck Resources Limited is set at 1.01, with the Price to Sales ratio for TECK stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 0.58.

TECK stock trade performance evaluation

Teck Resources Limited [TECK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.55. With this latest performance, TECK shares dropped by -4.28% in over the last four-week period, additionally plugging by 16.31% over the last 6 months – not to mention a rise of 77.80% 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 50.37, with the RSI for the last a single of trading hit 50.19, and the three-weeks RSI is set at 51.51 for Teck Resources Limited [TECK]. The present Moving Average for the last 50 days of trading for this stock 26.90, while it was recorded at 26.76 for the last single week of trading, and 23.39 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 0.70 and a Current Ratio set at 1.40.

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

With the latest financial reports released by the company, Teck Resources Limited posted 0.91/share EPS, while the average EPS was predicted by analysts to be reported at 1.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -10.80%. 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 -12.25%.

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Teck Resources Limited [TECK]: Insider Ownership positions

There are presently around $7,226 million, or 68.10% 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 23,543,421, which is approximately 0.447% of the company’s market cap and around 1.40% of the total institutional ownership; DODGE & COX, holding 23,269,340 shares of the stock with an approximate value of $635.49 million in TECK stocks shares; and VANGUARD GROUP INC, currently with $386.31 million in TECK stock with ownership of nearly 3.044% of the company’s market capitalization.

Positions in Teck Resources Limited stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 153 institutional holders increased their position in Teck Resources Limited [NYSE:TECK] by around 46,271,952 shares. Additionally, 139 investors decreased positions by around 28,122,434 shares, while 32 investors held positions by with 190,179,280 shares. The mentioned changes placed institutional holdings at 264,573,666 shares, according to the latest SEC report filing. TECK stock had 52 new institutional investments in for a total of 13,994,246 shares, while 36 institutional investors sold positions of 4,952,274 shares during the same period.



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