Teck Resources Limited [NYSE: TECK] slipped around -1.39 points on Wednesday, while shares priced at $41.33 at the close of the session, down -3.25%. The company report on January 25, 2023 that Teck Investment Helps Protect 75,000 Hectares of BC’s Incomappleux Valley.
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“Teck’s contribution to the Nature Conservancy of Canada’s work through projects like Incomappleux Valley will help us accelerate the pace and scale of conservation in British Columbia. We applaud their commitment to taking real and measurable action to become a nature positive company by the end of the decade,” said Catherine Grenier, President and CEO, Nature Conservancy of Canada. “When we work together with Indigenous communities, governments, industry and private citizens, we can achieve great results for nature.”.
Teck Resources Limited stock is now 9.28% up from its year-to-date (YTD) trading value. TECK Stock saw the intraday high of $42.3442 and lowest of $40.29 per share. The company’s 52-week high price is 45.90, which means current price is +17.21% above from all time high which was touched on 01/24/23.
Compared to the average trading volume of 3.65M shares, TECK reached a trading volume of 5845926 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $58.00 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 2.10. 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.
B. Riley Securities have made an estimate for Teck Resources Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 17, 2023. The new note on the price target was released on October 28, 2022, representing the official price target for Teck Resources Limited stock.
The Average True Range (ATR) for Teck Resources Limited is set at 1.40, with the Price to Sales ratio for TECK stock in the period of the last 12 months amounting to 1.41. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 3.88. Price to Free Cash Flow for TECK in the course of the last twelve months was 6.28 with Quick ratio for the last quarter at 1.10.
How has TECK stock performed recently?
Teck Resources Limited [TECK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.58. With this latest performance, TECK shares gained by 8.96% in over the last four-week period, additionally plugging by 56.08% over the last 6 months – not to mention a rise of 30.09% 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 59.06, with the RSI for the last a single of trading hit 56.66, and the three-weeks RSI is set at 59.27 for Teck Resources Limited [TECK]. The present Moving Average for the last 50 days of trading for this stock 37.50, while it was recorded at 42.06 for the last single week of trading, and 35.24 for the last 200 days.
Teck Resources Limited [TECK]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Teck Resources Limited [TECK] shares currently have an operating margin of +32.11 and a Gross Margin at +36.09. Teck Resources Limited’s Net Margin is presently recorded at +21.27.
Return on Equity for this stock inclined to 13.33, with Return on Assets sitting at 6.47.
Teck Resources Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.
Earnings analysis for Teck Resources Limited [TECK]
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 2.86%.
Insider trade positions for Teck Resources Limited [TECK]
There are presently around $11,844 million, or 73.50% of TECK stock, in the hands of institutional investors. The top three institutional holders of TECK stocks are: DODGE & COX with ownership of 26,715,331, which is approximately 15.892% of the company’s market cap and around 1.40% of the total institutional ownership; ROYAL BANK OF CANADA, holding 19,766,192 shares of the stock with an approximate value of $816.94 million in TECK stocks shares; and VANGUARD GROUP INC, currently with $644.85 million in TECK stock with ownership of nearly 1.942% of the company’s market capitalization.
Positions in Teck Resources Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 207 institutional holders increased their position in Teck Resources Limited [NYSE:TECK] by around 35,850,794 shares. Additionally, 192 investors decreased positions by around 36,709,879 shares, while 44 investors held positions by with 214,022,874 shares. The mentioned changes placed institutional holdings at 286,583,547 shares, according to the latest SEC report filing. TECK stock had 53 new institutional investments in for a total of 5,693,508 shares, while 60 institutional investors sold positions of 7,651,541 shares during the same period.