Teck Resources Ltd [NYSE: TECK] surged by $0.56 during the normal trading session on while it closed the day at $38.25. The company report on February 12, 2024 at 5:30 PM that Teck’s Red Dog Operations Achieves Zinc Mark Verification.
“Zinc plays an important role in enabling a low-carbon future and our people are focused every day on responsibly producing this critical mineral that the world needs,” said Jonathan Price, President and CEO, Teck. “With Red Dog being awarded the Zinc Mark, all of Teck’s managed base metals operations are now verified and recognized for strong environmental and social performance, illustrating our focus on responsible production for the benefit of our customers, and for the environment and people where we operate.”.
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Teck Resources Ltd stock has also gained 0.82% of its value over the past 7 days. However, TECK stock has inclined by 4.42% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.66% and lost -9.51% year-on date.
The market cap for TECK stock reached $19.88 billion, with 519.80 million shares outstanding and 506.10 million shares in the current float. Compared to the average trading volume of 3.55M shares, TECK reached a trading volume of 2995818 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 Ltd [TECK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TECK shares is $46.83 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 1.37. 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.
UBS have made an estimate for Teck Resources Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 16, 2024.
The Average True Range (ATR) for Teck Resources Ltd is set at 1.01, with the Price to Sales ratio for TECK stock in the period of the last 12 months amounting to 1.91. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 1.91.
TECK stock trade performance evaluation
Teck Resources Ltd [TECK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.82. With this latest performance, TECK shares gained by 3.57% in over the last four-week period, additionally plugging by 2.66% over the last 6 months – not to mention a drop of -8.56% 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 46.63, with the RSI for the last a single of trading hit 47.51, and the three-weeks RSI is set at 47.14 for Teck Resources Ltd [TECK]. The present Moving Average for the last 50 days of trading for this stock 39.49, while it was recorded at 37.52 for the last single week of trading, and 40.21 for the last 200 days.
Teck Resources Ltd [TECK]: An insightful look at the core fundamentals
Teck Resources Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for Teck Resources Ltd [TECK] stock
With the latest financial reports released by the company, Teck Resources Ltd posted 0.79/share EPS, while the average EPS was predicted by analysts to be reported at 0.96/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.70%. 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.
Teck Resources Ltd [TECK]: Institutional Ownership
The top three institutional holders of TECK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TECK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TECK stock with ownership which is approximately 5.8325%.
