Teck Resources Ltd [NYSE: TECK] jumped around 2.19 points on Thursday, while shares priced at $49.01 at the close of the session, up 4.68%.
Compared to the average trading volume of 3.05M shares, TECK reached a trading volume of 3675904 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $55.92 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 1.57. 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.
BMO Capital Markets have made an estimate for Teck Resources Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 15, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on January 16, 2024, representing the official price target for Teck Resources Ltd stock.
The Average True Range (ATR) for Teck Resources Ltd is set at 1.78, with the Price to Sales ratio for TECK stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 1.29.
How has TECK stock performed recently?
Teck Resources Ltd [TECK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.13. With this latest performance, TECK shares gained by 1.24% in over the last four-week period, additionally plugging by 30.03% over the last 6 months – not to mention a rise of 29.18% 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 58.29, with the RSI for the last a single of trading hit 64.90, and the three-weeks RSI is set at 54.92 for Teck Resources Ltd [TECK]. The present Moving Average for the last 50 days of trading for this stock 47.70, while it was recorded at 46.86 for the last single week of trading, and 43.73 for the last 200 days.
Teck Resources Ltd [TECK]: Deeper insight into the fundamentals
Teck Resources Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 1.48.
Earnings analysis for Teck Resources Ltd [TECK]
With the latest financial reports released by the company, Teck Resources Ltd posted 0.57/share EPS, while the average EPS was predicted by analysts to be reported at 0.84/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.27. 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 Ltd go to -6.41%.
Insider trade positions for Teck Resources Ltd [TECK]
The top three institutional holders of TECK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in TECK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in TECK stock with ownership which is approximately 5.1238%.
