Teck Resources Ltd [NYSE: TECK] stock went on an upward path that rose over 3.97% on Thursday, amounting to a one-week price increase of more than 6.68%.
Over the last 12 months, TECK stock rose by 16.09%. The one-year Teck Resources Ltd stock forecast points to a potential upside of 11.88. The average equity rating for TECK stock is currently 1.48, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $25.44 billion, with 509.67 million shares outstanding and 506.19 million shares in the current float. Compared to the average trading volume of 2.92M shares, TECK stock reached a trading volume of 3651164 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $55.57 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 1.48. 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 September 04, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on July 15, 2024, representing the official price target for Teck Resources Ltd stock.
The Average True Range (ATR) for Teck Resources Ltd is set at 1.51, 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.
TECK Stock Performance Analysis:
Teck Resources Ltd [TECK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.68. With this latest performance, TECK shares gained by 1.82% in over the last four-week period, additionally plugging by 9.72% over the last 6 months – not to mention a rise of 16.09% 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 61.72, with the RSI for the last a single of trading hit 68.40, and the three-weeks RSI is set at 56.68 for Teck Resources Ltd [TECK]. The present Moving Average for the last 50 days of trading for this stock 46.93, while it was recorded at 47.25 for the last single week of trading, and 45.02 for the last 200 days.
Insight into Teck Resources Ltd 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.
TECK Stock EPS
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 -6.48%.
Teck Resources Ltd [TECK] Institutonal Ownership Details
There are presently around $78.37%, or 79.12%% of TECK stock, in the hands of institutional investors. The top three institutional holders of TECK stocks are: FIL LTD with ownership of 19.32 million shares, which is approximately 3.7315%. ROYAL BANK OF CANADA, holding 18.42 million shares of the stock with an approximate value of $$882.5 million in TECK stocks shares; and ROYAL BANK OF CANADA, currently with $$812.86 million in TECK stock with ownership which is approximately 3.278%.
