Teck Resources Ltd [NYSE: TECK] closed the trading session at $48.59.
The stocks have a year to date performance of 15.87 percent and weekly performance of -6.34 percent. The stock has been moved at -0.33 percent over the last six months. The stock has performed 10.74 percent around the most recent 30 days and changed -1.39 percent over the most recent 3-months.
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If compared to the average trading volume of 3.12M shares, TECK reached to a volume of 3890223 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 $56.07 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 1.57, with the Price to Sales ratio for TECK stock in the period of the last 12 months amounting to 2.20. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 1.29.
TECK stock trade performance evaluation
Teck Resources Ltd [TECK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.34. With this latest performance, TECK shares gained by 10.74% in over the last four-week period, additionally sinking by -0.33% over the last 6 months – not to mention a rise of 19.81% 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 46.84, with the RSI for the last a single of trading hit 39.92, and the three-weeks RSI is set at 48.96 for Teck Resources Ltd [TECK]. The present Moving Average for the last 50 days of trading for this stock 47.85, while it was recorded at 51.06 for the last single week of trading, and 45.79 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 0.77 and a Current Ratio set at 1.48.
Earnings per share (EPS) analysis for Teck Resources Ltd [TECK] stock
With the latest financial reports released by the company, Teck Resources Ltd posted 0.57/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.
Teck Resources Ltd [TECK]: Institutional Ownership
There are presently around $78.41%, or 79.16%% 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%.
