Teck Resources Ltd [NYSE: TECK] plunged by -$0.42 during the normal trading session on while it closed the day at $42.36.
Teck Resources Ltd stock has also gained 2.15% of its value over the past 7 days. However, TECK stock has declined by -14.16% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.80% and gained 4.52% year-on date.
The market cap for TECK stock reached $22.01 billion, with 519.60 million shares outstanding and 511.46 million shares in the current float. Compared to the average trading volume of 2.58M shares, TECK reached a trading volume of 5022460 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 $53.04 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 1.73. 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.
National Bank Financial have made an estimate for Teck Resources Ltd shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on December 10, 2024. The new note on the price target was released on November 11, 2024, representing the official price target for Teck Resources Ltd stock. Previously, the target price had yet another raise to $50, while Deutsche Bank analysts kept a Hold rating on TECK stock.
The Average True Range (ATR) for Teck Resources Ltd is set at 1.09, with the Price to Sales ratio for TECK stock in the period of the last 12 months amounting to 2.02. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 10.30.
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 2.15. With this latest performance, TECK shares dropped by -3.92% in over the last four-week period, additionally sinking by -11.80% over the last 6 months – not to mention a rise of 12.93% 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 48.10, with the RSI for the last a single of trading hit 54.64, and the three-weeks RSI is set at 45.28 for Teck Resources Ltd [TECK]. The present Moving Average for the last 50 days of trading for this stock 44.38, while it was recorded at 42.38 for the last single week of trading, and 47.55 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 2.35 and a Current Ratio set at 2.92.
Earnings per share (EPS) analysis for Teck Resources Ltd [TECK] stock
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 -10.65%.
Teck Resources Ltd [TECK]: Institutional Ownership
There are presently around $78.20%, or 78.97%% 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%.
