Are Analysts Too Bullish On Teck Resources Ltd (TECK)

Teck Resources Ltd (NYSE:TECK) currently has a daily average trading volume of 3.06M but it saw 3381126 shares traded in last market. With a market cap of 24.48B USD, the company’s current market price of $47.12 came falling about -3.86 while comparing to the previous closing price of $49.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.13 and as low as $34.38.

Taking a look at 20-day trading activity of Teck Resources Ltd (TECK) gives us an average price of $47.98, while its current price level is -14.53% below from 52-week high level whereas it is 37.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $48.82 while that of 200 days or SMA-200 reads an average of $43.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.03% during that period while stretching the period over a month that decreases to 3.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.67 which implies that the stock is in neutral territory.

Over the week, TECK’s stock price is moving 3.11% up while it is -2.93% when we observe its performance for the past one month. Year-to-date it is 11.47% up and over the past year, the stock is showing an upside performance of 8.65%.

Currently, Teck Resources Ltd’s total number of outstanding shares is 509.67M. Company’s return on investment (ROI) stands at 3.95% and return on equity (ROE) at 5.49%. It has a price to earnings ratio (P/E ratio) of 22.92 while having a 22.33 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 1.28 while price to sale or P/S ratio amounts to 2.13. Its return on asset (ROA) is 2.60% on average.