Are Analysts Too Bullish On Teck Resources Ltd (TECK)

Teck Resources Ltd (NYSE:TECK) currently has a daily average trading volume of 2.91M but it saw 2861129 shares traded in last market. With a market cap of 24.47B USD, the company’s current market price of $47.10 came rising about 0.66 while comparing to the previous closing price of $46.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.69 and as low as $34.10. In the recent trading on the day, stock has struck highest price mark of $46.35 while lowest mark touched by it was $48.42.

Taking a look at 20-day trading activity of Teck Resources Ltd (TECK) gives us an average price of $46.54, while its current price level is -13.88% below from 52-week high level whereas it is 38.12% 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 $46.94 while that of 200 days or SMA-200 reads an average of $44.97. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.62% during that period while stretching the period over a month that decreases to 2.54%. 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 54.48 which implies that the stock is in neutral territory.

Over the week, TECK’s stock price is moving 6.02% up while it is -3.79% when we observe its performance for the past one month. Year-to-date it is 12.32% up and over the past year, the stock is showing an upside performance of 9.65%.

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 22.91 while having a 24.61 of forward P/E ratio. Stock’s beta reads 1.03. 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.