Teck Resources Ltd (TECK) At $33.40 Offering A Unique Opportunity

Teck Resources Ltd (NYSE:TECK) currently has a daily average trading volume of 3.66M but it saw 10412218 shares traded in last market. With a market cap of 16.78B USD, the company’s current market price of $33.40 came rising about 14.97 while comparing to the previous closing price of $29.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.69 and as low as $28.35. In the recent trading on the day, stock has struck highest price mark of $28.325 while lowest mark touched by it was $34.345.

Taking a look at 20-day trading activity of Teck Resources Ltd (TECK) gives us an average price of $38.17, while its current price level is -38.93% below from 52-week high level whereas it is 17.81% 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 $40.05 while that of 200 days or SMA-200 reads an average of $44.99. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.86% during that period while stretching the period over a month that decreases to 5.66%. 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 39.68 which implies that the stock is in neutral territory.

Over the week, TECK’s stock price is moving -11.17% down while it is -13.29% when we observe its performance for the past one month. Year-to-date it is -17.59% down and over the past year, the stock is showing a downside performance of -28.31%.

The company is expected to be releasing its next quarterly report on 2025-Feb-19, for which analysts forecasted an EPS of 0.33 while estimate for next year EPS is 2.09. In next quarter, company is expected to be making quarterly sales of $2.21B as analysts are expecting the sales for current fiscal year at $10.41B and seeing the company making $11.58B in sales next year. Moreover, analysts are in estimates of $2.16B for current-quarter revenue.

Currently, Teck Resources Ltd’s total number of outstanding shares is 498.74M with 0.63% of that held by the insiders while 77.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.95% and return on equity (ROE) at 1.26%. It has a price to earnings ratio (P/E ratio) of 74.19 while having a 17.18 of forward P/E ratio. Stock’s beta reads 0.90. Stock has a price to book (P/B) ratio of 0.93 while price to sale or P/S ratio amounts to 1.70. Its return on asset (ROA) is 0.64% on average.