Teck Resources Ltd (NYSE: TECK): Think Like A Lender, Not An Investor

Teck Resources Ltd (NYSE:TECK) currently has a daily average trading volume of 3.88M but it saw 4990595 shares traded in last market. With a market cap of 16.81B USD, the company’s current market price of $33.45 came falling about -1.09 while comparing to the previous closing price of $33.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.69 and as low as $28.32. In the recent trading on the day, stock has struck highest price mark of $32.695 while lowest mark touched by it was $33.945.

Taking a look at 20-day trading activity of Teck Resources Ltd (TECK) gives us an average price of $35.97, while its current price level is -38.84% below from 52-week high level whereas it is 18.11% 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 $39.26 while that of 200 days or SMA-200 reads an average of $44.62. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.35% during that period while stretching the period over a month that increases to 5.89%. 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 41.81 which implies that the stock is in neutral territory.

Over the week, TECK’s stock price is moving 0.15% up while it is -20.87% when we observe its performance for the past one month. Year-to-date it is -17.47% down and over the past year, the stock is showing a downside performance of -29.40%.

The company is expected to be releasing its next quarterly report on 2025-Feb-19, for which analysts forecasted an EPS of 0.31 while estimate for next year EPS is 2.0. In next quarter, company is expected to be making quarterly sales of $2.17B as analysts are expecting the sales for current fiscal year at $10.19B and seeing the company making $11.33B 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 77.30% 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 74.30 while having a 18.09 of forward P/E ratio. Stock’s beta reads 0.81. 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.