Teck Resources Limited (NYSE:TECK) shares traded -4.14% lower at $40.74 on Wall Street last session.
In accordance with the data, 16 analysts cover Teck Resources Limited (NYSE:TECK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.54 and a low of $44.04, we find $52.57. Given the previous closing price of $42.50, this indicates a potential upside of 23.69 percent. TECK stock price is now -4.09% away from the 50-day moving average and 6.18% away from the 200-day moving average. The market capitalization of the company currently stands at $21.13B.
It has been rated a hold by 3 analysts and a buy by 11. Brokers who have rated the stock have averaged $52.32 as their price target over the next twelve months.
A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TECK stock. A new stake in Teck Resources Limited shares was purchased by BOSTON PARTNERS during the first quarter worth $57,173,000. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC invested $52,984,000 in shares of TECK during the first quarter. In the first quarter, THIRD POINT LLC acquired a new stake in Teck Resources Limited valued at approximately $46,851,000. BRAUN STACEY ASSOCIATES INC acquired a new stake in TECK for approximately $21,829,000. SOROS FUND MANAGEMENT LLC purchased a new stake in TECK valued at around $20,283,000 in the second quarter. In total, there are 674 active investors with 73.50% ownership of the company’s stock.
Teck Resources Limited (NYSE: TECK) opened at $41.88 on Wednesday. During the past 12 months, Teck Resources Limited has had a low of $24.47 and a high of $49.34. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.30, and a quick ratio of 0.80. The fifty day moving average price for TECK is $42.37 and a two-hundred day moving average price translates $38.64 for the stock.
The latest earnings results from Teck Resources Limited (NYSE: TECK) was released for Mar, 2023. The net profit margin was 18.00% and return on equity was 11.30% for TECK. The company reported revenue of $2.8 billion for the quarter, compared to $3.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.58 percent. For the current quarter, analysts expect TECK to generate $3.05B in revenue.
In terms of dividend payout ratio, TECK is presently at 12.10%.
Teck Resources Limited(TECK) Company Profile
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company’s principal products include copper, zinc, steelmaking coal, and blended bitumen. It also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, the company explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.
