In yesterday’s Wall Street session, Teck Resources Ltd (NYSE:TECK) shares traded at $37.08, up 0.93% from the previous session.
18 analysts cover Teck Resources Ltd (NYSE:TECK), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $52.90 and a low of $40.80, we find $49.04. Given the previous closing price of $36.74, this indicates a potential upside of 33.48 percent. TECK stock price is now -3.11% away from the 50-day moving average and -8.62% away from the 200-day moving average. The market capitalization of the company currently stands at $19.27B.
The stock has received a hold rating from 1 analysts and a buy rating from 16. Brokers who have rated the stock have averaged $47.93 as their price target over the next twelve months.
A total of 2.65% of the company’s stock is owned by insiders.
During the past 12 months, Teck Resources Ltd has had a low of $32.48 and a high of $49.34. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.20, and a quick ratio of 0.68. The fifty day moving average price for TECK is $38.16 and a two-hundred day moving average price translates $40.60 for the stock.
The latest earnings results from Teck Resources Ltd (NYSE: TECK) was released for Sep, 2023. The net profit margin was 15.65% and return on equity was 8.50% for TECK. The company reported revenue of $2.68 billion for the quarter, compared to $3.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.02 percent. For the current quarter, analysts expect TECK to generate $2.75B in revenue.
Teck Resources Ltd(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.
