A look at Teck Resources Limited’s (TECK) recent performance gives investors their first glimpse of hope.

On June 22, 2022, Teck Resources Limited (NYSE: TECK) opened at $35.80, lower -9.70% from the last session. During the day, the shares moved up to $35.90 and dropped to $34.22 before settling in for the closing price of $37.92. Price fluctuations for TECK have ranged from $19.14 to $45.90 over the past 52 weeks.

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During the last 5-year period, the sales growth of Basic Materials Sector giant was 7.70%. Company’s average yearly earnings per share was noted 428.30% at the time writing. With a float of $532.06 million, this company’s outstanding shares have now reached $535.80 million.

Let’s determine the extent of company efficiency that accounts for 10600 employees. In terms of profitability, gross margin is +36.09, operating margin of +32.11, and the pretax margin is +33.64.

Teck Resources Limited (TECK) Insider Activity

A key investor’s attitude towards the stock of the Other Industrial Metals & Mining industry is another important factor to consider. The insider ownership of Teck Resources Limited is 1.40%, while institutional ownership is 69.10%.

Teck Resources Limited (TECK) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 3/30/2022, the company posted $2.28 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.25) by $0.03. This company achieved a net margin of +21.27 while generating a return on equity of 13.33. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.95 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 428.30% per share during the next fiscal year.

Teck Resources Limited (NYSE: TECK) Trading Performance Indicators

Check out the current performance indicators for Teck Resources Limited (TECK). In the past quarter, the stock posted a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.55. Likewise, its price to free cash flow for the trailing twelve months is 12.26.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.87, a number that is poised to hit 2.40 in the next quarter and is forecasted to reach 5.69 in one year’s time.

Technical Analysis of Teck Resources Limited (TECK)

Looking closely at Teck Resources Limited (NYSE: TECK), its last 5-days average volume was 5.68 million, which is a jump from its year-to-date volume of 5.53 million. As of the previous 9 days, the stock’s Stochastic %D was 11.11%. Additionally, its Average True Range was 2.10.

During the past 100 days, Teck Resources Limited’s (TECK) raw stochastic average was set at 28.36%, which indicates a significant increase from 0.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.77% in the past 14 days, which was higher than the 60.70% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $40.30, while its 200-day Moving Average is $33.38. However, in the short run, Teck Resources Limited’s stock first resistance to watch stands at $35.35. Second resistance stands at $36.47. The third major resistance level sits at $37.03. If the price goes on to break the first support level at $33.67, it is likely to go to the next support level at $33.11. Should the price break the second support level, the third support level stands at $31.99.

Teck Resources Limited (NYSE: TECK) Key Stats

There are currently 531,330K shares outstanding in the company with a market cap of 19.09 billion. Presently, the company’s annual sales total 10,756 M according to its annual income of 2,288 M. Last quarter, the company’s sales amounted to 3,973 M and its income totaled 1,240 M.


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