Teck Resources Ltd (NYSE: TECK) kicked off on Monday, down -2.69% from the previous trading day, before settling in for the closing price of $47.13. Over the past 52 weeks, TECK has traded in a range of $34.38-$50.46.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 6.77%. While this was happening, its average annual earnings per share was recorded -26.67%. With a float of $504.20 million, this company’s outstanding shares have now reached $509.67 million.
Considering the fact that the conglomerate employs 12600 people, you should pay attention to its efficiency factor.
Teck Resources Ltd (TECK) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Other Industrial Metals & Mining Industry. The insider ownership of Teck Resources Ltd is 2.63%, while institutional ownership is 75.47%.
Teck Resources Ltd (TECK) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported $1.01 earnings per share (EPS), higher than consensus estimate (set at $0.98) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -26.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.25% during the next five years compared to -3.70% drop over the previous five years of trading.
Teck Resources Ltd (NYSE: TECK) Trading Performance Indicators
Take a look at Teck Resources Ltd’s (TECK) current performance indicators. Last quarter, stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.41, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 2.20 in one year’s time.
Technical Analysis of Teck Resources Ltd (TECK)
Compared to the last year’s volume of 4.0 million, its volume of 4.59 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 25.72%. Additionally, its Average True Range was 1.56.
During the past 100 days, Teck Resources Ltd’s (TECK) raw stochastic average was set at 69.04%, which indicates a significant increase from 12.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.71% in the past 14 days, which was lower than the 32.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.96, while its 200-day Moving Average is $40.58. Nevertheless, the first resistance level for the watch stands at $46.43 in the near term. At $47.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $47.62. If the price goes on to break the first support level at $45.23, it is likely to go to the next support level at $44.61. Should the price break the second support level, the third support level stands at $44.04.
Teck Resources Ltd (NYSE: TECK) Key Stats
The company with the Market Capitalisation of 23.75 billion has total of 510,486K Shares Outstanding. Its annual sales at the moment are 11,120 M in contrast with the sum of 1,785 M annual income. Company’s last quarter sales were recorded 3,023 M and last quarter income was 356,860 K.
