Teck Resources Ltd (TECK) is 9.16% away from 50-day simple Moving Average despite all headwinds

Shaun Noe

On Tuesday, Teck Resources Ltd (NYSE: TECK) was 3.35% up from the session before settling in for the closing price of $41.8. A 52-week range for TECK has been $28.32 – $51.34.

When this article was written, the company’s average yearly earnings per share was at -16.19%. With a float of $469.20 million, this company’s outstanding shares have now reached $488.10 million.

In an organization with 7200 employees, it is important to assess its efficiency.

Teck Resources Ltd (TECK) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Teck Resources Ltd stocks. The insider ownership of Teck Resources Ltd is 4.03%, while institutional ownership is 73.82%.

Teck Resources Ltd (TECK) Latest Financial update

Going through the last 3-months fiscal report unveiled on the 12/31/2024, it has been observed that the corporation posted 0.45 earnings per share (EPS) during the time that was better than consensus figure (set at 0.29) by 0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.58 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -16.19% per share during the next fiscal year.

Teck Resources Ltd (NYSE: TECK) Trading Performance Indicators

You can see what Teck Resources Ltd (TECK) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.81.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.73, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.72 in one year’s time.

Technical Analysis of Teck Resources Ltd (TECK)

Let’s dig in a bit further. During the last 5-days, its volume was 3.43 million. That was inferior than the volume of 4.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 31.25%.

During the past 100 days, Teck Resources Ltd’s (TECK) raw stochastic average was set at 88.30%, which indicates a significant increase from 55.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.57 in the past 14 days, which was higher than the 1.24 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $39.58, while its 200-day Moving Average is $38.35. However, in the short run, Teck Resources Ltd’s stock first resistance to watch stands at $43.78. Second resistance stands at $44.35. The third major resistance level sits at $45.14. If the price goes on to break the first support level at $42.42, it is likely to go to the next support level at $41.63. The third support level lies at $41.06 if the price breaches the second support level.

Teck Resources Ltd (NYSE: TECK) Key Stats

There are 480,357K outstanding shares of the company, which has a market capitalization of 21.12 billion. As of now, sales total 6,616 M while income totals 296,300 K. Its latest quarter income was 2,457 M while its last quarter net income were 203,980 K.

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