In spite of Teck Resources Limited’s (NYSE:TECK) recent upswing, most analysts remain bearish.

As of close of business last night, Teck Resources Limited’s stock clocked out at 31.41, up 2.25% from its previous closing price of $30.72. In other words, the price has increased by $+0.69 from its previous closing price. On the day, 4434699 shares were traded.

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To gain a deeper understanding of TECK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.34.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on September 16, 2022, Upgraded its rating to Overweight and sets its target price to $51 from $41 previously.

Morgan Stanley Downgraded its Overweight to Equal-Weight on June 23, 2022, whereas the target price for the stock was revised from $47 to $45.

Valuation Measures:

As of this moment, Teck’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.08, and their Forward P/E ratio for the next fiscal year is 5.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 0.88.

Stock Price History:

Over the past 52 weeks, TECK has reached a high of $45.90, while it has fallen to a 52-week low of $23.66. The 50-Day Moving Average of the stock is 31.52, while the 200-Day Moving Average is calculated to be 34.79.

Shares Statistics:

It appears that TECK traded 5.47M shares on average per day over the past three months and 4.28M shares per day over the past ten days. A total of 536.40M shares are outstanding, with a floating share count of 528.45M. Insiders hold about 1.40% of the company’s shares, while institutions hold 70.60% stake in the company. Shares short for TECK as of Jul 14, 2022 were 9.3M with a Short Ratio of 2.16, compared to 7.32M on Jun 14, 2022.

Dividends & Splits

With its trailing 12-month dividend rate of 0.20, TECK has a forward annual dividend rate of 0.38. Against a Trailing Annual Dividend Yield of 0.65%, it implies a Forward Annual Dividend Yield of 1.32%. The stock’s 5-year Average Dividend Yield is 0.82. The current Payout Ratio is 4.50% for TECK, which recently paid a dividend on Sep 28, 2022 with an ex-dividend date of Sep 13, 2022. Stock splits for the company last occurred on May 10, 2007 when the company split stock in a 2:1 ratio.

Earnings Estimates

As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.76 for the current quarter, with a high estimate of $2.27 and a low estimate of $0.89, while EPS last year was $1.47. The consensus estimate for the next quarter is $1.38, with high estimates of $2.01 and low estimates of $0.74.

Analysts are recommending an EPS of between $9.68 and $6.09 for the fiscal current year, implying an average EPS of $8.01. EPS for the following year is $5.27, with 15 analysts recommending between $8.29 and $2.57.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $3.68B. It ranges from a high estimate of $4.13B to a low estimate of $3.28B. As of the current estimate, Teck Resources Limited’s year-ago sales were $2.78B, an estimated increase of 32.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $3.35B, a decrease of -3.20% less than the figure of $32.20% in the same quarter last year. There is a high estimate of $3.71B for the next quarter, whereas the lowest estimate is $2.96B.

A total of 15 analysts have provided revenue estimates for TECK’s current fiscal year. The highest revenue estimate was $16.09B, while the lowest revenue estimate was $12.8B, resulting in an average revenue estimate of $15.04B. In the same quarter a year ago, actual revenue was $10.6B, up 41.90% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $13.52B in the next fiscal year. The high estimate is $15B and the low estimate is $11.03B. The average revenue growth estimate for next year is down -10.10% from the average revenue estimate for this year.