After finishing at $47.86 in the prior trading day, Teck Resources Ltd (NYSE: TECK) closed at $46.92, down -1.96%. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 4745899 shares were traded.
Ratios:
Our goal is to gain a better understanding of TECK by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.38.
On October 17, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $52.JP Morgan initiated its Overweight rating on October 17, 2023, with a $52 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TECK now has a Market Capitalization of 24.29B and an Enterprise Value of 31.92B. As of this moment, Teck’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.75, and their Forward P/E ratio for the next fiscal year is 18.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 2.13 whereas that against EBITDA is 5.43.
Stock Price History:
Over the past 52 weeks, TECK has reached a high of $49.34, while it has fallen to a 52-week low of $34.38. The 50-Day Moving Average of the stock is 40.88, while the 200-Day Moving Average is calculated to be 40.15.
Shares Statistics:
The stock has traded on average 3.89M shares per day over the past 3-months and 4.28M shares per day over the last 10 days, according to various share statistics. A total of 509.67M shares are outstanding, with a floating share count of 504.23M. Insiders hold about 2.62% of the company’s shares, while institutions hold 75.64% stake in the company. Shares short for TECK as of Mar 15, 2024 were 4.76M with a Short Ratio of 1.22, compared to 8.15M on Feb 15, 2024.
Dividends & Splits
In the trailing 12 months, TECK’s forward annual dividend rate was 0.50, compared to 0.37 this year. Against a Trailing Annual Dividend Yield of 1.04%, it implies a Forward Annual Dividend Yield of 0.77%. The stock’s 5-year Average Dividend Yield is 1.09. The current Payout Ratio is 10.71% for TECK, which recently paid a dividend on Mar 28, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on May 11, 2007 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.9 for the current quarter, with a high estimate of $1.35 and a low estimate of $0.46, while EPS last year was $1.35. The consensus estimate for the next quarter is $0.86, with high estimates of $1.46 and low estimates of $0.54.
Analysts are recommending an EPS of between $5.03 and $2.2 for the fiscal current year, implying an average EPS of $3.39. EPS for the following year is $2.59, with 10 analysts recommending between $4.61 and $1.49.
Revenue Estimates
4 analysts predict $3.08B in revenue for the current quarter. It ranges from a high estimate of $3.21B to a low estimate of $2.95B. As of the current estimate, Teck Resources Ltd’s year-ago sales were $2.87B, an estimated increase of 7.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $3.03B, an increase of 16.90% over than the figure of $7.10% in the same quarter last year. There is a high estimate of $3.12B for the next quarter, whereas the lowest estimate is $2.97B.
A total of 11 analysts have provided revenue estimates for TECK’s current fiscal year. The highest revenue estimate was $13.66B, while the lowest revenue estimate was $11.15B, resulting in an average revenue estimate of $12.02B. In the same quarter a year ago, actual revenue was $11.07B, up 8.70% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $8.97B in the next fiscal year. The high estimate is $13.12B and the low estimate is $7.24B. The average revenue growth estimate for next year is down -25.40% from the average revenue estimate for this year.
