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After finishing at $45.86 in the prior trading day, Teck Resources Ltd (NYSE: TECK) closed at $45.53, down -0.72%. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 4.16 million shares were traded. TECK stock price reached its highest trading level at $45.655 during the session, while it also had its lowest trading level at $44.53.
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 23522437120 and an Enterprise Value of 35398307840. As of this moment, Teck’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.35, and their Forward P/E ratio for the next fiscal year is 20.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 2.358 whereas that against EBITDA is 6.222.
Stock Price History:
Over the past 52 weeks, TECK has reached a high of $50.46, while it has fallen to a 52-week low of $34.38. The 50-Day Moving Average of the stock is 5.98%, while the 200-Day Moving Average is calculated to be 12.21%.
Shares Statistics:
The stock has traded on average 4.07M shares per day over the past 3-months and 4613590 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 504.20M. Insiders hold about 2.63% of the company’s shares, while institutions hold 75.46% stake in the company. Shares short for TECK as of 1711584000 were 4759757 with a Short Ratio of 1.24, compared to 1709164800 on 8350352.
Dividends & Splits
In the trailing 12 months, TECK’s forward annual dividend rate was 0.5, compared to 0.37 this year. Against a Trailing Annual Dividend Yield of 0.0109027475The stock’s 5-year Average Dividend Yield is 1.09.
Earnings Estimates
The stock of Teck Resources Ltd (TECK) is currently in the spotlight, with 9.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $1.33 and a low estimate of $0.46, while EPS last year was $1.35. The consensus estimate for the next quarter is $0.65, with high estimates of $1.44 and low estimates of $0.37.
Analysts are recommending an EPS of between $4.96 and $1.97 for the fiscal current year, implying an average EPS of $2.84. EPS for the following year is $2.36, with 11.0 analysts recommending between $3.46 and $1.47.
Revenue Estimates
4 analysts predict $2.96B in revenue for the current quarter. It ranges from a high estimate of $3B to a low estimate of $2.94B. As of the current estimate, Teck Resources Ltd’s year-ago sales were $2.87BFor the next quarter, 4 analysts are estimating revenue of $2.91B. There is a high estimate of $3.03B for the next quarter, whereas the lowest estimate is $2.79B.
A total of 11 analysts have provided revenue estimates for TECK’s current fiscal year. The highest revenue estimate was $13.49B, while the lowest revenue estimate was $10.81B, resulting in an average revenue estimate of $11.89B. In the same quarter a year ago, actual revenue was $10.92BBased on 10 analysts’ estimates, the company’s revenue will be $9.04B in the next fiscal year. The high estimate is $14.01B and the low estimate is $7.14B.
