Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Teck Resources Ltd (NYSE: TECK) closed the day trading at $47.20 up 0.15% from the previous closing price of $47.13. In other words, the price has increased by $0.15 from its previous closing price. On the day, 4.96 million shares were traded. TECK stock price reached its highest trading level at $48.87 during the session, while it also had its lowest trading level at $47.04.
Ratios:
For a better understanding of TECK, let’s 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 24373938176 and an Enterprise Value of 36092157952. As of this moment, Teck’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.84, and their Forward P/E ratio for the next fiscal year is 21.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 2.404 whereas that against EBITDA is 6.344.
Stock Price History:
The Beta on a monthly basis for TECK is 1.14, which has changed by 0.013527989 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. 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 11.65%, while the 200-Day Moving Average is calculated to be 16.66%.
Shares Statistics:
Over the past 3-months, TECK traded about 4.02M shares per day on average, while over the past 10 days, TECK traded about 4650840 shares per day. 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 75.51% stake in the company. Shares short for TECK as of 1711584000 were 4759757 with a Short Ratio of 1.26, compared to 1709164800 on 8350352.
Dividends & Splits
TECK’s forward annual dividend rate is 0.37, up from 0.5 a year ago. 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 2024-03-14 with an ex-dividend date of 1710374400. Stock splits for the company last occurred on 2007-05-11 when the company split stock in a 2:1 ratio.
Earnings Estimates
Investors are keenly observing as 9 analysts analyze and rate the current performance of Teck Resources Ltd (TECK) in the stock market.On average, analysts expect EPS of $0.69 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 $0.72, with high estimates of $1.44 and low estimates of $0.37.
Analysts are recommending an EPS of between $4.95 and $1.97 for the fiscal current year, implying an average EPS of $2.99. EPS for the following year is $2.45, with 11 analysts recommending between $4.54 and $1.47.
Revenue Estimates
4 analysts predict $2.94B in revenue for the current quarter. It ranges from a high estimate of $2.99B to a low estimate of $2.91B. As of the current estimate, Teck Resources Ltd’s year-ago sales were $2.87B, an estimated increase of 2.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $2.94B, an increase of 13.30% over than the figure of $2.20% in the same quarter last year. There is a high estimate of $3.02B for the next quarter, whereas the lowest estimate is $2.82B.
A total of 11 analysts have provided revenue estimates for TECK’s current fiscal year. The highest revenue estimate was $13.44B, while the lowest revenue estimate was $10.77B, resulting in an average revenue estimate of $11.85B. In the same quarter a year ago, actual revenue was $10.89B, up 8.80% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $8.91B in the next fiscal year. The high estimate is $12.91B and the low estimate is $7.12B. The average revenue growth estimate for next year is down -24.80% from the average revenue estimate for this year.
