In the latest session, Teck Resources Ltd (NYSE: TECK) closed at $42.23 up 1.73% from its previous closing price of $41.51. In other words, the price has increased by $+0.72 from its previous closing price. On the day, 2821026 shares were traded.
Ratios:
For a deeper understanding of Teck Resources Ltd’s stock, let’s take a closer look at its various 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 21.88B and an Enterprise Value of 29.55B. As of this moment, Teck’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.38, and their Forward P/E ratio for the next fiscal year is 16.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 1.97 whereas that against EBITDA is 5.03.
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 $32.48. The 50-Day Moving Average of the stock is 39.17, while the 200-Day Moving Average is calculated to be 39.89.
Shares Statistics:
For the past three months, TECK has traded an average of 3.59M shares per day and 3.65M over the past ten days. 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 75.45% stake in the company. Shares short for TECK as of Feb 29, 2024 were 8.35M with a Short Ratio of 2.33, compared to 7.86M on Jan 31, 2024.
Dividends & Splits
According to the company, the forward annual dividend rate for TECK is 0.37, from 0.50 in the trailing year. Against a Trailing Annual Dividend Yield of 1.20%, it implies a Forward Annual Dividend Yield of 0.88%. 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
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.98 for the current quarter, with a high estimate of $1.36 and a low estimate of $0.56, while EPS last year was $1.35. The consensus estimate for the next quarter is $0.93, with high estimates of $1.47 and low estimates of $0.62.
Analysts are recommending an EPS of between $5.06 and $2.23 for the fiscal current year, implying an average EPS of $3.57. EPS for the following year is $2.65, with 10 analysts recommending between $4.64 and $1.5.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $3.08B this quarter.It ranges from a high estimate of $3.23B to a low estimate of $2.97B. As of the current estimate, Teck Resources Ltd’s year-ago sales were $2.87B, an estimated increase of 7.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $3.03B, an increase of 17.00% over than the figure of $7.00% in the same quarter last year. There is a high estimate of $3.07B for the next quarter, whereas the lowest estimate is $2.99B.
A total of 11 analysts have provided revenue estimates for TECK’s current fiscal year. The highest revenue estimate was $13.75B, while the lowest revenue estimate was $11.21B, resulting in an average revenue estimate of $12.08B. In the same quarter a year ago, actual revenue was $11.13B, up 8.50% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $8.95B in the next fiscal year. The high estimate is $13.19B and the low estimate is $7.28B. The average revenue growth estimate for next year is down -25.90% from the average revenue estimate for this year.
