The price of Teck Resources Ltd (NYSE: TECK) closed at $48.57 in the last session, down -1.64% from day before closing price of $49.38. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 4055323 shares were traded.
Ratios:
We take a closer look at TECK’s different ratios to gain a better understanding of the stock. 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 25.37B and an Enterprise Value of 32.99B. As of this moment, Teck’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.24, and their Forward P/E ratio for the next fiscal year is 21.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 2.20 whereas that against EBITDA is 5.62.
Stock Price History:
Over the past 52 weeks, TECK has reached a high of $50.30, while it has fallen to a 52-week low of $34.38. The 50-Day Moving Average of the stock is 41.82, while the 200-Day Moving Average is calculated to be 40.36.
Shares Statistics:
According to the various share statistics, TECK traded on average about 4.02M shares per day over the past 3-months and 5.07M shares per day over the past 10 days. 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 75.62% stake in the company. Shares short for TECK as of Mar 28, 2024 were 4.76M with a Short Ratio of 1.26, compared to 8.35M on Feb 29, 2024.
Dividends & Splits
The forward annual dividend rate for TECK is 0.37, which was 0.50 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.01%, it implies a Forward Annual Dividend Yield of 0.76%. 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
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.72 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 $0.72, with high estimates of $1.46 and low estimates of $0.38.
Analysts are recommending an EPS of between $5.02 and $2 for the fiscal current year, implying an average EPS of $3.12. EPS for the following year is $2.4, with 10 analysts recommending between $4.61 and $1.49.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $2.98B. It ranges from a high estimate of $3.03B 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 3.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $2.97B, an increase of 14.50% over than the figure of $3.80% in the same quarter last year. There is a high estimate of $3.06B for the next quarter, whereas the lowest estimate is $2.8B.
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 $10.94B, resulting in an average revenue estimate of $12.03B. In the same quarter a year ago, actual revenue was $11.06B, up 8.80% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $9.05B in the next fiscal year. The high estimate is $13.11B and the low estimate is $7.23B. The average revenue growth estimate for next year is down -24.80% from the average revenue estimate for this year.
