Teck Resources Ltd (NYSE:TECK) shares, rose in value on Thursday, April 25, with the stock price up by 6.65% to the previous day’s close as strong demand from buyers drove the stock to $48.46.
Actively observing the price movement in the recent trading, the stock is buoying the session at $45.44. The PE ratio was 14.20 over 12-month period. Referring to stock’s 52-week performance, its high was $50.46, and the low was $34.38. On the whole, TECK has fluctuated by 12.49% over the past month.
The company’s Forward Dividend Ratio is 0.37, with its dividend yield at 0.77%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.96B, with a low estimate of 2.96B and a high estimate of 3.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.99B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TECK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TECK currently trading nearly 3.16% and 11.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.75, while the 7-day volatility ratio is showing 2.65% which for the 30-day chart, stands at 3.20%. Furthermore, Teck Resources Ltd (TECK)’s beta value is 1.16, and its average true range (ATR) is 1.72.
A comparison of Teck Resources Ltd (TECK) with its peers suggests the former has fared considerably weaker in the market. TECK showed an intraday change of 6.65% in today’s session so far, and over the past year, it grew by 12.18%%.
Data on historical trading for Teck Resources Ltd (NYSE:TECK) indicates that the trading volumes over the past 3 months, they’ve averaged 4.04 million. According to company’s latest data on outstanding shares, there are 509.67 million shares outstanding.
Nearly 2.63% of Teck Resources Ltd’s shares belong to company insiders and institutional investors own 75.47% of the company’s shares. The stock has risen by 14.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TECK stock heading into the next quarter.
