Teck Resources (TSE:TECK.A) Reaches New 52-Week High – Here’s Why

Teck Resources Limited (TSE:TECK.A) shares reached a new 52-week high on Thursday . The company traded as high as C$87.69 and last traded at C$86.65, with a volume of 1739 shares. The stock had previously closed at C$84.44.

Teck Resources Price Performance

The stock has a 50 day moving average price of C$75.14 and a two-hundred day moving average price of C$69.47. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company has a market capitalization of C$40.76 billion, a PE ratio of 22.08 and a beta of 2.28.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings results on Thursday, April 23rd. The company reported C$1.75 earnings per share for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%.The company had revenue of C$3.94 billion during the quarter. Equities analysts forecast that Teck Resources Limited will post 2.5209386 earnings per share for the current year.

Teck Resources Company Profile

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.