Teck Resources (TSE:TECK.A) Sets New 52-Week High – What’s Next?

Shares of Teck Resources Limited (TSE:TECK.A) reached a new 52-week high during trading on Wednesday . The company traded as high as C$72.25 and last traded at C$72.25, with a volume of 4445 shares. The stock had previously closed at C$69.30.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised their price objective on shares of Teck Resources from C$74.00 to C$80.00 in a research note on Monday, October 6th.

Teck Resources Stock Performance

The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The company has a market cap of C$35.27 billion, a PE ratio of 29.02 and a beta of 1.91. The business has a fifty day simple moving average of C$62.04 and a two-hundred day simple moving average of C$56.43.

Teck Resources (TSE:TECK.A) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.57 earnings per share (EPS) for the quarter. The business had revenue of C$3.39 billion for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%. Research analysts anticipate that Teck Resources Limited will post 2.5209386 earnings per share for the current year.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.