Teck Resources (TSE:TECK.A) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Teck Resources Limited (TSE:TECK.A) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$54.20 and traded as high as C$60.93. Teck Resources shares last traded at C$59.07, with a volume of 1,408 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased their target price on shares of Teck Resources from C$74.00 to C$80.00 in a report on Monday, October 6th.

Teck Resources Price Performance

The company’s 50-day moving average price is C$54.20 and its 200-day moving average price is C$51.54. 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$28.82 billion, a P/E ratio of 101.84 and a beta of 1.72.

Teck Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio is currently 86.21%.

About Teck Resources

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.