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

Shares of Teck Resources Limited (TSE:TECK.A) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$50.09 and traded as high as C$63.43. Teck Resources shares last traded at C$61.50, with a volume of 2,800 shares changing hands.

Teck Resources Stock Performance

The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The stock has a market cap of C$30.01 billion, a price-to-earnings ratio of 106.03 and a beta of 1.58. The stock’s 50 day moving average is C$50.09 and its two-hundred day moving average is C$51.09.

Teck Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) 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.