In recent trading session, Teck Resources Limited (NYSE:TECK) saw 1,995,741 shares changing hands with its beta currently measuring 1.25. Company’s recent per share price level of $12.88 trading at $0.6 or 4.89% at recent trade assigns it a market valuation of $6.94 Billion. That current trading price of TECK’s stock is at a discount of -37.97% from its 52-week high price of $17.77 and is indicating a premium of 56.52% from its 52-week low price of $5.6. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.12 Million shares which gives us an average trading volume of 4.3 Million if we extend that period to 3-months.
For Teck Resources Limited (TECK), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.2. Splitting up the data highlights that, out of 19 analysts covering the stock, none rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 13 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.09 in the current quarter.
Teck Resources Limited (NYSE:TECK) trade information
Upright in the green today for gaining 4.89%, in the last five days TECK remained trading in the green while hitting it’s week-highest on Friday, Oct 23 when the stock touched $14.18- price level, adding 9.73% to its value on the day. Teck Resources Limited’s shares saw a change of -26.31% in year-to-date performance and have moved -6.64% in past 5-day. Teck Resources Limited (NYSE:TECK) showed a performance of -7.51% in past 30-days. Number of shares sold short was 9.61 Million shares which calculate 2.23 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $17.79 to the stock, which implies a rise of 38.12% to its current value. Analysts have been projecting $12.85 as a low price target for the stock while placing it at a high target of $25.08. It follows that stock’s current price would jump +94.72% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.23% for stock’s current value.
Teck Resources Limited (TECK) estimates and forecasts
Statistics highlight that Teck Resources Limited is scoring comparatively lower than the scores of other players of the relevant industry. The company added +39.39% of value to its shares in past 6 months, showing an annual growth rate of -67.57% while that of industry is 16.7. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 19.8% in the current quarter and calculating 3.8% increase in the next quarter. This year revenue growth is estimated to rise 1.3% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.54 Billion for the same. And 10 analysts are in estimates of company making revenue of $2.3 Billion in the next quarter that will end in June 01, 2018. Company posted $2.28 Billion and $2.22 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 11.4% while estimating it to be 3.6% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -30.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -120.2% while estimates for its earnings growth in next 5 years are of -11.82%
Teck Resources Limited is more likely release its next earnings report in August, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.22%, the share has a forward dividend of 0.15 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.27%.
Teck Resources Limited (NYSE:TECK)’s Major holders
Insiders are in possession of 0.32% of company’s total shares while institution are holding 66.89% percent of that, with stock having share float percentage of 67.11%. Investors also watch the number of corporate investors in a company very closely, which is 503 institutions for Teck Resources Limited that are currently holding shares of the company. Royal Bank of Canada is the top institutional holder at TECK for having 22.5 Million shares of worth $234.4 Million. And as of June 29, 2020, it was holding 4.3% of the company’s outstanding shares.
The second largest institutional holder is Letko, Brosseau & Associates Inc., which was holding about 15.78 Million shares on June 29, 2020. The number of shares represents firm’s hold over 3.02% of outstanding shares, having a total worth of $164.45 Million.
On the other hand, Dodge & Cox International Stock Fund and Europacific Growth Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 9726340 shares of worth $101.35 Million or 1.86% of the total outstanding shares. The later fund manager was in possession of 9.05 Million shares on September 29, 2020, making its stake of worth around $126.01 Million in the company or a holder of 1.73% of company’s stock.