In the latest trading session, 1.18 million Teck Resources Ltd (NYSE:TECK) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $49.50 changing hands around $1.22 or 2.53% at last look, the market valuation stands at $25.65B. TECK’s current price is a discount, trading about -11.37% off its 52-week high of $55.13. The share price had its 52-week low at $34.38, which suggests the last value was 30.55% up since then. When we look at Teck Resources Ltd’s average trading volume, we note the 3-month average coming to 3.23 million.
Teck Resources Ltd (NYSE:TECK) trade information
Instantly TECK is in green as seen in intraday trades today. With action 1.98%, the performance over the past five days has been green. The jump to weekly highs of 52.76 added 2.53% to the stock’s daily price. The company’s shares are showing year-to-date upside of 17.10%, with the 5-day performance at 1.98% in the green. However, in the 30-day time frame, Teck Resources Ltd (NYSE:TECK) is 0.67% up.
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Teck Resources Ltd (TECK) estimates and forecasts
Data shows that the Teck Resources Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 23.26% over the past 6 months, a -46.19% in annual growth rate that is considerably lower than the industry average of 20.20%. Year-over-year growth is forecast to reach 4.80% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 2.94B. 3 analysts are of the opinion that Teck Resources Ltd’s revenue for the current quarter will be 2.71B. The company’s revenue for the corresponding quarters a year ago was 2.59B and 2.68B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.40%. The estimates for the next quarter sales put growth at 1.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.70%. The 2024 estimates are for Teck Resources Ltd earnings to decrease by -43.50%, but the outlook for the next 5-year period is at -6.53% per year.
TECK Dividends
Teck Resources Ltd is expected to release its next quarterly earnings report in August. The 0.75% annual yield figure for the share gives it an annual dividend of 0.37. It is important to note, however, that the 0.75% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
