Teck Resources Ltd (NYSE:TECK) has a beta value of 1.03 and has seen 0.92 million shares traded in the recent trading session. The company, currently valued at $26.27B, closed the recent trade at $50.56 per share which meant it gained $1.21 on the day or 2.46% during that session. The TECK stock price is -8.17% off its 52-week high price of $54.69 and 32.56% above the 52-week low of $34.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.19 million shares traded. The 3-month trading volume is 3.14 million shares.
The consensus among analysts is that Teck Resources Ltd (TECK) is Buy stock at the moment, with a recommendation rating of 1.48. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 13 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.33.
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Teck Resources Ltd (NYSE:TECK) trade information
Sporting 2.46% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TECK stock price touched $50.56 or saw a rise of 1.98%. Year-to-date, Teck Resources Ltd shares have moved 20.58%, while the 5-day performance has seen it change 2.67%. Over the past 30 days, the shares of Teck Resources Ltd (NYSE:TECK) have changed 8.07%. Short interest in the company has seen 7.83 million shares shorted with days to cover at 2.42.
Wall Street analysts have a consensus price target for the stock at $39.79, which means that the shares’ value could drop -27.07% from the levels at last check today. The projected low price target is $27.0 while the price target rests at a high of $55.7023271. In that case, then, we find that the latest price level in today’s session is -10.17% off the targeted high while a plunge would see the stock lose 46.6% from the levels at last check today.
Teck Resources Ltd (TECK) estimates and forecasts
Figures show that Teck Resources Ltd shares have underperformed across the wider relevant industry. The company’s shares have gained 7.99% over the past 6 months, with this year growth rate of -50.39%, compared to 16.20% for the industry. Revenue growth from the last financial year stood is estimated to be -10.30%.
5 analysts offering their estimates for the company have set an average revenue estimate of 2.05B for the current quarter. 5 have an estimated revenue figure of 2B for the next ending quarter. Year-ago sales stood 2.68B and 3B respectively for this quarter and the next, and analysts expect sales will shrink by -23.60% for the current quarter and -10.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.70% over the past 5 years.
TECK Dividends
Teck Resources Ltd is expected to release its next earnings report on 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.37 at a share yield of 0.73%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.09%.
Teck Resources Ltd (NYSE:TECK)’s Major holders
Insiders own 0.95% of the company shares, while shares held by institutions stand at 78.25% with a share float percentage of 79.00%. Investors are also buoyed by the number of investors in a company, with Teck Resources Ltd having a total of 790.0 institutions that hold shares in the company. The top two institutional holders are FIL LTD with over 19.32 million shares worth more than $925.73 million. As of 2024-06-30, FIL LTD held 3.7315% of shares outstanding.
The other major institutional holder is ROYAL BANK OF CANADA, with the holding of over 18.42 million shares as of 2024-06-30. The firm’s total holdings are worth over $882.5 million and represent 3.5588% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox International Stock Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of Jun 30, 2024, the former fund manager holds about 1.98% shares in the company for having 10.04 shares of worth $511.13 million while later fund manager owns 6.3 shares of worth $320.59 million as of Jul 31, 2024, which makes it owner of about 1.24% of company’s outstanding stock.
