In the last trading session, 2.92 million shares of the Teck Resources Ltd (NYSE:TECK) were traded, and its beta was 1.03. Most recently the company’s share price was $47.35, and it changed around $0.54 or 1.15% from the last close, which brings the market valuation of the company to $24.60B. TECK currently trades at a discount to its 52-week high of $54.69, offering almost -15.5% off that amount. The share price’s 52-week low was $34.10, which indicates that the current value has risen by an impressive 27.98% since then. We note from Teck Resources Ltd’s average daily trading volume that its 10-day average is 3.45 million shares, with the 3-month average coming to 3.08 million.
Teck Resources Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 1 out of 19 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 3 recommended TECK as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Teck Resources Ltd is expected to report earnings per share of 0.3 for the current quarter.
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Teck Resources Ltd (NYSE:TECK) trade information
Instantly TECK has showed a green trend with a performance of 1.15% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 50.74 on recent trading dayincreased the stock’s daily price by 6.68%. The company’s shares are currently up 12.92% year-to-date, but still down -6.13% over the last five days. On the other hand, Teck Resources Ltd (NYSE:TECK) is -11.33% down in the 30-day period. We can see from the shorts that 7.73 million shares have been sold at a short interest cover period of 2.37 day(s).
The consensus price target as assigned by Wall Street analysts is $39.79, which translates to bulls needing to decrease their stock price by -19.0% from its current value. Analyst projections state that TECK is forecast to be at a low of $27 and a high of $55.7023271.
Teck Resources Ltd (TECK) estimates and forecasts
Teck Resources Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.26 percent over the past six months and at a -51.97% annual growth rate that is well below the industry average of 15.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -70.60% in revenue this quarter, and will report a decrease of -23.60% in the next quarter. The year-over-year growth rate is expected to be -12.20%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 1.88B in revenue for the current quarter. 1 analysts expect Teck Resources Ltd to make 1.83B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3B and 2.91B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -37.50%. Forecasts for the next quarter put sales growth at -37.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -3.70%. Teck Resources Ltd earnings are expected to increase by -52.26% in 2024, but the outlook is negative -10.42% per year for the next five years.
TECK Dividends
Teck Resources Ltd’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 0.78 percent and its annual dividend per share was 0.37. It is important to note, however, that the 0.78% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.09 per year.
Teck Resources Ltd (NYSE:TECK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.95% of Teck Resources Ltd shares, and 78.27% of them are in the hands of institutional investors. The stock currently has a share float of 79.02%. Teck Resources Ltd stock is held by 799.0 institutions, with FIL LTD being the largest institutional investor. By 2024-06-30, it held 3.7315% of the shares, which is about 19.32 million shares worth $925.73 million.
ROYAL BANK OF CANADA, with 3.5588% or 18.42 million shares worth $882.5 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
