Teck Resources Ltd (NYSE:TECK) has a beta value of 0.81 and has seen 2.13 million shares traded in the recent trading session. The company, currently valued at $17.59B, closed the recent trade at $35.01 per share which meant it gained $1.17 on the day or 3.46% during that session. The TECK stock price is -56.21% off its 52-week high price of $54.69 and 19.11% above the 52-week low of $28.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.71 million shares traded. The 3-month trading volume is 3.85 million shares.
The consensus among analysts is that Teck Resources Ltd (TECK) is Buy stock at the moment, with a recommendation rating of 1.46. 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 0.34.
Teck Resources Ltd (NYSE:TECK) trade information
Sporting 3.46% 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 $35.01 or saw a rise of 2.97%. Year-to-date, Teck Resources Ltd shares have moved -13.62%, while the 5-day performance has seen it change 3.52%. Over the past 30 days, the shares of Teck Resources Ltd (NYSE:TECK) have changed -16.46%. Short interest in the company has seen 9.46 million shares shorted with days to cover at 2.21.
Wall Street analysts have a consensus price target for the stock at $39.79, which means that the shares’ value could jump 12.01% 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 -59.1% off the targeted high while a plunge would see the stock lose 22.88% from the levels at last check today..
Teck Resources Ltd (TECK) estimates and forecasts
The company’s shares have lost -30.59% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -24.38%.
10 analysts offering their estimates for the company have set an average revenue estimate of 2.15B for the current quarter. 9 have an estimated revenue figure of 2.17B for the next ending quarter. Year-ago sales stood 3.99B and 3.87B respectively for this quarter and the next, and analysts expect sales will shrink by -46.04% for the current quarter and -24.38% for the next.
Earnings growth for 2025 is a modest -28.11% while over the next 5 years, the company’s earnings are expected to decrease by -0.62%.
TECK Dividends
Teck Resources Ltd is expected to release its next earnings report on 2025-Feb-19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.36 at a share yield of 1.02%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.05%.
Teck Resources Ltd (NYSE:TECK)’s Major holders
Insiders own 0.63% of the company shares, while shares held by institutions stand at 77.32% with a share float percentage of 77.81%. Investors are also buoyed by the number of investors in a company, with Teck Resources Ltd having a total of 796.0 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 3.7236% 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 Funds-Dodge & Cox International Stock Fund and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund . As of Dec 31, 2024 , the former fund manager holds about 1.65% shares in the company for having 8.14 shares of worth $284.2 million while later fund manager owns 7.01 shares of worth $244.72 million as of Jan 31, 2025 , which makes it owner of about 1.42% of company’s outstanding stock.
