In the latest trading session,, 0.41 million Teck Resources Ltd (NYSE:TECK) shares changed hands as the company’s beta touched 0.79. With the company’s most recent per share price at $35.91 changing hands around $0.33 or 0.93% at last look, the market valuation stands at $18.04B. TECK’s current price is a discount, trading about -52.3% off its 52-week high of $54.69. The share price had its 52-week low at $28.32, which suggests the last value was 21.14% up since then. When we look at Teck Resources Ltd’s average trading volume, we note the 10-day average is 3.9 million shares, with the 3-month average coming to 3.93 million.
Analysts gave the Teck Resources Ltd (TECK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.38. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended TECK as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Teck Resources Ltd’s EPS for the current quarter is expected to be 0.28.
Teck Resources Ltd (NYSE:TECK) trade information
Instantly TECK is in green as seen in intraday trades today. With action 9.72%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -11.40%, with the 5-day performance at 9.72% in the green. However, in the 30-day time frame, Teck Resources Ltd (NYSE:TECK) is -8.67% down. Looking at the short shares, we see there were 9.46 million shares sold at short interest cover period of 2.18 days.
The consensus price target for the stock as assigned by Wall Street analysts is 39.79, meaning bulls need an upside of 9.75% from its recent market value. According to analyst projections, TECK’s forecast low is 27 with 55.7023271 as the target high. To hit the forecast high, the stock’s price needs a -55.12% plunge from its current level, while the stock would need to tank 24.81% for it to hit the projected low.
Teck Resources Ltd (TECK) estimates and forecasts
Year-over-year growth is forecast to reach -23.58% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 2.31B. 7 analysts are of the opinion that Teck Resources Ltd’s revenue for the current quarter will be 2.81B. The company’s revenue for the corresponding quarters a year ago was 3.87B and 2.86B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -40.24%. The estimates for the next quarter sales put growth at -1.62%.
The 2025 estimates are for Teck Resources Ltd earnings to decrease by -22.25%, but the outlook for the next 5-year period is at -0.59% per year.
TECK Dividends
Teck Resources Ltd is expected to release its next quarterly earnings report on 2025-Apr-23. The 0.99% annual yield figure for the share gives it an annual dividend of 0.36. It is important to note, however, that the 0.99% 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. During the past 5 years, the average dividend yield was 1.05 per year.
Teck Resources Ltd (NYSE:TECK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.63% of Teck Resources Ltd shares while 77.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.80%. There are 77.31% institutions holding the Teck Resources Ltd stock share, with FIL LTD the top institutional holder. As of 2024-06-30, the company held 3.7236% of the shares, roughly 19.32 million TECK shares worth $925.73 million.
ROYAL BANK OF CANADA holds the second largest percentage of outstanding shares, with 3.5588% or 18.42 million shares worth $882.5 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Dodge & Cox Funds-Dodge & Cox International Stock Fund and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund . With 8.14 shares estimated at $289.98 million under it, the former controlled 1.65% of total outstanding shares. On the other hand, VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund held about 1.42% of the shares, roughly 7.01 shares worth around $249.69 million.
