Teck Resources (TSE:TECK.A) Reaches New 52-Week High – Here’s What Happened

Teck Resources Limited (TSE:TECK.A)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$64.97 and last traded at C$64.97, with a volume of 579 shares. The stock had previously closed at C$62.31.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised their target price on Teck Resources from C$74.00 to C$80.00 in a research report on Monday, October 6th.

Teck Resources Price Performance

The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company has a market cap of C$31.16 billion, a PE ratio of 25.63 and a beta of 1.68. The firm has a 50 day moving average of C$60.04 and a two-hundred day moving average of C$54.96.

Teck Resources (TSE:TECK.A) last released its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$3.39 billion during the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. Research analysts predict that Teck Resources Limited will post 2.5209386 earnings per share for the current fiscal year.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.