Teck Resources (TSE:TECK.A) Hits New 12-Month High – Should You Buy?

Teck Resources Limited (TSE:TECK.A) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$65.20 and last traded at C$65.11, with a volume of 3158 shares traded. The stock had previously closed at C$63.83.

Wall Street Analyst Weigh In

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

Teck Resources Stock Up 0.4%

The company has a market cap of C$32.16 billion, a P/E ratio of 26.46 and a beta of 1.68. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The stock has a fifty day moving average price of C$60.37 and a two-hundred day moving average price of C$55.38.

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

About Teck Resources

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%.