Teck Resources (TSE:TECK.A) Sets New 52-Week High – Time to Buy?

Teck Resources Limited (TSE:TECK.A) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$76.63 and last traded at C$75.49, with a volume of 25809 shares. The stock had previously closed at C$73.00.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their price target 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 stock has a 50-day moving average price of C$65.29 and a 200 day moving average price of C$57.80. The stock has a market capitalization of C$37.91 billion, a price-to-earnings ratio of 31.18 and a beta of 1.91.

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