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

Teck Resources Limited (TSE:TECK.A) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$82.39 and last traded at C$82.27, with a volume of 3457 shares changing hands. The stock had previously closed at C$79.55.

Teck Resources Trading Up 3.1%

The firm has a market capitalization of C$40.03 billion, a price-to-earnings ratio of 32.93 and a beta of 1.94. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company has a 50 day moving average price of C$68.51 and a two-hundred day moving average price of C$59.47.

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

About Teck Resources

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.