Teck Resources (TSE:TECK.A) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Teck Resources Limited (TSE:TECK.A) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$84.53 and traded as high as C$95.86. Teck Resources shares last traded at C$92.44, with a volume of 21,077 shares changing hands.

Teck Resources Stock Up 3.1%

The firm’s 50-day moving average price is C$84.53 and its 200 day moving average price is C$75.34. The firm has a market capitalization of C$45.26 billion, a price-to-earnings ratio of 24.52 and a beta of 1.64. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

Teck Resources (TSE:TECK.A) last released its quarterly earnings results on Thursday, April 23rd. The company reported C$1.75 EPS for the quarter. The business had revenue of C$3.94 billion for the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. Sell-side analysts expect 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.