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

Teck Resources Limited (TSE:TECK.A)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$98.55 and last traded at C$98.55, with a volume of 4133 shares traded. The stock had previously closed at C$97.24.

Teck Resources Price Performance

The company has a market cap of C$48.37 billion, a price-to-earnings ratio of 19.37 and a beta of 1.69. 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’s 50 day moving average price is C$86.79 and its 200 day moving average price is C$82.61.

Teck Resources (TSE:TECK.A) last issued its earnings results on Thursday, July 23rd. The company reported C$1.93 earnings per share 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$3.60 billion for the quarter. Equities research analysts forecast that Teck Resources Limited will post 2.5209386 earnings per share 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.