Teck Resources (TSE:TECK.A) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Teck Resources Limited (TSE:TECK.A) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$87.35 and traded as low as C$82.05. Teck Resources shares last traded at C$84.87, with a volume of 15,177 shares.

Teck Resources Trading Up 1.1%

The firm has a market cap of C$41.55 billion, a PE ratio of 22.51 and a beta of 1.69. The business has a 50-day moving average price of C$87.35 and a two-hundred day moving average price of C$78.57. 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 data 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%. 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.