Teck Resources (TSE:TECK.A) Sets New 12-Month High – What’s Next?

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

Teck Resources Stock Performance

The firm’s 50 day moving average is C$68.51 and its 200-day moving average is C$59.47. The stock 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.

Teck Resources (TSE:TECK.A) last released its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.57 earnings per share for the quarter. The company had revenue of C$3.39 billion during 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 earnings per share for the current fiscal year.

Teck Resources Company Profile

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.