TECK (NYSE:TECK) Target Raised by Raymond James – 3 stars to C$42.00

TECK stock has undergone multiple analysts rating changes in the recent past.  Teck Resources stock Target Raised by Raymond James – 3 stars on 10/13/2021. In a note to investors, the firm issued a new target price of C$42.00. The analysts previously had C$39.00 target price. Raymond James – 3 stars’s price target would indicate a potential upside of 49.36% from the stock’s previous close.

Shares of Teck Resources traded up $0.08 on Wednesday, reaching $28.14. 3662833 shares of the stock traded hands, compared to its average volume of 5368629. On Wednesday, Shares of Teck Resources closed at $28.14. The firm’s 50 day moving average is $23.88 and its 200 day moving average is $22.13.Teck Resources  has a 12 month low of $11.91 and a 12 month high of $28.54. While on yearly highs and lows, Teck Resources today has traded high as $28.50 and has touched $27.80 on the downward trend.

Teck Resources Earnings and What to expect: 

Teck Resources last announced its earnings data on July 27th, 2021. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.13. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.69 billion. Its revenue for the quarter was up 48.7% compared to the same quarter last year. Teck Resources has generated $0.78 earnings per share over the last year ($0.25 diluted earnings per share) and currently has a price-to-earnings ratio of 112.6. Earnings for Teck Resources are expected to grow by 1.80% in the coming year, from $2.78 to $2.83 per share. Teck Resources has confirmed that its next quarterly earnings report will be published on Tuesday, October 26th, 2021. Teck Resources will be holding an earnings conference call on Wednesday, October 27th at 11:00 AM Eastern. Interested parties can .

Earnings for Teck Resources are expected to grow by 1.80% in the coming year, from $2.78 to $2.83 per share. The P/E ratio of Teck Resources is 112.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of Teck Resources is 112.56, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.75. Teck Resources has a P/B Ratio of 0.95. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Teck Resources (NYSE:TECK) Moving Average Technical Analysis

5 day Moving Average is $$27.31 And 5 day price change is $3.59 (14.62%)  with average volume for 5 day average is 3,581,580. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $25.48 and 20 day price change is $1.34 (5.00%) and average 20 day moving volume is 4,946,785. 50 day moving average is $23.88  and 50 day price change is $5.78 ( 25.85%)  and with average volume for 50 days is : 4,850,182. 200 day moving average is $22.13  and 200 day price change is $10.52 (59.70%)  and with average volume for 200 days is : 4,973,500.

Other owners latest trading in TECK :

  • On 10/13/2021 shares held by Crossmark Global Holdings Inc. were 15,039 which equates to market value of $0.44M and appx 0.10% owners of TECK
  • On 10/12/2021 shares held by Foundation Resource Management Inc. were 1,122,280 which equates to market value of $27.96M and appx 6.30% owners of TECK
  • On 10/7/2021 shares held by Pacifica Partners Inc. were 28,639 which equates to market value of $0.71M and appx 0.50% owners of TECK
  • In total Institutional ownership equates to Institutional Ownership Percentage: 45.45% for TECK

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