Teck Resources (TSE:TECK.A) Reaches New 12-Month High – Here’s What Happened

Teck Resources Limited (TSE:TECK.A)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$72.25 and last traded at C$72.25, with a volume of 4445 shares. The stock had previously closed at C$69.30.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their target price on Teck Resources from C$74.00 to C$80.00 in a research note on Monday, October 6th.

Teck Resources Trading Down 3.6%

The firm has a market capitalization of C$34.31 billion, a price-to-earnings ratio of 28.22 and a beta of 1.91. The business has a 50-day moving average of C$62.85 and a two-hundred day moving average of C$56.75. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.57 EPS for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%.The firm had revenue of C$3.39 billion during the quarter. Research analysts predict that Teck Resources Limited will post 2.5209386 EPS for the current fiscal year.

About Teck Resources

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.