Teck Resources (TSE:TECK.A) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Teck Resources Limited (TSE:TECK.A)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$86.90 and traded as high as C$88.02. Teck Resources shares last traded at C$84.99, with a volume of 5,651 shares changing hands.

Teck Resources Stock Performance

The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company has a market cap of C$42.50 billion, a P/E ratio of 23.02 and a beta of 1.64. The stock’s fifty day moving average price is C$87.01 and its two-hundred day moving average price is C$77.76.

Teck Resources (TSE:TECK.A) last announced its quarterly earnings results on Thursday, April 23rd. The company reported C$1.75 earnings per share (EPS) for the quarter. The business had revenue of C$3.94 billion for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%. As a group, equities analysts predict that Teck Resources Limited will post 2.5209386 earnings per share for the current 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.