Teck Resources (TSE:TECK.A) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$90.34 and traded as high as C$94.33. Teck Resources shares last traded at C$92.71, with a volume of 1,989 shares changing hands.

Teck Resources Stock Performance

The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company’s 50-day moving average price is C$90.91 and its two-hundred day moving average price is C$84.82. The company has a market cap of C$45.14 billion, a P/E ratio of 18.08 and a beta of 1.73.

Teck Resources (TSE:TECK.A) last released its earnings results on Thursday, July 23rd. The company reported C$1.93 EPS for the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. The business had revenue of C$3.60 billion for the quarter. As a group, equities analysts forecast 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.