Teck Resources (TSE:TECK.A) Sets New 52-Week High – Should You Buy?

Shares of Teck Resources Limited (TSE:TECK.A) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$64.97 and last traded at C$64.97, with a volume of 579 shares. The stock had previously closed at C$62.31.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upped their price objective on Teck Resources from C$74.00 to C$80.00 in a report on Monday, October 6th.

Teck Resources Price Performance

The stock has a fifty day moving average of C$59.92 and a 200 day moving average of C$54.82. The stock has a market cap of C$30.40 billion, a price-to-earnings ratio of 25.00 and a beta of 1.68. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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

Teck Resources Company Profile

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%.