Teck Resources (TSE:TECK.A) Hits New 1-Year High – Time to Buy?

Shares of Teck Resources Limited (TSE:TECK.A) hit a new 52-week high on Wednesday . The stock traded as high as C$82.31 and last traded at C$79.20, with a volume of 2981 shares trading hands. The stock had previously closed at C$80.69.

Teck Resources Stock Down 4.4%

The firm’s 50-day moving average is C$66.87 and its 200 day moving average is C$58.56. The stock has a market cap of C$37.64 billion, a price-to-earnings ratio of 30.96 and a beta of 1.94. 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 issued its earnings results on Wednesday, October 22nd. The company reported C$0.57 earnings per share for the quarter. The company had revenue of C$3.39 billion during the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%. Sell-side analysts anticipate that Teck Resources Limited will post 2.5209386 earnings per share 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%.