Teck Resources (TSE:TECK.A) Hits New 12-Month High – Should You Buy?

Teck Resources Limited (TSE:TECK.A)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$74.50 and last traded at C$74.00, with a volume of 3392 shares trading hands. The stock had previously closed at C$69.60.

Analyst Upgrades and Downgrades

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

Teck Resources Price Performance

The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The company’s 50-day moving average price is C$63.76 and its 200-day moving average price is C$57.15. The company has a market cap of C$35.96 billion, a P/E ratio of 29.58 and a beta of 1.91.

Teck Resources (TSE:TECK.A) last released its earnings results on Wednesday, October 22nd. The company reported C$0.57 earnings per share (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. As a group, sell-side analysts predict that Teck Resources Limited will post 2.5209386 earnings per share 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%.