Teck Resources (TSE:TECK.A) Reaches New 1-Year High – Still a Buy?

Teck Resources Limited (TSE:TECK.A) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$99.84 and last traded at C$99.84, with a volume of 4322 shares changing hands. The stock had previously closed at C$95.63.

Teck Resources Stock Performance

The stock has a 50-day moving average of C$88.21 and a 200 day moving average of C$83.49. 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 stock has a market capitalization of C$48.86 billion, a price-to-earnings ratio of 19.57 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 earnings per share (EPS) for the quarter. The company had revenue of C$3.60 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 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.