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

Shares of Teck Resources Limited (TSE:TECK.A) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$89.19 and traded as high as C$90.82. Teck Resources shares last traded at C$89.91, with a volume of 1,718 shares changing hands.

Teck Resources Price Performance

The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company has a market cap of C$44.86 billion, a price-to-earnings ratio of 17.96 and a beta of 1.73. The business has a fifty day moving average price of C$89.38 and a 200 day moving average price of C$84.03.

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. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%.The firm had revenue of C$3.60 billion for the quarter. As a group, research analysts anticipate that Teck Resources Limited will post 2.5209386 earnings per share for the current year.

About Teck Resources

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.