Stock To Watch: Teck Resources Ltd (NYSE:TCK)


The leading market experts have placed a mean price target of $14.35 on Teck Resources Ltd (NYSE:TCK) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.18 a share for the upcoming quarter and $0.38 for the current fiscal.

Technical View

The technical analysis of Teck Resources Ltd Ordinary Sha plainly substantiates that the 50-day moving average of Teck Resources Ltd Ordinary Sha is $14.27, and stock is trading $1.92 points away or +13.42% from its 50-day moving average of $14.27. Further it is trading $6.33 or +64.19% away its 200-day moving average of $9.86. Teck Resources Ltd (NYSE:TCK) 52-week high is $16.94 and the 52-week low is $2.56.

This explains if the stock moves $-0.75, it will post a 52-week high. In event of +532.42% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Teck Resources Ltd Ordinary Sha, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Teck Resources Ltd (NYSE:TCK) ratio came in at N/A.

The stock last ended the trading session at $16.19 and registered a market cap of $9.33B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Teck Resources Ltd (NYSE:TCK) PEG ratio is at 2.57.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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