Teck Resources (TSE:TECK.A) Hits New 12-Month High – Here’s Why

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

Teck Resources Stock Up 4.2%

The business’s 50 day moving average price is C$88.21 and its 200-day moving average price is 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 company has a market cap of C$48.86 billion, a P/E ratio of 19.57 and a beta of 1.73.

Teck Resources (TSE:TECK.A) last announced its earnings results on Thursday, July 23rd. The company reported C$1.93 EPS for the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%.The company had revenue of C$3.60 billion for the quarter. On average, analysts anticipate that Teck Resources Limited will post 2.5209386 earnings per share for the current fiscal 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.