Teck Resources (TSE:TECK.A) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Shares of Teck Resources Limited (TSE:TECK.A) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$91.84 and traded as high as C$93.32. Teck Resources shares last traded at C$92.85, with a volume of 1,411 shares changing hands.

Teck Resources Stock Performance

The company has a market cap of C$47.96 billion, a PE ratio of 19.21 and a beta of 1.73. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The company has a 50-day moving average of C$92.10 and a 200-day moving average of C$85.60.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings data on Thursday, July 23rd. The company reported C$1.93 EPS for the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. The firm had revenue of C$3.60 billion during the quarter. As a group, analysts anticipate that Teck Resources Limited will post 2.5209386 earnings per share 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.