Teck Resources (TSE:TECK.A) Reaches New 52-Week High - Here's Why

Key Points

• Teck Resources reached a new 52-week high, trading as high as C$87.69 and last at C$86.65 on the day (volume 1,739 shares).
• The company reported strong quarterly results with C$1.75 EPS and C$3.94 billion in revenue, and analysts forecast about 2.52 EPS for the current fiscal year.
• Teck is a leading Canadian miner focused on copper and zinc with a market capitalization of C$40.76 billion and a P/E of 22.08, reflecting its role in the energy transition and copper growth pipeline.

Teck Resources Limited (TSE:TECK.A - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as C$87.69 and last traded at C$86.65, with a volume of 1739 shares. The stock had previously closed at C$84.44.

Teck Resources Price Performance

The stock has a market capitalization of C$40.76 billion, a price-to-earnings ratio of 22.08 and a beta of 2.28. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The stock has a 50-day simple moving average of C$75.14 and a 200 day simple moving average of C$69.47.

Teck Resources (TSE:TECK.A - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported C$1.75 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$3.94 billion during the quarter. On average, equities research analysts forecast that Teck Resources Limited will post 2.5209386 EPS 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.

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