Teck Resources (TSE:TECK.A) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Teck Resources' stock surpassed its 50-day moving average of C$50.09, reaching a trading high of C$63.43 before closing at C$61.50.
• The company recently declared a quarterly dividend of $0.125, which translates to an annualized dividend of $0.50 and a yield of 0.8%.
• Teck Resources ranks as the world's second-largest exporter of seaborne metallurgical coal, with diversified operations in coal, copper, zinc, and oil sands across multiple countries.

Shares of Teck Resources Limited (TSE:TECK.A - ) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$50.09 and traded as high as C$63.43. Teck Resources shares last traded at C$61.50, with a volume of 2,800 shares traded.

Teck Resources Price Performance

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 stock has a fifty day moving average of C$50.09 and a 200-day moving average of C$51.09. The stock has a market capitalization of C$30.01 billion, a price-to-earnings ratio of 106.03 and a beta of 1.58.

Teck Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. Teck Resources's dividend payout ratio (DPR) is 86.21%.

Teck Resources Company Profile

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.

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