Teck Resources (TSE:TECK.A) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$58.93 and traded as high as C$59.96. Teck Resources shares last traded at C$59.78, with a volume of 826 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their target price on shares of Teck Resources from C$74.00 to C$80.00 in a report on Monday, October 6th.

Teck Resources Stock Down 0.0%

The stock has a fifty day moving average of C$59.15 and a 200 day moving average of C$53.66. 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 firm has a market capitalization of C$29.41 billion, a P/E ratio of 24.19 and a beta of 1.77.

Teck Resources (TSE:TECK.A) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.57 earnings per share (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$3.39 billion during the quarter. On average, research analysts anticipate that Teck Resources Limited will post 2.5209386 EPS for the current fiscal year.

Teck Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio is presently 20.08%.

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.