An analyst sees good growth prospects for Teck Resources Ltd (TECK)

With 2.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.95 million shares. The 52-week range on TECK shows that it touched its highest point at $54.69 and its lowest point at $28.32 during that stretch. It currently has a 1-year price target of $47.81. With its current market cap of 17.64 billion, TECK has annualized dividend of $0.36 while the current yield stands at 1.02%. Beta for the stock currently stands at 0.79.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TECK was down-trending over the past week, with a drop of -0.37%, but this was up by 17.16% over a month. Three-month performance dropped to -16.33% while six-month performance fell -24.50%. The stock lost -26.97% in the past year, while it has lost -13.40% so far this year. A look at the trailing 12-month EPS for TECK yields 0.48 with Next year EPS estimates of 1.80. For the next quarter, that number is 0.25. This implies an EPS growth rate of -19.96% for this year and 23.46% for next year.

Float and Shares Shorts:

At present, 500.30 million TECK shares are outstanding with a float of 483.47 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TECK since 13 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.35436 being high and $2.08625 being low. For TECK, this leads to a yearly average estimate of $2.46805.