Extremely significant positive changes in Teck Resources Ltd (NYSE: TECK) investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Recent meaningful positive changes in fundamentals have benefitted Teck Resources Ltd (NYSE: TECK). Positive developments: the consensus estimate for December, 2025 increased significantly, the stock’s power rating rose above 70, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TECK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Teck Resources has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Teck Resources has a good Power Rating of 73 and a very high Appreciation Score of 92, leading to the Highest Value Trend Rating.
Recent Price Action
Teck Resources Ltd (NYSE: TECK) stock closed at $47.90 on 6/28/24 after a slight decline of -0.2%. However, unusually low trading volume at 53% of normal accompanied the decline. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
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