Teck Resources (TSE:TECK.A) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Teck Resources Limited (TSE:TECK.A) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$66.87 and traded as high as C$81.45. Teck Resources shares last traded at C$80.69, with a volume of 4,985 shares trading hands.

Teck Resources Trading Up 7.6%

The firm has a market capitalization of C$39.39 billion, a price-to-earnings ratio of 32.41 and a beta of 1.94. The business has a 50-day moving average of C$66.87 and a two-hundred day moving average of C$58.56. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C$0.57 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. Research analysts predict that Teck Resources Limited will post 2.5209386 EPS for the current fiscal year.

About Teck Resources

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. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck’s attributable copper production by around 80%.