Teck Resources (TSE:TECK.A) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Teck Resources Limited (TSE:TECK.A) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$79.24 and traded as high as C$91.81. Teck Resources shares last traded at C$91.30, with a volume of 25,013 shares changing hands.

Teck Resources Trading Up 1.0%

The company has a market capitalization of C$44.70 billion, a price-to-earnings ratio of 24.22 and a beta of 2.28. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The firm has a 50-day moving average price of C$79.24 and a 200-day moving average price of C$72.61.

Teck Resources (TSE:TECK.A) last released its quarterly earnings data on Thursday, April 23rd. The company reported C$1.75 earnings per share for the quarter. The business had revenue of C$3.94 billion during the quarter. Teck Resources had a return on equity of 5.03% and a net margin of 9.41%. As a group, sell-side analysts predict that Teck Resources Limited will post 2.5209386 EPS for the current year.

Teck Resources Company Profile

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.