TECK Stock Summary and Trading Ideas (Teck Resources | NYSE:TECK)

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 75%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.

Teck Resources trades on the NYSE stock market under the symbol TECK.

As of April 19, 2024, TECK stock price declined to $47.31 with 1,277,436 million shares trading.

TECK has a beta of 1.09, meaning it tends to be more sensitive to market movements. TECK has a correlation of 0.12 to the broad based SPY ETF.

TECK has a market cap of $24.51 billion. This is considered a Large Cap stock.

Last quarter Teck Resources reported $3 billion in Revenue and $1.03 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.02.

In the last 3 years, TECK stock traded as high as $50.46 and as low as $19.32.

The top ETF exchange traded funds that TECK belongs to (by Net Assets): COPX, DFIV, DFIC, DFAX, DWLD.

TECK stock has underperformed the market in the last year with a return of -0.9%, while SPY returned +21.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TECK shares. However, TECK has outperformed the market in the last 3 month and 2 week periods, returning +27.1% and +0.8%, while SPY returned +4.6% and -3.1%, respectively. This indicates TECK has been having a stronger performance recently.

TECK support price is $46.52 and resistance is $48.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TECK stock will trade within this expected range on the day.