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The countdown is on: Teck Resources Limited (TECK)

Teck Resources Limited (TECK) is priced at $32.04 after the most recent trading session. At the very opening of the session, the stock price was $31.17 and reached a high price of $33.33, prior to closing the session it reached the value of $33.32. The stock touched a low price of $31.03.Recently in News on September 16, 2022, Teck and Agnico Eagle Announce Agreement on the San Nicolás Copper-Zinc Project located in Zacatecas, Mexico. Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (“Agnico Eagle”) and Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) (“Teck”) announced today that Agnico Eagle has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I. de C.V. (“MSN”), a wholly-owned Teck subsidiary which owns the San Nicolás copper-zinc development project located in Zacatecas, Mexico (the “Transaction”). As a result of the Transaction, Teck and Agnico Eagle will become 50/50 joint venture partners at San Nicolás. You can read further details here

Teck Resources Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $45.90 on 06/07/22, with the lowest value was $24.72 for the same time period, recorded on 07/14/22.

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Teck Resources Limited (TECK) full year performance was 36.39%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Teck Resources Limited shares are logging -30.20% during the 52-week period from high price, and 42.17% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $22.54 and $45.90.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1417715 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Teck Resources Limited (TECK) recorded performance in the market was 16.71%, having the revenues showcasing -8.61% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 18.14B, as it employees total of 10600 workers.

The Analysts eye on Teck Resources Limited (TECK)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 34.56, with a change in the price was noted -7.13. In a similar fashion, Teck Resources Limited posted a movement of -18.15% for the period of last 100 days, recording 5,270,014 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TECK is recording 0.36 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.34.

Technical rundown of Teck Resources Limited (TECK)

Raw Stochastic average of Teck Resources Limited in the period of last 50 days is set at 57.63%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 17.12%. In the last 20 days, the company’s Stochastic %K was 20.91% and its Stochastic %D was recorded 18.78%.

Considering, the past performance of Teck Resources Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 16.71%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -14.54%, alongside a boost of 36.39% for the period of the last 12 months. The shares increased approximately by -4.28% in the 7-day charts and went down by -3.73% in the period of the last 30 days. Common stock shares were lifted by -8.61% during last recorded quarter.

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