Nov 16, 2015
Teck Resources Ltd (NYSE:TCK) has lost 14.47% during the past week and dropped 28.86% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 11.25%. Teck Resources Ltd (NYSE:TCK) has underperformed the index by 28.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Teck Resources Limited has dropped 33.86% during the last 3-month period . Year-to-Date the stock performance stands at -65.85%.The company shares have dropped 71.54% in the past 52 Weeks. On November 21, 2014 The shares registered one year high of $17.88 and one year low was seen on September 28, 2015 at $4.39. The 50-day moving average is $5.86 and the 200 day moving average is recorded at $8.61. S&P 500 has rallied 0.9% during the last 52-weeks.
Teck Resources Ltd (NYSE:TCK) witnessed a decline in the market cap on Friday as its shares dropped 2.33% or 0.11 points. After the session commenced at $4.74, the stock reached the higher end at $4.77 while it hit a low of $4.51. With the volume soaring to 6,498,889 shares, the last trade was called at $4.61. The company has a 52-week high of $17.88. The company has a market cap of $2,656 million and there are 576,200,000 shares in outstanding. The 52-week low of the share price is $4.39.
Teck Resources Ltd (NYSE:TCK): 11 analysts have set the short term price target of Teck Resources Ltd (NYSE:TCK) at $8.25. The standard deviation of short term price target has been estimated at $2.17, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 12 and $4 respectively.
Institutional Investors own 47.89% of Teck Resources Ltd shares.
Teck Resources Limited (Teck) is engaged in exploring for, developing and producing natural resources. Tecks activities are organized into business units focused on copper, coal, zinc and energy. The Companys principal products are copper, steelmaking coal and zinc. Lead, molybdenum, silver and various specialty and other metals, chemicals and fertilizers are also produced at its operations. The Company owns a 20% interest in the Fort Hills Energy Limited Partnership, which is developing the Fort Hills oil sands project in Alberta and a 50% interest in the Frontier/Equinox project and other oil sands leases in the Athabasca region of Alberta, Canada. The Company also explore for gold. In April 2012, its wholly owned subsidiary acquired all of the outstanding shares of SilverBirch Energy Corporation. In November 2013, Tembec Inc sold approximately 7,150 hectares of land located within the Regional District of East Kootenay, British Columbia, to Teck Resources Ltd.