(TECK) Teck Resources - Ratings and Ratios

Teck Resources Limited is a diversified mining company with a global presence, operating in Asia, the Americas, and Europe. The companys business is segmented into Copper and Zinc, producing a range of metals and minerals, including copper, zinc, lead, silver, molybdenum, and gold. With a history dating back to 1913, Teck Resources has established itself as a significant player in the mining industry, with a portfolio of assets that includes mines, smelters, and refineries.

The companys product portfolio includes copper, zinc, and lead concentrates, as well as refined metals, which are sold to customers in various industries, including manufacturing, construction, and electronics. Teck Resources also explores for gold, further diversifying its revenue streams. With its headquarters in Vancouver, Canada, the company has a strong presence in the North American market, while also maintaining a significant footprint globally.

Analyzing the , we can see that Teck Resources stock price has been trending around $37, with a 20-day SMA of $36.41 and a 50-day SMA of $35.58, indicating a relatively stable short-term trend. However, the 200-day SMA of $42.61 suggests that the stock has been trending downward over the longer term. The ATR of 1.26, or 3.40%, indicates moderate volatility. Given the current support and resistance levels, we can expect the stock to face resistance around $43 and support around $33.6.

Using both and , we can forecast that Teck Resources stock price may experience a moderate increase in the short term, driven by the companys diversified portfolio and relatively stable cash flows. However, the high P/E ratio of 753.60 and relatively low RoE of 1.68 suggest that the stock may be overvalued, and a correction is possible. A more reasonable P/E ratio, such as the forward P/E of 23.53, suggests a more modest valuation. Therefore, we forecast a potential price target of $40-$42 in the next 6-12 months, assuming a reversion to the mean and a more stable market environment.