TECK stock price today is 23.05 USD with a volume of 3,608,751. At the same time, its chart fluctuates between 22.63 USD – 23.26 USD. TECK stock price was a maximum of 26.72 USD and a minimum of 9.23 USD within 52 weeks. Its average volume is 5,770,127 and it is ranked 12.341B in the MarketCap listings. The target point of TECK stock price at the end of 1 year is 32.12 USD and predicts a possible increase of 8.74% for the stock.
Teck Resources is a natural resources company that develops minerals and miners coal, copper, zinc and energy for the steelmaking industry. It also deals with lead, silver, gold, molybdenum, germanium, indium and cadmium as by-products. In addition, the company is involved in many projects, especially oil sand projects in the Athabasca region of Alberta. Among the countries he researched are Australia, Chile, Ireland, Mexico, Peru, Turkey and the United States of America. The company which is based in British Columbia, was known as Teck Cominco until 2008.
Teck Resources Limited was founded in Canada in 1906. It was created in 2001 by the merger of Teck Resources, Teck and Cominco and in 2020 Forbes Global, Teck Resources was named the 1616th largest public natural resources company in the world.
Teck Resources launched the $ 17 billion Fort Hills oil sand project in 2018. In 2020, Teck Resources canceled its second $ 20 billion open pit oil mine proposal. Teck Resources pays a dividend of C $ 0.20 per share at an annual rate of 0.72% and pays 42.74% of its earnings as dividends.
In 2020, Harry Conger was appointed chief operating officer, Jonathan Price as chief financial officer, and Nicholas Hooper as senior vice president of corporate development.
Should TECK Stock Be Purchased?
As the stocks in the market increased, it became difficult to distinguish between the high quality and the solid and determine whether it will make a profit. Institutional investors and hedge funds spend millions of dollars on industry experts and well-equipped analysts. Individual investors can reach and benefit from analysts’ results by doing research in this way.
Teck Resources was in the 31 hedge fund portfolio in late 2020. Considering this statistic, the maximum value of all time is 41. Recently, there has been an increase in hedge fund interest rates. According to the data, there were 27 hedge funds with TECK positions for the last 3 months of 2020. Also, TECK was not among the 30 most popular hedge funds.
TECK stocks have an average of 26.7 high-risk hedge funds and the total amount invested in stocks averages $ 710 million. This number is $ 798 million within TECK. While Teck Resources is not the most popular stock, the hedge fund is currently above average. According to analysts’ observation, the overall hedge fund affinity score determined for TECK stock is 70.3. Stocks with a higher number of hedge fund positions among stocks score higher on analysts. Although TECK stocks give positive signals, it is useful to investigate stocks accumulated by hedge funds. The 30 most popular stocks among hedge funds returned 81.2% in 2019 and 2020.
At the same time, these stocks appreciated by 12.2% from 2021 to April 12. Unfortunately TECK stocks, these 30 stocks betting on and hedge funds, TECK was almost not popular as the stocks had returned 7.4% since the end of December and underperformed in the market. Users looking to invest in large equity stocks with the potential to rise should take a look at the 30 most popular stocks among hedge funds as many of these stocks have outperformed the market since 2019.
Its maximum target is 36.00 C $ and its minimum target is 13.00 C $. It currently has 1 sales rating, 3 retention ratings, 9 purchasing degrees, and 1 strong buying rating, which puts TECK stock into its buying potential.
You should do your own research. This content is not created for financial advice.