Teck Resources Ltd Class B (TECK) Stock: What Does the Chart Say Wednesday?

Overall market sentiment has been high on Teck Resources Ltd Class B (TECK) stock lately. TECK receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Teck Resources Ltd Class B has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TECK!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With TECK Stock Today?

Teck Resources Ltd Class B (TECK) stock has risen 4.66% while the S&P 500 is lower by -0.11% as of 9:44 AM on Wednesday, Mar 13. TECK has risen $1.97 from the previous closing price of $42.23 on volume of 52,287 shares. Over the past year the S&P 500 is up 34.08% while TECK has risen 22.81%. TECK earned $3.44 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.84.

More About Teck Resources Ltd Class B

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck's attributable copper production by around 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. Click Here to get the full Stock Report for Teck Resources Ltd Class B stock.