How to Buy Teck Resources Stock
Teck Resources Ltd
Teck Resources is a mining company located in British Columbia, Canada, which is part of the Basic Materials sector, and is traded under the ticker TECK on the NYSE exchange.
Teck Resources stock last closed at $32.91, down 1.61% from the previous day, and has decreased 30.28% in one year. It has underperformed other stocks in the Other Industrial Metals & Mining industry by 0.13 percentage points. Teck Resources stock is currently +16.21% from its 52-week low of $28.32, and -40.3% from its 52-week high of $55.13.
At the moment, there are 506.34M shares of TECK outstanding. The market cap of TECK is $16.66B. In the last 24 hours, 2.71M TECK shares were traded.
How to Buy Teck Resources Stock
Not sure how to invest in Teck Resources stock? Here's how.
- Decide where to buy Teck Resources stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Teck Resources stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your payment method and add your info.
- Evaluate Teck Resources stock: The Teck Resources ticker symbol is TECK. Is Teck Resources stock a good investment? Should you buy shares of TECK? How do TECK's underlying business fundamentals look? Do top analysts think Teck Resources is a good buy? Why has TECK's stock price moved recently? (Hint: Our stock research website can help you understand if TECK is a good stock to buy).
- Place your TECK buy order: Decide if you will purchase TECK shares at the current market price or use a limit order to purchase TECK stock at a specific price.
- Watch your investment in TECK: Create a watchlist to the latest updates on your position in Teck Resources stock.
Step 1: Decide where to buy Teck Resources stock
You need an online brokerage account to access the NYSE market and buy TECK shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you can invest in TECK today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start your new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on investing apps, your next step is to transfer the money for your investment:
Check out the video below to see the process of transferring money into your new investment account.
Step 4: Evaluate Teck Resources stock
After you have selected the best place to buy Teck Resources stock, it's crucial to analyze their stock before you buy, so you actually understand the risk as well as the upside.
Teck Resources quick stats
Teck Resources Due Diligence Checks
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on TECK's stock page.
Is TECK stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TECK's fair value.
Using relative valuations ratios:
- TECK could be overvalued based on its P/E ratio of 59.19x, relative to Other Industrial Metals & Mining industry P/E ratio of 10.4x
- TECK may be undervalued based on its P/B ratio of 0.91x, relative to Other Industrial Metals & Mining industry P/B ratio of 1.83x
- TECK could be overvalued based on its PEG ratio of 1.12x
You can do more valuation research on TECK's stock here.
TECK Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the TECK balance sheet.
- TECK's operating cash flow of $1.96B allows it to safely service it's debt of $3.86B.
- Total TECK debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- TECK profit margin has gone down from -1.8% to -5.2% in the past year.
- There are more long-term liabilities than short-term assets on the TECK balance sheet.
- TECK has a relatively high debt to equity ratio of 0.77.
- TECK earnings of $486.62M is not sufficient to cover its interest payments.
Do Wall Street analysts think it's a good time to buy Teck Resources stock
Out of 4 sell side analysts who research TECK, the consensus analyst rating on Teck Resources is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Teck Resources stock forecast page.
TECK Technicals
TECK Growth Metrics
Last year, TECK earnings were -$328.87M. During the last three year, TECK's earnings have gone up by -95.45% per year. This was slower than the Other Industrial Metals & Mining industry average of -0.14%.
Last year, TECK revenue was $6.38B. During the last five year, TECK's revenue has grown by -7.13% per year. This was slower than the Other Industrial Metals & Mining industry average of 1.06%.
You can analyze TECK's earnings and revenue performance here.
Are TECK executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at TECK have not bought or sold any shares.
Dig into more about who owns TECK shares here.
Does TECK stock generate passive income?
Teck Resources pays a dividend of 2.92%, compared to the Other Industrial Metals & Mining industry's average dividend yield of 4.36%. If you owned $1,000 worth of TECK stock, you would have been paid $29.23 in the past year.
Teck Resources dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Teck Resources dividend yield and history here.
What others are saying about TECK
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your TECK buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Press the Open button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Watch your investment in TECK
Now that you own some TECK stock, you'll want to keep up with your new company.
Start a watchlist to get notified of the latest news about your TECK stock.
TECK Feed
How to Buy Stock in Teck Resources
To summarize, here are the 6 steps to buy stock in Teck Resources:
- Decide where to buy Teck Resources stock
- Open a brokerage account
- Fund your brokerage account
- Evaluate Teck Resources stock
- Place your TECK buy order
- Watch your investment in TECK
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your investment in Teck Resources, add TECK to your watchlist by clicking the button below.
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