Large Outflow of Money Witnessed in Teck Resources Ltd

Teck Resources Ltd (TCK) : Wednesdays money flow analysis of Teck Resources Ltd (TCK) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $27.69 million. In comparison, the inflow of money on upticks was a meager $21.95 million. The dollar value of composite uptick trades minus the downtick trades was negative $5.74 million. The uptick to downtick ratio of 0.79 in the money flow shows weakness. The uptick block trades were valued at $0.88 million. The downtick transaction value was high at $5.07 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.17. Hence, the net money flow in the stock was negative ($4.19 million). Teck Resources Ltd (TCK) gained $0.57 at $18.88, a change of 3.11% over the previous days close.


Shares of Teck Resources Limited rose by 2.39% in the last five trading days and 9.58% for the last 4 weeks. Teck Resources Limited is up 50.44% in the last 3-month period. Year-to-Date the stock performance stands at 390.8%.

Teck Resources Ltd (TCK) : 12 analysts are covering Teck Resources Ltd (TCK) and their average rating on the stock is 3.42, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Teck Resources Ltd (NYSE:TCK): The stock opened at $18.68 and touched an intraday high of $19.01 on Wednesday. During the day, the stock corrected to an intraday low of $18.03, however, the bulls stepped in and pushed the price higher to close in the green at $18.88 with a gain of 3.11% for the day. The total traded volume for the day was 8,951,245. The stock had closed at $18.31 in the previous trading session.

Teck Resources Ltd. is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. The Company exports seaborne steelmaking coal and produces mined zinc. The Company also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru, Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland. The Company has around 97.5% interest in Highland Valley Copper. The Company produces mined zinc, primarily from its Red Dog mine in Alaska, the Antamina mine in northern Peru, and its Pend Oreille mine in Washington State. Its energy assets in the Athabasca oil sands region of northeastern Alberta include its interests in the Fort Hills oil sands project, Frontier oil sands project in various other oil sands leases in the exploration phase, including the Lease 421 Area.

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