Q3 2024 Teck Resources Ltd Earnings Call Transcript
| TECK Stock | USD 35.47 1.27 3.71% |
About 55% of Teck Resources' institutional investors are presently thinking to get in. The current sentiment regarding investing in Teck Resources Ltd stock implies that some traders are interested. Teck Resources' investing sentiment shows overall attitude of investors towards Teck Resources Ltd.
Oct 24, 2024 0300PM GMTOperator Ladies and gentlemen, thank you for standing by. Welcome to Tecks third-quarter 2024 earnings release conference call. Oper
Read at gurufocus.com
 |
Teck Resources Fundamental Analysis
We analyze Teck Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Teck Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Teck Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Equity
Return On Equity Comparative Analysis
Teck Resources is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Teck Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Teck Resources stock to make a market-neutral strategy. Peer analysis of Teck Resources could also be used in its relative valuation, which is a method of valuing Teck Resources by comparing valuation metrics with similar companies.
Peers
Teck Resources Related Equities
| NGLOY | Anglo American | 3.62 | ||||
| GLCNF | Glencore PLC | 2.80 | ||||
| MP | MP Materials | 2.75 | ||||
| BHP | BHP Group | 2.35 | ||||
| RIO | Rio Tinto | 1.96 | ||||
| SGML | Sigma Lithium | 1.72 | ||||
| VALE | Vale SA | 1.41 | ||||
| LAC | Lithium Americas | 0.69 | ||||
| PLL | Piedmont Lithium | 1.57 | ||||
| SLI | Standard Lithium | 2.03 |
Check out Teck Resources Hype Analysis, Teck Resources Correlation and Teck Resources Performance. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teck Resources. If investors know Teck will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teck Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Teck Resources is measured differently than its book value, which is the value of Teck that is recorded on the company's balance sheet. Investors also form their own opinion of Teck Resources' value that differs from its market value or its book value, called intrinsic value, which is Teck Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teck Resources' market value can be influenced by many factors that don't directly affect Teck Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teck Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teck Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teck Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.