Canadian stock alert

CANA

CLOSING UPDATE: Teck Resources Class B accelerates rise, now up 3.8% in 2 days 21 September 2018 18:15 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Teck Resources Class B, Canada's largest metals & mining company by market capitalisation, is up CAD1.20 (or 3.8%) over the past two trading days. After rising 1.5% on Thursday, the stock rose 2.2% on Friday to trade at CAD33.08 vs. the S&P/TSX 60 Index that is up 0.5% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.3 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price jumped 8.2% in the last week and soared 12.2% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Earnings of 7.6 [16.4]

+ Dividend yield of 1.8% [0.8%]

+ Return on Equity 13.2% [3.1%]

+ Return on Assets 6.8% [0.8%]

+ Return on Capital Employed 12.2% [4.5%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 18.4 times.

+ Total Liabilities/EBITDA of 4.2 is less than the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued.

+ As per the Du Pont analysis, Return on Equity of 13.2% is better than sector average of 3.1%.

Note

Teck Resources Class B today is at a discount of 15.3% to the 12-month high of CAD39.08 on 07 Jun, 2018. It is at a premium of 27.8% to the 12-month low of CAD25.89 on 27 Oct, 2017.

The stock has underperformed 52% of the Canadian market over the past 6 months.

Bearish Signals:

Net profit margin has averaged 0.7% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 1.6 [1.3]

Price to Book of 1 [0.8]

TODAY'S ALERTS

Afternoon Alert: Teck Resources Class B accelerates rise, now up 3.5% in 2 days

21 September 2018 14:43 EDT

Teck Resources Limited (TSX:TECK.B) is up CAD1.11 (or 3.5%) over the past two trading days. After rising 1.5% on Thursday, the stock rose 1.9% on Friday to trade at CAD32.99 vs. the S&P/TSX 60 Index that is up 0.7% in the same period.

Afternoon Alert: Teck Resources Class B accelerates rise, now up 4.2% in 2 days

21 September 2018 12:14 EDT

Teck Resources Limited (TSX:TECK.B) is up CAD1.34 (or 4.2%) over the past two trading days. After rising 1.5% on Thursday, the stock rose 2.7% on Friday to trade at CAD33.22 vs. the S&P/TSX 60 Index that is up 0.7% in the same period.

RECENT ALERTS

CLOSING UPDATE: Teck Resources Class B continues significant uptrend, increases further 0.1%

20 September 2018 18:16 EDT

Teck Resources Class B, Canada's largest metals & mining company by market capitalisation, continued its significant uptrend and increased 48.0c (or 1.5%) to trade at CAD32.36 today. Compared with the S&P/TSX 60 Index which rose 3.5 points (or 0.4%) in the day, this represented a relative price increase of 1.1%.

Afternoon Alert: Teck Resources Class B continues significant uptrend, increases 1.4%

20 September 2018 14:43 EDT

Teck Resources Limited (TSX:TECK.B) continued its significant uptrend and increased 44.0c (or 1.4%) to trade at CAD32.32 today.

Teck Resources Limited (T:TECK.B; TSE:TECK.B; N:TECK.B; CN:TECK.B)

ISIN: CA8787422044

PermID: 4295861257

CIK: Teck Resources Limited

Source: www.BuySellSignals.com