Analysts Issue Forecasts for Teck Resources FY2024 Earnings

Teck Resources Ltd. (TSE:TCK) – Equities research analysts at National Bank Financial increased their FY2024 earnings estimates for Teck Resources in a research report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $3.30 per share for the year, up from their prior forecast of $2.85. National Bank Financial also issued estimates for Teck Resources’ FY2025 earnings at $4.09 EPS.

A number of other research analysts also recently commented on TCK. UBS Group raised shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. TD Securities raised shares of Teck Resources to a “strong-buy” rating in a research report on Tuesday, July 16th. Citigroup raised shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a research report on Friday, July 26th. Finally, Eight Capital downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.15. The firm had revenue of C$3.87 billion for the quarter, compared to analyst estimates of C$3.98 billion.