Brokers Issue Forecasts for Teck Resources FY2027 Earnings

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities research analysts at B. Riley issued their FY2027 earnings per share (EPS) estimates for Teck Resources in a report issued on Friday, November 22nd. B. Riley analyst L. Pipes forecasts that the basic materials company will post earnings of $1.33 per share for the year. The consensus estimate for Teck Resources’ current full-year earnings is $1.86 per share.

TECK has been the topic of a number of other reports. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft downgraded Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Teck Resources from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Scotiabank upped their target price on shares of Teck Resources from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Teck Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.29.

Teck Resources Stock Performance

NYSE TECK opened at $46.81 on Monday. The company has a market capitalization of $23.55 billion, a PE ratio of 70.92 and a beta of 1.04. Teck Resources has a 1 year low of $35.25 and a 1 year high of $55.13. The company has a fifty day moving average of $48.90 and a two-hundred day moving average of $48.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.24. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was down 20.6% on a year-over-year basis.

Teck Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.0895 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. Teck Resources’s dividend payout ratio (DPR) is currently 56.06%.

Institutional Trading of Teck Resources

Institutional investors have recently bought and sold shares of the business. Daymark Wealth Partners LLC grew its stake in shares of Teck Resources by 2.8% during the third quarter. Daymark Wealth Partners LLC now owns 8,774 shares of the basic materials company’s stock worth $458,000 after buying an additional 242 shares during the last quarter. Cigna Investments Inc. New lifted its stake in Teck Resources by 3.8% in the second quarter. Cigna Investments Inc. New now owns 8,762 shares of the basic materials company’s stock valued at $420,000 after buying an additional 317 shares during the period. Candriam S.C.A. boosted its stake in Teck Resources by 4.0% during the second quarter. Candriam S.C.A. now owns 8,897 shares of the basic materials company’s stock worth $426,000 after acquiring an additional 343 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Teck Resources by 7.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,064 shares of the basic materials company’s stock worth $243,000 after buying an additional 365 shares during the period. Finally, Bruce G. Allen Investments LLC raised its position in shares of Teck Resources by 77.4% during the third quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 383 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

About Teck Resources

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.