Q1 EPS Estimates for Teck Resources Raised by Zacks Research

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Investment analysts at Zacks Research upped their Q1 2025 earnings estimates for Teck Resources in a research report issued to clients and investors on Thursday, January 16th. Zacks Research analyst M. Das now forecasts that the basic materials company will earn $0.30 per share for the quarter, up from their previous forecast of $0.29. The consensus estimate for Teck Resources’ current full-year earnings is $1.70 per share. Zacks Research also issued estimates for Teck Resources’ FY2025 earnings at $1.51 EPS.

Several other research analysts have also issued reports on TECK. Deutsche Bank Aktiengesellschaft lowered shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Friday, October 25th. StockNews.com raised shares of Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Scotiabank raised their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.71.

Teck Resources Stock Up 1.9 %

Shares of NYSE TECK opened at $43.19 on Monday. The firm has a market cap of $21.65 billion, a PE ratio of 65.43 and a beta of 1.05. Teck Resources has a 12-month low of $36.50 and a 12-month high of $55.13. The company’s fifty day simple moving average is $43.74 and its 200 day simple moving average is $46.62. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16.

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

Institutional Trading of Teck Resources

A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Teck Resources by 21.7% during the third quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company’s stock worth $388,507,000 after buying an additional 1,326,241 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Teck Resources by 2.6% during the third quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock worth $341,337,000 after buying an additional 165,759 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Teck Resources by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,855,836 shares of the basic materials company’s stock worth $280,655,000 after buying an additional 546,801 shares during the last quarter. AMF Tjanstepension AB increased its holdings in Teck Resources by 3.9% during the third quarter. AMF Tjanstepension AB now owns 4,552,507 shares of the basic materials company’s stock worth $238,055,000 after buying an additional 169,476 shares during the last quarter. Finally, FMR LLC increased its holdings in Teck Resources by 72.8% during the third quarter. FMR LLC now owns 3,634,430 shares of the basic materials company’s stock worth $189,848,000 after buying an additional 1,531,563 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.0895 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Teck Resources’s payout ratio is currently 53.03%.

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.