Teck Resources Ltd. to Post Q3 2024 Earnings of $0.63 Per Share, National Bank Financial Forecasts (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) – Research analysts at National Bank Financial lowered their Q3 2024 earnings per share (EPS) estimates for shares of Teck Resources in a note issued to investors on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.63 per share for the quarter, down from their previous forecast of $0.65.

A number of other equities research analysts have also recently weighed in on the company. TD Securities raised Teck Resources to a “strong-buy” rating in a report on Tuesday, July 16th. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a research note on Friday, July 26th. UBS Group raised Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Eight Capital lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Teck Resources has a consensus rating of “Buy”.

Teck Resources Price Performance

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