Raymond James Predicts Increased Earnings for Teck Resources

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Stock analysts at Raymond James upped their Q1 2025 earnings estimates for shares of Teck Resources in a research report issued on Wednesday, November 6th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.43 per share for the quarter, up from their previous forecast of $0.32. The consensus estimate for Teck Resources’ current full-year earnings is $1.91 per share. Raymond James also issued estimates for Teck Resources’ Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.63 EPS.

Several other analysts have also issued reports on the company. BMO Capital Markets began coverage on Teck Resources in a report on Monday, July 15th. They set an “outperform” rating for the company. Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Scotiabank raised their target price on shares of Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, October 8th. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from $57.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.29.

Teck Resources Trading Down 4.6 %

NYSE:TECK opened at $48.69 on Friday. Teck Resources has a one year low of $34.38 and a one year high of $55.13. The business has a fifty day moving average price of $48.66 and a 200-day moving average price of $48.77. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of 73.77 and a beta of 1.04. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.24. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The firm’s revenue was down 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Teck Resources by 1.8% during the first quarter. Vanguard Group Inc. now owns 16,721,130 shares of the basic materials company’s stock valued at $765,493,000 after buying an additional 290,034 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Teck Resources by 2.4% during the 1st quarter. Janus Henderson Group PLC now owns 8,604,605 shares of the basic materials company’s stock valued at $394,178,000 after acquiring an additional 203,607 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Teck Resources by 21.7% in the third quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company’s stock valued at $388,507,000 after purchasing an additional 1,326,241 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Teck Resources by 2.6% in the third quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock valued at $341,337,000 after purchasing an additional 165,759 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Teck Resources by 10.3% in the second quarter. Mackenzie Financial Corp now owns 5,855,836 shares of the basic materials company’s stock worth $280,655,000 after purchasing an additional 546,801 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Company Profile

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.