Paradigm Capital Forecasts Lower Earnings for Teck Resources

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Investment analysts at Paradigm Capital lowered their Q4 2024 earnings per share estimates for shares of Teck Resources in a research report issued on Wednesday, November 13th. Paradigm Capital analyst G. Lawson now expects that the basic materials company will earn $0.58 per share for the quarter, down from their previous estimate of $0.61. Paradigm Capital has a “Moderate Buy” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.84 per share. Paradigm Capital also issued estimates for Teck Resources’ Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.59 EPS, FY2026 earnings at $1.58 EPS, FY2027 earnings at $1.14 EPS and FY2028 earnings at $1.28 EPS.

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 for the quarter, beating the consensus estimate of $0.36 by $0.24. The firm had revenue of $2.86 billion for 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research report on Friday, October 25th. StockNews.com raised shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Teck Resources in a report on Thursday, July 25th. Scotiabank raised their target price on Teck Resources from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Teck Resources from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Teck Resources presently has a consensus rating of “Moderate Buy” and an average target price of $65.29.

Teck Resources Price Performance

TECK stock opened at $44.99 on Monday. The business has a 50 day moving average price of $48.73 and a 200 day moving average price of $48.66. Teck Resources has a fifty-two week low of $34.56 and a fifty-two week high of $55.13. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $22.63 billion, a price-to-earnings ratio of 68.17 and a beta of 1.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of Teck Resources during the second quarter valued at about $38,000. Eastern Bank acquired a new position in Teck Resources during the 3rd quarter worth $39,000. Bruce G. Allen Investments LLC increased its position in shares of Teck Resources by 77.4% in the 3rd 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 last quarter. Blue Trust Inc. lifted its position in shares of Teck Resources by 583.1% during the second quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 898 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Teck Resources by 69.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Cuts Dividend

The firm 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, December 13th. Teck Resources’s dividend payout ratio is presently 56.06%.

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.