Teck Resources FY2025 EPS Raised by National Bank Financial

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Investment analysts at National Bank Financial boosted their FY2025 earnings estimates for shares of Teck Resources in a research report issued to clients and investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $1.30 per share for the year, up from their previous forecast of $1.06. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.66 per share.

Other equities analysts have also recently issued reports about the company. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group lowered Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. Raymond James reduced their target price on shares of Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.38.

Teck Resources Stock Performance

NYSE:TECK opened at $43.04 on Friday. 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 firm has a 50-day moving average price of $42.57 and a 200 day moving average price of $45.99. The firm has a market capitalization of $21.46 billion, a PE ratio of 65.21 and a beta of 1.02. Teck Resources has a 12-month low of $36.50 and a 12-month high of $55.13.

Teck Resources Cuts Dividend

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

Institutional Trading of Teck Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stonebridge Financial Group LLC bought a new position in Teck Resources in the 4th quarter valued at $25,000. Global Trust Asset Management LLC bought a new position in Teck Resources in the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. acquired a new stake in Teck Resources in the fourth quarter worth about $27,000. Eastern Bank bought a new stake in Teck Resources during the 3rd quarter worth about $39,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Teck Resources during the 3rd quarter worth about $40,000. Institutional investors and hedge funds 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.