Teck Resources (TECK) Projected to Post Quarterly Earnings on Thursday

Teck Resources (NYSE:TECK) (TSE:TECK) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $2.25 billion for the quarter.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.18. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Teck Resources had a return on equity of 4.53% and a net margin of 3.48%. The business’s quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. On average, analysts expect Teck Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Teck Resources Stock Down 1.2%

Shares of TECK opened at $37.08 on Thursday. The business’s 50 day moving average is $38.10 and its 200 day moving average is $38.76. The company has a market capitalization of $17.91 billion, a PE ratio of 63.94, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. Teck Resources has a 12-month low of $28.32 and a 12-month high of $54.13. The company has a current ratio of 3.36, a quick ratio of 2.57 and a debt-to-equity ratio of 0.15.

Teck Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.0901 per share. This represents a $0.36 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Teck Resources’s previous quarterly dividend of $0.09. Teck Resources’s dividend payout ratio (DPR) is 62.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TECK. Jones Financial Companies Lllp lifted its stake in shares of Teck Resources by 453.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 7,963 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Teck Resources by 11.1% during the 1st quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock worth $1,264,000 after purchasing an additional 3,458 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Teck Resources by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock worth $16,971,000 after purchasing an additional 8,146 shares during the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TECK. National Bank Financial raised Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 24th. Stifel Nicolaus began coverage on Teck Resources in a research note on Wednesday, July 9th. They issued a “hold” rating on the stock. Stifel Canada raised Teck Resources to a “hold” rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on Teck Resources from $41.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Teck Resources in a research note on Tuesday, April 15th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.75.

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.