FY2025 EPS Estimate for Teck Resources Boosted by Analyst

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Stock analysts at National Bank Financial raised their FY2025 EPS estimates for shares of Teck Resources in a research report issued to clients and investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $1.05 for the year, up from their previous forecast of $1.04. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Thursday, July 24th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. Teck Resources had a net margin of 2.51% and a return on equity of 3.91%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year.

Other research analysts have also issued reports about the stock. Desjardins lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. B. Riley lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley lowered shares of Teck Resources from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $42.00 to $44.00 in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Cibc World Mkts lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.88.

Teck Resources Stock Down 0.0%

Shares of NYSE:TECK opened at $40.00 on Thursday. Teck Resources has a 52-week low of $28.32 and a 52-week high of $54.13. The firm has a fifty day moving average of $35.23 and a 200 day moving average of $36.50. The firm has a market capitalization of $19.21 billion, a PE ratio of 105.26, a price-to-earnings-growth ratio of 0.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.45 and a current ratio of 3.47.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $0.0918 dividend. This is a boost from Teck Resources’s previous quarterly dividend of $0.09. This represents a $0.37 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. Teck Resources’s payout ratio is presently 94.74%.

Hedge Funds Weigh In On Teck Resources

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of Teck Resources by 69.2% in the first quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 350 shares during the period. Costello Asset Management INC purchased a new position in shares of Teck Resources in the first quarter valued at about $33,000. Banque Cantonale Vaudoise purchased a new position in shares of Teck Resources in the first quarter valued at about $36,000. Golden State Wealth Management LLC increased its position in shares of Teck Resources by 7,560.0% in the first quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,134 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Teck Resources in the second quarter valued at about $49,000. 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.