FY2025 EPS Estimates for Teck Resources Boosted by Analyst

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Analysts at Desjardins increased their FY2025 earnings per share (EPS) estimates for shares of Teck Resources in a research note issued to investors on Wednesday, October 1st. Desjardins analyst B. Adams now expects that the basic materials company will earn $1.97 per share for the year, up from their previous forecast of $1.73. Desjardins has a “Hold” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings data 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. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Teck Resources had a return on equity of 3.91% and a net margin of 2.51%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS.

Several other brokerages have also commented on TECK. Scotiabank reissued an “outperform” rating on shares of Teck Resources in a report on Wednesday, September 10th. UBS Group upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 3rd. Stifel Canada upgraded shares of Teck Resources to a “hold” rating in a research report on Tuesday, July 8th. Wall Street Zen raised Teck Resources from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Royal Bank Of Canada decreased their price objective on Teck Resources from $82.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Teck Resources has an average rating of “Moderate Buy” and an average price target of $56.88.

Teck Resources Stock Down 0.4%

NYSE TECK opened at $43.19 on Monday. The company has a quick ratio of 2.45, a current ratio of 3.47 and a debt-to-equity ratio of 0.15. Teck Resources has a 52 week low of $28.32 and a 52 week high of $52.37. The company has a fifty day moving average of $36.02 and a two-hundred day moving average of $36.52. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 113.65, a PEG ratio of 0.54 and a beta of 0.92.

Institutional Investors Weigh In On Teck Resources

A number of institutional investors have recently modified their holdings of TECK. Corient Private Wealth LLC raised its holdings in shares of Teck Resources by 3.6% in the 2nd quarter. Corient Private Wealth LLC now owns 52,032 shares of the basic materials company’s stock valued at $2,101,000 after buying an additional 1,796 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Teck Resources in the second quarter worth $232,000. Marex Group plc purchased a new stake in shares of Teck Resources during the 2nd quarter worth $6,070,000. Evergreen Capital Management LLC purchased a new stake in shares of Teck Resources during the 2nd quarter worth $208,000. Finally, Headlands Technologies LLC lifted its position in shares of Teck Resources by 121.7% during the 2nd quarter. Headlands Technologies LLC now owns 33,659 shares of the basic materials company’s stock worth $1,359,000 after purchasing an additional 18,474 shares during the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a $0.0918 dividend. This is a positive change from Teck Resources’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.9%. Teck Resources’s payout ratio is presently 94.74%.

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.