Teck Resources FY2025 EPS Estimate Decreased by Desjardins

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Desjardins decreased their FY2025 earnings per share (EPS) estimates for shares of Teck Resources in a report released on Wednesday, October 8th. Desjardins analyst B. Adams now anticipates that the basic materials company will post earnings per share of $1.47 for the year, down from their previous forecast of $1.97. Desjardins has a “Hold” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share. Desjardins also issued estimates for Teck Resources’ FY2026 earnings at $1.89 EPS and FY2027 earnings at $2.75 EPS.

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

Several other research analysts also recently commented on TECK. Raymond James Financial restated an “outperform” rating on shares of Teck Resources in a research note on Friday. JPMorgan Chase & Co. raised their price target on Teck Resources from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank Of Canada lowered their price target on Teck Resources from $82.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Teck Resources in a report on Wednesday. Finally, Cibc World Mkts cut Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Teck Resources presently has a consensus rating of “Hold” and an average price target of $54.00.

Teck Resources Stock Down 4.5%

Shares of NYSE TECK opened at $41.90 on Friday. Teck Resources has a 52 week low of $28.32 and a 52 week high of $51.58. The business has a 50-day simple moving average of $37.04 and a two-hundred day simple moving average of $36.62. The company has a quick ratio of 2.45, a current ratio of 3.47 and a debt-to-equity ratio of 0.15. The company has a market cap of $20.13 billion, a P/E ratio of 110.28, a P/E/G ratio of 0.56 and a beta of 0.92.

Teck Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a dividend of $0.0918 per share. 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%. This is a positive change from Teck Resources’s previous quarterly dividend of $0.09. Teck Resources’s payout ratio is 94.74%.

Hedge Funds Weigh In On Teck Resources

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Teck Resources by 69.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company’s stock valued at $32,000 after buying an additional 350 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Teck Resources during the 1st quarter valued at about $33,000. Banque Cantonale Vaudoise purchased a new position in shares of Teck Resources during the 1st quarter valued at about $36,000. Golden State Wealth Management LLC raised its holdings in shares of Teck Resources by 7,560.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company’s stock valued at $42,000 after buying an additional 1,134 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Teck Resources during the 2nd quarter valued at about $49,000. 78.06% of the stock is owned by hedge funds and other institutional investors.

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.