Analysts Issue Forecasts for Teck Resources FY2027 Earnings

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Stock analysts at B. Riley issued their FY2027 earnings estimates for Teck Resources in a research note issued to investors on Friday, November 22nd. B. Riley analyst L. Pipes anticipates that the basic materials company will post earnings of $1.33 per share for the year. The consensus estimate for Teck Resources’ current full-year earnings is $1.86 per share.

Other research analysts have also issued reports about the company. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on Teck Resources from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. UBS Group cut Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, November 11th. Scotiabank increased their target price on shares of Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.29.

Teck Resources Stock Up 0.6 %

Shares of NYSE:TECK opened at $47.10 on Monday. Teck Resources has a 12-month low of $35.25 and a 12-month high of $55.13. The stock’s 50-day moving average price is $48.90 and its two-hundred day moving average price is $48.56. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 71.36 and a beta of 1.04.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.24. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The firm’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TECK. Eastern Bank bought a new stake in shares of Teck Resources in the 3rd quarter worth about $39,000. Wilmington Savings Fund Society FSB bought a new position in shares of Teck Resources during the third quarter worth about $40,000. Headlands Technologies LLC acquired a new position in Teck Resources in the second quarter worth about $38,000. Bruce G. Allen Investments LLC raised its stake in Teck Resources by 77.4% during the third quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock valued at $46,000 after buying an additional 383 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Teck Resources by 69.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock valued at $52,000 after buying an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.0895 per share. The ex-dividend date is Friday, December 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. Teck Resources’s dividend payout ratio is presently 56.06%.

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.