FY2025 EPS Estimates for Teck Resources Lowered by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Research analysts at National Bank Financial cut their FY2025 earnings estimates for shares of Teck Resources in a note issued to investors on Monday, December 9th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $1.18 per share for the year, down from their prior estimate of $1.46. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.81 per share. National Bank Financial also issued estimates for Teck Resources’ FY2026 earnings at $1.39 EPS.

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

Several other research analysts have also weighed in on TECK. Deutsche Bank Aktiengesellschaft lowered Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a report on Friday, October 25th. Citigroup upgraded Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. UBS Group cut Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of Teck Resources from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Scotiabank increased their price objective 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. Six equities 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 company. Based on data from MarketBeat, Teck Resources presently has an average rating of “Moderate Buy” and a consensus target price of $65.29.

Teck Resources Trading Down 2.3 %

Shares of NYSE TECK opened at $44.09 on Thursday. Teck Resources has a twelve month low of $36.50 and a twelve month high of $55.13. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 66.80 and a beta of 1.03. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $47.57 and its 200-day moving average is $47.97.

Teck Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.0895 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 0.81%. Teck Resources’s dividend payout ratio (DPR) is presently 56.06%.

Institutional Trading of Teck Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Teck Resources by 21.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company’s stock worth $388,507,000 after purchasing an additional 1,326,241 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Teck Resources by 2.6% during the third quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock worth $341,337,000 after buying an additional 165,759 shares during the last quarter. Mackenzie Financial Corp raised its position in Teck Resources by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,855,836 shares of the basic materials company’s stock worth $280,655,000 after acquiring an additional 546,801 shares in the last quarter. TD Asset Management Inc lifted its stake in Teck Resources by 49.0% in the second quarter. TD Asset Management Inc now owns 4,950,816 shares of the basic materials company’s stock valued at $237,202,000 after acquiring an additional 1,629,149 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Teck Resources by 26.1% in the 2nd quarter. Cibc World Market Inc. now owns 4,779,715 shares of the basic materials company’s stock valued at $228,948,000 after acquiring an additional 989,612 shares during the period. 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.