FY2024 EPS Estimate for Teck Resources Increased by Analyst

Teck Resources Ltd. (TSE:TCK) – Equities research analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Teck Resources in a report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $3.30 per share for the year, up from their previous estimate of $2.85. National Bank Financial also issued estimates for Teck Resources’ FY2025 earnings at $4.09 EPS.

A number of other analysts have also commented on the company. TD Securities upgraded Teck Resources to a “strong-buy” rating in a report on Tuesday, July 16th. Eight Capital downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th. Citigroup upgraded shares of Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. BMO Capital Markets upgraded shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Finally, Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Teck Resources has a consensus rating of “Buy”.

Teck Resources Stock Performance

Teck Resources (TSE:TCK) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.79 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.15. The company had revenue of C$3.87 billion during the quarter, compared to analyst estimates of C$3.98 billion.