Paradigm Capital Expects Reduced Earnings for Teck Resources

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Stock analysts at Paradigm Capital reduced their Q4 2024 EPS estimates for shares of Teck Resources in a research report issued on Wednesday, November 13th. Paradigm Capital analyst G. Lawson now expects that the basic materials company will post earnings per share of $0.58 for the quarter, down from their previous estimate of $0.61. Paradigm Capital has a “Moderate Buy” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.84 per share. Paradigm Capital also issued estimates for Teck Resources’ Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.59 EPS, FY2026 earnings at $1.58 EPS, FY2027 earnings at $1.14 EPS and FY2028 earnings at $1.28 EPS.

Other research analysts also recently issued reports about the stock. Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Teck Resources in a report on Thursday, July 25th. StockNews.com raised shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, November 11th. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank raised their price objective on shares of Teck Resources from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Teck Resources presently has an average rating of “Moderate Buy” and a consensus target price of $65.29.

Teck Resources Stock Up 2.1 %

TECK opened at $47.14 on Monday. The company has a 50 day moving average of $48.83 and a 200 day moving average of $48.63. The company has a market cap of $23.71 billion, a PE ratio of 71.42 and a beta of 1.04. Teck Resources has a 12 month low of $35.25 and a 12 month high of $55.13. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued 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. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $0.57 EPS. Teck Resources’s quarterly revenue was down 20.6% compared to the same quarter last year.

Institutional Investors Weigh In On Teck Resources

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Teck Resources by 1.8% during the first quarter. Vanguard Group Inc. now owns 16,721,130 shares of the basic materials company’s stock valued at $765,493,000 after purchasing an additional 290,034 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Teck Resources by 2.4% during the 1st quarter. Janus Henderson Group PLC now owns 8,604,605 shares of the basic materials company’s stock valued at $394,178,000 after purchasing an additional 203,607 shares during the period. Principal Financial Group Inc. raised 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 valued at $388,507,000 after purchasing an additional 1,326,241 shares during the period. CIBC Asset Management Inc grew its stake 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 valued at $341,337,000 after acquiring an additional 165,759 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake 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 valued at $280,655,000 after acquiring an additional 546,801 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

Teck Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.0895 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 13th. Teck Resources’s payout ratio is 56.06%.

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.