Teck Resources Limited Expected to Earn FY2025 Earnings of $2.48 Per Share (NYSE:TECK)

Teck Resources Limited (NYSE:TECKFree Report) (TSE:TECK) – Stock analysts at National Bank Financial dropped their FY2025 earnings per share estimates for Teck Resources in a research note issued on Tuesday, January 16th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $2.48 per share for the year, down from their prior estimate of $2.69. The consensus estimate for Teck Resources’ current full-year earnings is $3.84 per share.

Teck Resources (NYSE:TECKGet Free Report) (TSE:TECK) last released its earnings results on Tuesday, October 24th. The basic materials company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.20). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Teck Resources had a net margin of 15.78% and a return on equity of 9.11%.

Several other equities research analysts have also issued reports on TECK. UBS Group initiated coverage on Teck Resources in a research report on Tuesday. They set a “buy” rating on the stock. StockNews.com started coverage on shares of Teck Resources in a report on Monday, December 11th. They issued a “hold” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $50.00 target price on shares of Teck Resources in a report on Wednesday, October 25th. Scotiabank lowered Teck Resources from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, October 17th. Finally, JPMorgan Chase & Co. started coverage on Teck Resources in a report on Tuesday, October 17th. They issued an “overweight” rating and a $52.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.30.

Check Out Our Latest Report on Teck Resources

Teck Resources Stock Performance

Shares of TECK stock opened at $36.92 on Thursday. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 4.88 and a beta of 1.16. Teck Resources has a one year low of $32.48 and a one year high of $49.34. The company’s 50-day simple moving average is $38.72 and its 200-day simple moving average is $39.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.68 and a current ratio of 1.20.

Institutional Investors Weigh In On Teck Resources

Several hedge funds and other institutional investors have recently bought and sold shares of TECK. Wetherby Asset Management Inc. boosted its holdings in Teck Resources by 0.7% during the first quarter. Wetherby Asset Management Inc. now owns 39,655 shares of the basic materials company’s stock worth $1,447,000 after buying an additional 270 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Teck Resources by 3.6% in the 3rd quarter. Daymark Wealth Partners LLC now owns 7,910 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 273 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Teck Resources by 29.9% in the 2nd quarter. Private Trust Co. NA now owns 1,215 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 280 shares during the period. Optimum Investment Advisors grew its position in Teck Resources by 60.0% during the second quarter. Optimum Investment Advisors now owns 800 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 300 shares in the last quarter. Finally, Wealthsource Partners LLC increased its stake in Teck Resources by 4.0% in the 3rd quarter. Wealthsource Partners LLC now owns 7,747 shares of the basic materials company’s stock valued at $334,000 after buying an additional 300 shares during the period. 59.23% of the stock is currently owned by institutional investors.

Teck Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 1.35%. This is a boost from Teck Resources’s previous quarterly dividend of $0.09. Teck Resources’s dividend payout ratio (DPR) is currently 11.78%.

About Teck Resources

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Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company's principal products include copper, zinc, steelmaking coal, and blended bitumen.

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Earnings History and Estimates for Teck Resources (NYSE:TECK)

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