Q1 EPS Estimates for Teck Resources Raised by Zacks Research

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Stock analysts at Zacks Research lifted their Q1 2025 EPS estimates for Teck Resources in a report released on Thursday, January 16th. Zacks Research analyst M. Das now expects that the basic materials company will post earnings per share of $0.30 for the quarter, up from their previous forecast of $0.29. The consensus estimate for Teck Resources’ current full-year earnings is $1.70 per share. Zacks Research also issued estimates for Teck Resources’ FY2025 earnings at $1.51 EPS.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.36 by $0.24. The company had revenue of $2.86 billion during 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%. Teck Resources’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share.

Several other brokerages have also recently commented on TECK. UBS Group cut shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Thursday. Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Scotiabank lifted their target price 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. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.71.

Teck Resources Price Performance

Shares of NYSE:TECK opened at $43.19 on Monday. The company has a 50 day moving average of $43.74 and a 200 day moving average of $46.62. The stock has a market cap of $21.65 billion, a P/E ratio of 65.43 and a beta of 1.05. Teck Resources has a 12 month low of $36.50 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.

Institutional Investors Weigh In On Teck Resources

A number of hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of Teck Resources by 21.7% in 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 acquiring an additional 1,326,241 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Teck Resources by 2.6% in the 3rd quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock worth $341,337,000 after acquiring an additional 165,759 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Teck Resources by 10.3% in the 2nd 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 during the last quarter. AMF Tjanstepension AB lifted its holdings in shares of Teck Resources by 3.9% in the 3rd quarter. AMF Tjanstepension AB now owns 4,552,507 shares of the basic materials company’s stock worth $238,055,000 after acquiring an additional 169,476 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Teck Resources by 72.8% in the 3rd quarter. FMR LLC now owns 3,634,430 shares of the basic materials company’s stock worth $189,848,000 after acquiring an additional 1,531,563 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.0895 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.83%. Teck Resources’s payout ratio is 53.03%.

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.