Teck Resources FY2024 EPS Estimate Raised by Eight Capital

Teck Resources Ltd. (TSE:TCKFree Report) – Investment analysts at Eight Capital increased their FY2024 earnings per share estimates for Teck Resources in a report released on Wednesday, November 13th. Eight Capital analyst R. Profiti now expects that the company will earn $2.53 per share for the year, up from their previous estimate of $2.43.

Several other equities research analysts have also recently weighed in on the stock. UBS Group cut shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Citigroup upgraded Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Paradigm Capital upgraded Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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