FY2025 EPS Estimates for Teck Resources Decreased by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Analysts at National Bank Financial dropped their FY2025 earnings per share estimates for Teck Resources in a report released on Monday, December 9th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $1.18 for the year, down from their prior estimate of $1.46. National Bank Financial currently has a “Sector Perform” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.82 per share. National Bank Financial also issued estimates for Teck Resources’ FY2026 earnings at $1.39 EPS.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.24. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.09 billion. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS.

Several other equities analysts have also issued reports on the company. Scotiabank lifted their price target on Teck Resources from $78.00 to $79.00 and gave the company a “sector outperform” rating in a research note on Tuesday, October 8th. StockNews.com upgraded Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of Teck Resources from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Friday, October 25th. Finally, Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.29.

Teck Resources Stock Performance

Shares of Teck Resources stock opened at $45.21 on Thursday. The company has a 50 day moving average of $47.72 and a 200-day moving average of $48.02. The company has a market cap of $23.16 billion, a PE ratio of 68.49 and a beta of 1.03. 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 has a 1-year low of $36.50 and a 1-year high of $55.13.

Teck Resources Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.0895 per share. The ex-dividend date is Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.79%. Teck Resources’s dividend payout ratio (DPR) is currently 56.06%.

Institutional Investors Weigh In On Teck Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. TD Asset Management Inc boosted its holdings in shares of Teck Resources by 49.0% during the 2nd quarter. TD Asset Management Inc now owns 4,950,816 shares of the basic materials company’s stock worth $237,202,000 after buying an additional 1,629,149 shares in the last quarter. FMR LLC boosted its stake in Teck Resources by 72.8% during the third 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 in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Teck Resources in the third quarter worth $70,549,000. Principal Financial Group Inc. increased its stake in Teck Resources by 21.7% in the third 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 in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Teck Resources by 48.4% during the second quarter. National Bank of Canada FI now owns 3,934,663 shares of the basic materials company’s stock valued at $188,111,000 after purchasing an additional 1,283,876 shares during the period. Institutional investors own 78.06% of the company’s stock.

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.