Raymond James Reduces Earnings Estimates for Teck Resources

Teck Resources Ltd. (TSE:TCK) – Analysts at Raymond James cut their Q4 2024 earnings per share estimates for shares of Teck Resources in a note issued to investors on Tuesday, January 21st. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.43 per share for the quarter, down from their previous estimate of $0.67. Raymond James also issued estimates for Teck Resources’ Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.56 EPS and FY2025 earnings at $2.26 EPS.

TCK has been the subject of several other reports. Citigroup upgraded Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. National Bank Financial lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, December 9th. Finally, UBS Group downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last announced its quarterly earnings data on Thursday, October 24th. The company reported C$0.60 earnings per share for the quarter, topping the consensus estimate of C$0.49 by C$0.11. During the same quarter in the previous year, the business earned $0.76 EPS.