Zacks Research Predicts Stronger Earnings for Teck Resources

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Investment analysts at Zacks Research upped their Q1 2025 EPS estimates for shares of Teck Resources in a note issued to investors on Thursday, January 16th. Zacks Research analyst M. Das now expects that the basic materials company will post earnings of $0.30 per share for the quarter, up from their previous estimate 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 posted its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.24. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the company posted $0.57 EPS. The company’s quarterly revenue was down 20.6% compared to the same quarter last year.

Several other equities analysts have also recently weighed in on TECK. National Bank Financial cut shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Friday, October 25th. Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. 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 note on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Teck Resources has an average rating of “Moderate Buy” and a consensus target price of $64.71.

Teck Resources Trading Up 1.4 %

NYSE TECK opened at $43.76 on Monday. Teck Resources has a twelve month low of $36.50 and a twelve month high of $55.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The stock has a market cap of $21.82 billion, a price-to-earnings ratio of 66.30 and a beta of 1.05. The firm’s 50 day moving average price is $43.60 and its two-hundred day moving average price is $46.52.

Institutional Investors Weigh In On Teck Resources

Several institutional investors and hedge funds have recently modified their holdings of TECK. Global Trust Asset Management LLC acquired a new position in Teck Resources during the 4th quarter worth $27,000. Eastern Bank acquired a new position in Teck Resources during the 3rd quarter worth $39,000. Wilmington Savings Fund Society FSB acquired a new position in Teck Resources during the 3rd quarter worth $40,000. Bruce G. Allen Investments LLC lifted its position in Teck Resources by 77.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 383 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in Teck Resources by 69.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 409 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.0895 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, December 13th. Teck Resources’s payout ratio is presently 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.