Analysts Issue Forecasts for Teck Resources FY2024 Earnings

Teck Resources Ltd. (TSE:TCKFree Report) – Research analysts at Eight Capital increased their FY2024 earnings per share (EPS) estimates for shares of Teck Resources in a research note issued to investors on Wednesday, November 13th. Eight Capital analyst R. Profiti now expects that the company will post earnings per share of $2.53 for the year, up from their prior forecast of $2.43.

A number of other research firms have also recently weighed in on TCK. UBS Group cut Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Paradigm Capital upgraded Teck Resources to a “moderate buy” rating in a research report on Friday, July 26th. Finally, Citigroup upgraded Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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Earnings History and Estimates for Teck Resources (TSE:TCK)

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