B. Riley Estimates Teck Resources FY2027 Earnings

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities research analysts at B. Riley issued their FY2027 earnings per share estimates for shares of Teck Resources in a report released on Friday, November 22nd. B. Riley analyst L. Pipes anticipates that the basic materials company will earn $1.33 per share for the year. The consensus estimate for Teck Resources’ current full-year earnings is $1.86 per share.

Several other analysts have also recently commented on the company. StockNews.com upgraded Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research note on Friday, October 25th. Citigroup raised shares of Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, UBS Group lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.29.

Teck Resources Price Performance

Shares of NYSE:TECK opened at $47.10 on Monday. The firm’s 50 day moving average is $48.90 and its two-hundred day moving average is $48.56. The firm has a market capitalization of $23.70 billion, a P/E ratio of 71.36 and a beta of 1.04. 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 52 week low of $35.25 and a 52 week high of $55.13.

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

Teck Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.0895 per share. This represents a $0.36 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, December 13th. Teck Resources’s dividend payout ratio is presently 56.06%.

Institutional Trading of Teck Resources

A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its position in shares of Teck Resources by 2.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,604,605 shares of the basic materials company’s stock valued at $394,178,000 after purchasing an additional 203,607 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of 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 worth $388,507,000 after buying an additional 1,326,241 shares during the period. CIBC Asset Management Inc increased its position in shares of Teck Resources by 2.6% in the third quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock worth $341,337,000 after acquiring an additional 165,759 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Teck Resources by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,855,836 shares of the basic materials company’s stock valued at $280,655,000 after acquiring an additional 546,801 shares during the period. Finally, TD Asset Management Inc lifted its position in shares of Teck Resources by 49.0% in the 2nd quarter. TD Asset Management Inc now owns 4,950,816 shares of the basic materials company’s stock valued at $237,202,000 after acquiring an additional 1,629,149 shares in the last quarter. 78.06% of the stock is currently owned by institutional investors.

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.