Zacks Research Predicts Stronger Earnings for Teck Resources

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities research analysts at Zacks Research increased their Q1 2025 earnings estimates for Teck Resources in a report released on Thursday, January 16th. Zacks Research analyst M. Das now expects that the basic materials company will post earnings per share of $0.30 for the quarter, up from their previous forecast 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 released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.60 earnings per share (EPS) 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 business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was down 20.6% on a year-over-year basis.

Other equities research analysts have also issued reports about the stock. Citigroup raised shares of Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank boosted 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 report on Tuesday, October 8th. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded 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 report on Friday, October 25th. Finally, UBS Group downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Six investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.71.

Teck Resources Price Performance

Shares of TECK opened at $43.19 on Monday. The firm has a market capitalization of $21.65 billion, a PE ratio of 65.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35. Teck Resources has a 1-year low of $36.50 and a 1-year high of $55.13. The company’s fifty day moving average price is $43.65 and its 200-day moving average price is $46.57.

Teck Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.0895 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. Teck Resources’s dividend payout ratio (DPR) is 53.03%.

Institutional Trading of Teck Resources

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Teck Resources by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 250,275 shares of the basic materials company’s stock worth $11,994,000 after acquiring an additional 1,929 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Teck Resources by 19.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 431,956 shares of the basic materials company’s stock worth $20,691,000 after acquiring an additional 69,763 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Teck Resources by 27.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,011 shares of the basic materials company’s stock worth $1,095,000 after acquiring an additional 4,903 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Teck Resources by 242.4% in the 2nd quarter. Intech Investment Management LLC now owns 81,164 shares of the basic materials company’s stock worth $3,889,000 after acquiring an additional 57,461 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Teck Resources by 25.0% in the 2nd quarter. Sei Investments Co. now owns 168,226 shares of the basic materials company’s stock worth $8,058,000 after acquiring an additional 33,664 shares during the last quarter. Hedge funds and other 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.