Brokers Issue Forecasts for Teck Resources FY2024 Earnings

Teck Resources Ltd. (TSE:TCK) – Stock analysts at National Bank Financial raised their FY2024 EPS estimates for shares of Teck Resources in a note issued to investors on Tuesday, January 21st. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $2.34 per share for the year, up from their previous estimate of $2.25. National Bank Financial currently has a “Hold” rating on the stock. National Bank Financial also issued estimates for Teck Resources’ FY2026 earnings at $1.92 EPS, FY2027 earnings at $1.57 EPS and FY2028 earnings at $0.94 EPS.

A number of other research analysts have also recently commented on TCK. Citigroup raised shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last issued its earnings results 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 period in the previous year, the company posted $0.76 earnings per share.