Q1 EPS Estimates for Teck Resources Decreased by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities research analysts at Raymond James lowered their Q1 2025 earnings per share (EPS) estimates for Teck Resources in a report released on Tuesday, April 1st. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.26 for the quarter, down from their previous forecast of $0.32. Raymond James has a “Outperform” rating and a $70.00 price target on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share. Raymond James also issued estimates for Teck Resources’ Q2 2025 earnings at $0.29 EPS.

Several other equities analysts have also weighed in on TECK. National Bank Financial lowered Teck Resources from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price objective on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Bank of America upped their target price on shares of Teck Resources from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Finally, Desjardins assumed coverage on Teck Resources in a research report on Friday. They issued a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.22.

Teck Resources Stock Down 12.1 %

NYSE:TECK opened at $29.97 on Thursday. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. Teck Resources has a 12-month low of $29.26 and a 12-month high of $55.13. The stock’s fifty day simple moving average is $40.72 and its 200-day simple moving average is $44.26. The firm has a market capitalization of $14.83 billion, a P/E ratio of 54.48 and a beta of 0.81.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.58 billion.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TECK. Stonebridge Financial Group LLC acquired a new stake in Teck Resources during the 4th quarter valued at $25,000. FPC Investment Advisory Inc. acquired a new stake in shares of Teck Resources during the 4th quarter worth about $27,000. Global Trust Asset Management LLC acquired a new stake in shares of Teck Resources during the 4th quarter worth about $27,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Teck Resources during the 3rd quarter worth about $40,000. Finally, Community Bank N.A. acquired a new position in Teck Resources in the 4th quarter valued at about $33,000. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.0879 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.35 annualized dividend and a yield of 1.17%. Teck Resources’s dividend payout ratio is 61.82%.

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.