What is B. Riley's Forecast for Teck Resources Q1 Earnings?

Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Equities research analysts at B. Riley lifted their Q1 2025 earnings per share estimates for shares of Teck Resources in a report released on Tuesday, April 15th. B. Riley analyst N. Giles now anticipates that the basic materials company will earn $0.30 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. B. Riley also issued estimates for Teck Resources' FY2026 earnings at $1.43 EPS.

Several other research firms have also recently issued reports on TECK. Desjardins assumed coverage on Teck Resources in a research note on Friday, April 4th. They issued a "buy" rating for the company. National Bankshares reiterated a "sector perform" rating on shares of Teck Resources in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from $50.00 to $41.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Bank of America increased their price objective on shares of Teck Resources from $62.00 to $64.00 and gave the company a "buy" rating in a report on Monday, March 10th. Finally, Raymond James dropped their target price on Teck Resources from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.11.

Teck Resources Stock Performance

Shares of NYSE TECK traded up $1.13 during midday trading on Friday, hitting $34.97. 2,823,277 shares of the company's stock were exchanged, compared to its average volume of 3,166,709. Teck Resources has a twelve month low of $28.32 and a twelve month high of $55.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35. The firm has a market cap of $17.31 billion, a P/E ratio of 63.58 and a beta of 0.81. The stock's 50 day moving average price is $38.01 and its 200-day moving average price is $42.50.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.58 billion.

Teck Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.0879 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.01%. Teck Resources's dividend payout ratio (DPR) is 61.82%.

Institutional Trading of Teck Resources

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Teck Resources in the fourth quarter worth about $470,101,000. Swedbank AB acquired a new position in Teck Resources in the 4th quarter worth approximately $103,878,000. Arrowstreet Capital Limited Partnership purchased a new position in Teck Resources during the 4th quarter worth approximately $65,197,000. AMF Tjanstepension AB raised its stake in Teck Resources by 32.2% during the 4th quarter. AMF Tjanstepension AB now owns 6,020,023 shares of the basic materials company's stock valued at $244,252,000 after purchasing an additional 1,467,516 shares during the period. Finally, Principal Financial Group Inc. lifted 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 valued at $388,507,000 after purchasing an additional 1,326,241 shares in the last quarter. Institutional investors and hedge funds 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.