Brokers Issue Forecasts for Teck Resources FY2025 Earnings

Key Points

• Desjardins has reduced its FY2025 earnings estimate for Teck Resources to $1.46 per share, down from $1.47, while maintaining a "Hold" rating on the stock.
• Teck Resources recently increased its quarterly dividend to $0.0918 per share, reflecting a slight rise compared to the previous dividend of $0.09.
• As of recent reports, institutional investors hold 78.06% of Teck Resources' shares, indicating strong institutional support for the company.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Stock analysts at Desjardins reduced their FY2025 earnings estimates for Teck Resources in a research note issued to investors on Tuesday, October 14th. Desjardins analyst B. Adams now expects that the basic materials company will earn $1.46 per share for the year, down from their prior estimate of $1.47. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. Desjardins also issued estimates for Teck Resources' FY2026 earnings at $1.87 EPS and FY2027 earnings at $2.72 EPS.

TECK has been the topic of a number of other reports. UBS Group raised shares of Teck Resources from a "neutral" rating to a "buy" rating in a research note on Wednesday, September 3rd. CIBC downgraded shares of Teck Resources from a "sector outperform" rating to a "neutral" rating in a research note on Friday, July 25th. Stifel Nicolaus started coverage on shares of Teck Resources in a research note on Wednesday, July 9th. They issued a "hold" rating on the stock. Royal Bank Of Canada lowered their target price on shares of Teck Resources from $82.00 to $67.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Finally, Canaccord Genuity Group downgraded shares of Teck Resources from a "buy" rating to a "hold" rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.00.

Teck Resources Trading Up 1.1%

Shares of TECK opened at $43.72 on Thursday. The firm's 50 day simple moving average is $37.72 and its 200 day simple moving average is $36.72. The company has a market capitalization of $21.00 billion, a P/E ratio of 115.06, a P/E/G ratio of 0.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.45. Teck Resources has a 1-year low of $28.32 and a 1-year high of $51.48.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its earnings results on Thursday, July 24th. The basic materials company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $2.25 billion. Teck Resources had a net margin of 2.51% and a return on equity of 3.91%. Teck Resources's quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a dividend of $0.0918 per share. The ex-dividend date was Monday, September 15th. This is an increase from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.37 dividend on an annualized basis and a yield of 0.8%. Teck Resources's dividend payout ratio (DPR) is 94.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Teck Resources by 69.2% in the first quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company's stock worth $32,000 after purchasing an additional 350 shares during the last quarter. Costello Asset Management INC purchased a new stake in Teck Resources in the first quarter worth $33,000. Banque Cantonale Vaudoise purchased a new stake in Teck Resources in the first quarter worth $36,000. Golden State Wealth Management LLC lifted its stake in Teck Resources by 7,560.0% in the first quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company's stock worth $42,000 after acquiring an additional 1,134 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Teck Resources in the second quarter worth $49,000. 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.

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