Q1 Earnings Forecast for Teck Resources Issued By Desjardins

Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Analysts at Desjardins cut their Q1 2025 EPS estimates for Teck Resources in a research report issued on Tuesday, April 22nd. Desjardins analyst B. Adams now anticipates that the basic materials company will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.47. Desjardins has a "Buy" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share.

Several other brokerages have also recently weighed in on TECK. JPMorgan Chase & Co. decreased their price objective on Teck Resources from $50.00 to $41.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a report on Thursday, April 24th. Bank of America raised their target price on shares of Teck Resources from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. UBS Group reiterated a "neutral" rating on shares of Teck Resources in a research note on Tuesday, April 15th. Finally, Veritas upgraded shares of Teck Resources to a "hold" rating in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Teck Resources currently has an average rating of "Moderate Buy" and an average target price of $64.11.

Teck Resources Stock Down 5.2 %

TECK traded down $1.82 during trading hours on Friday, hitting $33.41. 3,650,835 shares of the company's stock were exchanged, compared to its average volume of 3,130,630. 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 1-year low of $28.32 and a 1-year high of $55.13. The stock's 50-day moving average is $37.25 and its two-hundred day moving average is $41.99. The stock has a market cap of $16.46 billion, a price-to-earnings ratio of 60.75 and a beta of 0.81.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.18. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $2.19 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. The company's quarterly revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share.

Institutional Investors Weigh In On Teck Resources

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

Teck Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.0901 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Teck Resources's previous quarterly dividend of $0.09. Teck Resources's dividend payout ratio is 58.62%.

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.