FY2025 EPS Estimates for Teck Resources Boosted by Analyst

Key Points

• National Bank Financial increased its FY2025 earnings per share (EPS) estimate for Teck Resources to $1.05, slightly up from the previous estimate of $1.04.
• Teck Resources is set to pay a quarterly dividend of $0.0918 per share on September 29, an increase from the previous dividend of $0.09.
• The company has received mixed ratings from analysts, with one strong buy, nine buys, and ten holds, resulting in a consensus rating of "Moderate Buy."

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of Teck Resources in a report issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $1.05 per share for the year, up from their prior estimate of $1.04. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share.

A number of other equities research analysts have also commented on the stock. Royal Bank Of Canada reduced their price objective 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. Wall Street Zen raised shares of Teck Resources from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Scotiabank reaffirmed an "outperform" rating on shares of Teck Resources in a research report on Wednesday, September 10th. Desjardins lowered Teck Resources from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Stifel Canada raised Teck Resources to a "hold" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.88.

Teck Resources Stock Performance

Shares of TECK stock opened at $40.03 on Thursday. The business's 50 day simple moving average is $35.20 and its 200 day simple moving average is $36.48. 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 one year low of $28.32 and a one year high of $54.13. The stock has a market capitalization of $19.23 billion, a PE ratio of 105.34, a PEG ratio of 0.57 and a beta of 0.78.

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 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. Teck Resources had a return on equity of 3.91% and a net margin of 2.51%.The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The firm's revenue was up 12.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TECK. Two Sigma Investments LP boosted its holdings in Teck Resources by 6.5% in the fourth quarter. Two Sigma Investments LP now owns 117,502 shares of the basic materials company's stock worth $4,762,000 after acquiring an additional 7,200 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of Teck Resources by 14.6% in the 4th quarter. Vise Technologies Inc. now owns 5,942 shares of the basic materials company's stock worth $241,000 after purchasing an additional 757 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Teck Resources in the 4th quarter worth $50,000. PKO Investment Management Joint Stock Co bought a new position in shares of Teck Resources in the 4th quarter worth $500,000. Finally, GAMMA Investing LLC lifted its stake in shares of Teck Resources by 13,171.4% in the first quarter. GAMMA Investing LLC now owns 3,716 shares of the basic materials company's stock valued at $135,000 after buying an additional 3,688 shares in the last quarter. Institutional investors own 78.06% of the company's stock.

Teck Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.0918 per share. This is a boost from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.9%. Teck Resources's payout ratio is currently 94.74%.

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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