FY2025 EPS Forecast for Teck Resources Decreased by Analyst

Key Points

• Analysts at Desjardins have **decreased their FY2025 earnings forecast** for Teck Resources to **$1.47 per share**, down from a prior estimate of **$1.97**.
• The majority of analysts have assigned a **"Hold" rating** on Teck Resources, with the consensus target price at **$54.00**, while JPMorgan raised their target price to **$43.00**.
• Teck Resources recently **increased its quarterly dividend** to **$0.0918 per share**, up from the previous **$0.09**, reflecting a **0.8% yield**.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Analysts at Desjardins cut their FY2025 earnings estimates for Teck Resources in a research report issued to clients and investors on Wednesday, October 8th. Desjardins analyst B. Adams now expects that the basic materials company will earn $1.47 per share for the year, down from their previous estimate of $1.97. Desjardins 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 $1.89 EPS and FY2027 earnings at $2.75 EPS.

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

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Teck Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday. Benchmark reduced their target price on shares of Teck Resources from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Monday, July 28th. Citigroup reiterated a "neutral" rating on shares of Teck Resources in a research note on Wednesday. Canaccord Genuity Group lowered shares of Teck Resources from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Stifel Canada upgraded shares of 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 issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Teck Resources currently has an average rating of "Hold" and a consensus target price of $54.00.

Teck Resources Stock Performance

NYSE TECK opened at $43.88 on Friday. Teck Resources has a 1 year low of $28.32 and a 1 year high of $51.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.45. The firm has a market cap of $21.08 billion, a price-to-earnings ratio of 115.48, a PEG ratio of 0.54 and a beta of 0.92. The company has a fifty day moving average price of $36.84 and a 200-day moving average price of $36.63.

Institutional Trading of Teck Resources

A number of large investors have recently added to or reduced their stakes in TECK. Smartleaf Asset Management LLC increased its holdings in Teck Resources by 69.2% during the first quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company's stock worth $32,000 after buying an additional 350 shares during the last quarter. Costello Asset Management INC purchased a new stake in Teck Resources during the first quarter worth about $33,000. Banque Cantonale Vaudoise purchased a new stake in Teck Resources during the first quarter worth about $36,000. Golden State Wealth Management LLC increased its holdings in Teck Resources by 7,560.0% during the first quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company's stock worth $42,000 after buying an additional 1,134 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Teck Resources during the second quarter worth about $49,000. Hedge funds and other institutional investors own 78.06% of the company's stock.

Teck Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a dividend of $0.0918 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.8%. This is a boost from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date was Monday, September 15th. Teck Resources's dividend payout ratio is 94.74%.

About Teck Resources

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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