Q2 EPS Estimates for Teck Resources Lowered by Analyst

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Stock analysts at National Bank Financial dropped their Q2 2025 earnings per share (EPS) estimates for Teck Resources in a note issued to investors on Tuesday, July 8th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $0.15 per share for the quarter, down from their prior forecast of $0.20. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $2.19 billion. Teck Resources had a return on equity of 4.53% and a net margin of 3.48%. Teck Resources's revenue for the quarter was up 41.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share.

A number of other research firms have also recently issued reports on TECK. Stifel Nicolaus initiated coverage on Teck Resources in a research report on Wednesday. They issued a "hold" rating on the stock. UBS Group reiterated a "neutral" rating on shares of Teck Resources in a research report on Tuesday, April 15th. BMO Capital Markets initiated coverage on Teck Resources in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Stifel Canada upgraded Teck Resources to a "hold" rating in a research report on Tuesday. Finally, Desjardins initiated coverage on Teck Resources in a research report on Friday, April 4th. They issued a "buy" rating on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.25.

Teck Resources Price Performance

TECK stock traded down $0.52 during midday trading on Thursday, reaching $38.29. The company had a trading volume of 4,451,529 shares, compared to its average volume of 3,252,937. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 66.02, a price-to-earnings-growth ratio of 0.60 and a beta of 0.80. The stock has a 50 day moving average price of $37.92 and a 200-day moving average price of $38.83. Teck Resources has a 1-year low of $28.32 and a 1-year high of $54.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.36 and a quick ratio of 2.57.

Institutional Trading of Teck Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Teck Resources in the fourth quarter valued at approximately $470,101,000. Principal Financial Group Inc. boosted its holdings in Teck Resources by 56.9% in the first quarter. Principal Financial Group Inc. now owns 11,530,742 shares of the basic materials company's stock valued at $419,970,000 after acquiring an additional 4,180,623 shares during the last quarter. Canoe Financial LP bought a new stake in Teck Resources in the second quarter valued at approximately $97,536,000. Arrowstreet Capital Limited Partnership bought a new stake in Teck Resources in the fourth quarter valued at approximately $65,197,000. Finally, Temasek Holdings Private Ltd boosted its holdings in Teck Resources by 125.8% in the first quarter. Temasek Holdings Private Ltd now owns 2,479,555 shares of the basic materials company's stock valued at $90,330,000 after acquiring an additional 1,381,355 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.0901 per share. This is a boost from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Monday, June 16th. Teck Resources's payout ratio is 62.07%.

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.