Analysts Set Expectations for Teck Resources Q2 Earnings

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Equities research analysts at National Bank Financial cut their Q2 2025 earnings per share estimates for shares of Teck Resources in a report released on Tuesday, July 8th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will earn $0.15 per share for the quarter, down from their prior estimate 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 has been the topic of a number of other research reports. UBS Group restated a "neutral" rating on shares of Teck Resources in a report on Tuesday, April 15th. JPMorgan Chase & Co. increased their price objective on Teck Resources from $41.00 to $46.00 and gave the company an "overweight" rating in a report on Wednesday. Stifel Nicolaus started coverage on shares of Teck Resources in a research note on Wednesday. They set a "hold" rating on the stock. National Bankshares upgraded Teck Resources from a "sector perform" rating to an "outperform" rating in a research report on Thursday, April 24th. Finally, Stifel Canada raised shares of Teck Resources to a "hold" rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $65.25.

Teck Resources Stock Up 0.8%

Shares of NYSE:TECK traded up $0.30 during midday trading on Thursday, hitting $38.74. 5,157,727 shares of the company's stock were exchanged, compared to its average volume of 3,254,352. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.36 and a quick ratio of 2.57. Teck Resources has a 12 month low of $28.32 and a 12 month high of $54.13. The company has a market cap of $18.71 billion, a PE ratio of 66.80, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. The stock has a 50 day moving average price of $37.87 and a 200-day moving average price of $38.85.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.18. Teck Resources had a net margin of 3.48% and a return on equity of 4.53%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $0.75 EPS. Teck Resources's revenue was up 41.4% compared to the same quarter last year.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.0901 per share. This represents a $0.36 annualized dividend and a yield of 0.93%. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 16th. Teck Resources's dividend payout ratio is presently 62.07%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TECK. Smartleaf Asset Management LLC raised its holdings in shares of Teck Resources by 69.2% during the first quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 350 shares in the last quarter. Community Bank N.A. purchased a new stake in shares of Teck Resources in the 4th quarter worth about $33,000. Costello Asset Management INC bought a new stake in shares of Teck Resources during the 1st quarter valued at about $33,000. Banque Cantonale Vaudoise purchased a new position in shares of Teck Resources during the 1st quarter worth approximately $36,000. Finally, Golden State Wealth Management LLC raised its holdings 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 purchasing an additional 1,134 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company's stock.

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.