Stifel Canada Expects Increased Earnings for Teck Resources

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Equities researchers at Stifel Canada lifted their Q2 2025 earnings estimates for Teck Resources in a report released on Tuesday, July 22nd. Stifel Canada analyst R. Profiti now expects that the basic materials company will post earnings per share of $0.15 for the quarter, up from their previous forecast of $0.11. Stifel Canada has a "Hold" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. Stifel Canada also issued estimates for Teck Resources' FY2027 earnings at $1.28 EPS.

TECK has been the subject of a number of other research reports. Royal Bank Of Canada cut their target price on shares of Teck Resources from $82.00 to $67.00 and set an "outperform" rating for the company in a research note on Friday. National Bank Financial raised shares of Teck Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. CIBC cut shares of Teck Resources from a "sector outperform" rating to a "neutral" rating in a research note on Friday. BMO Capital Markets began coverage on shares of Teck Resources in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, National Bankshares upgraded shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a research report on Thursday, April 24th. Twelve equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $61.63.

Teck Resources Price Performance

Shares of TECK stock traded down $2.13 on Thursday, reaching $33.00. 12,487,636 shares of the company were exchanged, compared to its average volume of 4,345,001. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 86.83, a P/E/G ratio of 0.56 and a beta of 0.80. The business has a 50-day moving average price of $38.17 and a 200 day moving average price of $38.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.57 and a current ratio of 3.36. Teck Resources has a 1 year low of $28.32 and a 1 year high of $54.13.

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, beating analysts' consensus estimates of $0.20 by $0.07. The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $2.25 billion. Teck Resources had a net margin of 2.51% and a return on equity of 3.87%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share.

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 issued a $0.0918 dividend. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.37 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, September 15th. Teck Resources's dividend payout ratio is currently 94.74%.

Institutional Investors Weigh In On Teck Resources

Several large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its holdings in shares of Teck Resources by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,959 shares of the basic materials company's stock valued at $566,000 after buying an additional 302 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Teck Resources in the 4th quarter valued at $413,000. Sei Investments Co. boosted its holdings in shares of Teck Resources by 6.9% in the 4th quarter. Sei Investments Co. now owns 165,150 shares of the basic materials company's stock valued at $6,693,000 after buying an additional 10,699 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Teck Resources in the 4th quarter valued at $251,000. Finally, LPL Financial LLC boosted its holdings in shares of Teck Resources by 5.1% in the 4th quarter. LPL Financial LLC now owns 152,327 shares of the basic materials company's stock valued at $6,174,000 after buying an additional 7,400 shares in the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.

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.