Zacks Research Forecasts Lower Earnings for Teck Resources

Key Points

• Zacks Research has cut its FY2025 earnings per share estimate for Teck Resources from $1.35 to $1.30, with the current consensus estimate at $1.53.
• Teck Resources recently announced a quarterly dividend increase to $0.0918 per share, representing a 1.1% yield and a payout ratio of 94.74%.
• Royal Bank of Canada has lowered its price target for Teck Resources from $82 to $67, maintaining an "outperform" rating as several analysts adjust their ratings.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Analysts at Zacks Research lowered their FY2025 earnings estimates for Teck Resources in a note issued to investors on Tuesday, September 2nd. Zacks Research analyst Team now forecasts that the basic materials company will earn $1.30 per share for the year, down from their prior forecast of $1.35. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Teck Resources' Q1 2026 earnings at $0.37 EPS and FY2027 earnings at $1.43 EPS.

Other equities analysts also recently issued research reports about the stock. CIBC downgraded shares of Teck Resources from a "sector outperform" rating to a "neutral" rating in a report on Friday, July 25th. Stifel Canada upgraded shares of Teck Resources to a "hold" rating in a report on Tuesday, July 8th. Cibc World Mkts downgraded shares of Teck Resources from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. UBS Group upgraded shares of Teck Resources from a "neutral" rating to a "buy" rating in a report on Wednesday. Finally, Royal Bank Of Canada cut their price objective on shares of Teck Resources from $82.00 to $67.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.88.

Teck Resources Stock Up 4.7%

Teck Resources stock traded up $1.54 during trading hours on Friday, reaching $34.31. The stock had a trading volume of 5,199,901 shares, compared to its average volume of 3,771,862. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 90.29, a PEG ratio of 0.54 and a beta of 0.78. 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 business's 50 day moving average price is $35.13 and its 200-day moving average price is $36.50. Teck Resources has a 52 week low of $28.32 and a 52 week high of $54.13.

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, topping analysts' consensus estimates of $0.20 by $0.07. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $2.25 billion. Teck Resources had a net margin of 2.51% and a return on equity of 3.91%. The firm's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $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. Shareholders of record on Monday, September 15th will be given a $0.0918 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.37 annualized dividend and a yield of 1.1%. This is a boost from Teck Resources's previous quarterly dividend of $0.09. Teck Resources's payout ratio is currently 94.74%.

Institutional Investors Weigh In On Teck Resources

Several hedge funds have recently bought and sold shares of TECK. Smartleaf Asset Management LLC boosted its position in Teck Resources by 69.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company's stock worth $32,000 after purchasing an additional 350 shares in the last quarter. Costello Asset Management INC purchased a new stake in Teck Resources in the 1st quarter worth approximately $33,000. Banque Cantonale Vaudoise purchased a new stake in Teck Resources in the 1st quarter worth approximately $36,000. Golden State Wealth Management LLC boosted its position in Teck Resources by 7,560.0% in the 1st 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. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Teck Resources in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 78.06% of the company's stock.

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.