Q1 EPS Estimates for Teck Resources Decreased by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Investment analysts at National Bank Financial decreased their Q1 2025 earnings estimates for shares of Teck Resources in a research note issued to investors on Tuesday, April 15th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $0.13 for the quarter, down from their previous forecast of $0.35. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share. National Bank Financial also issued estimates for Teck Resources’ FY2025 earnings at $1.18 EPS and FY2026 earnings at $1.65 EPS.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.58 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%.

Other equities analysts also recently issued research reports about the stock. Desjardins initiated coverage on shares of Teck Resources in a research note on Friday, April 4th. They issued a “buy” rating for the company. BMO Capital Markets began coverage on shares of Teck Resources in a research note on Wednesday. They issued an “outperform” rating for the company. National Bankshares restated a “sector perform” rating on shares of Teck Resources in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on Teck Resources from $50.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, Bank of America boosted their price objective on Teck Resources from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, March 10th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Teck Resources presently has an average rating of “Moderate Buy” and a consensus target price of $64.11.

Teck Resources Trading Down 1.6 %

Shares of Teck Resources stock opened at $32.90 on Friday. The stock has a market capitalization of $16.28 billion, a P/E ratio of 59.82 and a beta of 0.81. Teck Resources has a 52-week low of $28.32 and a 52-week high of $55.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The stock’s 50-day simple moving average is $38.60 and its 200 day simple moving average is $42.95.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Teck Resources by 21.7% in the 3rd quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company’s stock worth $388,507,000 after buying an additional 1,326,241 shares in the last quarter. State Street Corp bought a new stake in shares of Teck Resources during the 3rd quarter worth $2,500,000. Public Employees Retirement System of Ohio purchased a new position in Teck Resources in the third quarter worth $1,937,000. Geode Capital Management LLC grew its position in Teck Resources by 11.3% in the third quarter. Geode Capital Management LLC now owns 2,078,789 shares of the basic materials company’s stock worth $109,753,000 after acquiring an additional 211,856 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in Teck Resources by 4.7% in the third quarter. SkyView Investment Advisors LLC now owns 14,958 shares of the basic materials company’s stock valued at $781,000 after acquiring an additional 675 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.0879 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, March 14th. Teck Resources’s payout ratio is 61.82%.

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.