Zacks Research Cuts Earnings Estimates for Teck Resources

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Stock analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Teck Resources in a report released on Monday, February 10th. Zacks Research analyst M. Das now expects that the basic materials company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for Teck Resources’ current full-year earnings is $1.64 per share. Zacks Research also issued estimates for Teck Resources’ Q1 2025 earnings at $0.18 EPS, FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.30 EPS.

Other equities research analysts also recently issued research reports about the company. National Bank Financial downgraded Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Friday, October 25th. UBS Group downgraded Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Raymond James lowered their price target on Teck Resources from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. Six 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 stock. Based on data from MarketBeat, Teck Resources has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

Teck Resources Stock Performance

NYSE TECK opened at $43.85 on Wednesday. Teck Resources has a fifty-two week low of $36.93 and a fifty-two week high of $55.13. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 66.43 and a beta of 1.02. The business has a fifty day moving average of $42.30 and a 200-day moving average of $45.90. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TECK. Stonebridge Financial Group LLC acquired a new position in shares of Teck Resources during the fourth quarter worth about $25,000. Global Trust Asset Management LLC acquired a new position in shares of Teck Resources during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. acquired a new position in shares of Teck Resources during the fourth quarter worth about $27,000. Community Bank N.A. acquired a new position in shares of Teck Resources during the fourth quarter worth about $33,000. Finally, Eastern Bank acquired a new position in shares of Teck Resources during the third quarter worth about $39,000. Institutional investors and hedge funds 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.