B. Riley Has Bullish Outlook for Teck Resources Q1 Earnings

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – B. Riley boosted their Q1 2025 earnings per share estimates for Teck Resources in a report issued on Tuesday, April 15th. B. Riley analyst N. Giles now expects that the basic materials company will post earnings of $0.30 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share. B. Riley also issued estimates for Teck Resources’ FY2026 earnings at $1.43 EPS.

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

A number of other analysts have also recently issued reports on the company. Bank of America raised their price objective on Teck Resources from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, March 10th. Veritas raised Teck Resources to a “hold” rating in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from $50.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. National Bankshares restated a “sector perform” rating on shares of Teck Resources in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets initiated coverage on shares of Teck Resources in a research note on Wednesday. They issued an “outperform” rating on the stock. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Teck Resources currently has a consensus rating of “Moderate Buy” and an average target price of $64.11.

Teck Resources Stock Performance

Shares of TECK stock opened at $32.90 on Friday. The company has a fifty day moving average price of $38.60 and a two-hundred day moving average price of $42.95. Teck Resources has a one year low of $28.32 and a one year high of $55.13. The stock has a market cap of $16.28 billion, a P/E ratio of 59.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35.

Institutional Investors Weigh In On Teck Resources

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Teck Resources by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,632 shares of the basic materials company’s stock valued at $471,000 after buying an additional 243 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Teck Resources by 2.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 9,809 shares of the basic materials company’s stock worth $398,000 after acquiring an additional 279 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Teck Resources by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,844 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 297 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in 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 purchasing an additional 302 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of Teck Resources by 7.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,897 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 327 shares during the last quarter. Institutional investors own 78.06% of the company’s stock.

Teck Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.0879 dividend. 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 dividend payout ratio (DPR) is presently 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.