Teck Resources (TECK) Projected to Post Quarterly Earnings on Thursday

Teck Resources (NYSE:TECK) (TSE:TECK) is expected to announce its Q2 2025 earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $2.25 billion for the quarter.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.18. Teck Resources had a return on equity of 4.53% and a net margin of 3.48%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 41.4% compared to the same quarter last year. On average, analysts expect Teck Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Teck Resources Trading Down 1.2%

Shares of NYSE:TECK opened at $37.08 on Thursday. The business’s 50-day moving average is $38.10 and its 200 day moving average is $38.76. Teck Resources has a 1 year low of $28.32 and a 1 year high of $54.13. The firm has a market capitalization of $17.91 billion, a P/E ratio of 63.94, a P/E/G ratio of 0.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.36 and a quick ratio of 2.57.

Teck Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.0901 per share. This is a positive change from Teck Resources’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Monday, June 16th. Teck Resources’s dividend payout ratio is currently 62.07%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TECK. National Bankshares raised Teck Resources from a “sector perform” rating to an “outperform” rating in a report on Thursday, April 24th. Stifel Canada raised Teck Resources to a “hold” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price objective on Teck Resources from $41.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Veritas raised Teck Resources to a “hold” rating in a report on Friday, April 11th. Finally, National Bank Financial raised Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 24th. Eight equities 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.75.

Institutional Trading of Teck Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its holdings in Teck Resources by 453.0% during the first quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 7,963 shares during the period. AQR Capital Management LLC grew its holdings in Teck Resources by 11.1% during the first quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock worth $1,264,000 after acquiring an additional 3,458 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Teck Resources by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock worth $16,971,000 after acquiring an additional 8,146 shares during the period. 78.06% of the stock is owned by institutional investors and hedge funds.

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.