Zacks Research Predicts Stronger Earnings for Teck Resources

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Analysts at Zacks Research raised their Q1 2025 earnings estimates for Teck Resources in a research report issued on Wednesday, February 19th. Zacks Research analyst M. Das now anticipates that the basic materials company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.18. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Teck Resources’ Q2 2025 earnings at $0.25 EPS and FY2025 earnings at $1.15 EPS.

TECK has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Raymond James lowered their price objective on shares of Teck Resources from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. UBS Group downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, National Bank Financial lowered Teck Resources from an “outperform” rating to a “sector perform” rating in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

Teck Resources Stock Down 0.6 %

Shares of TECK opened at $40.87 on Monday. Teck Resources has a 52-week low of $37.30 and a 52-week high of $55.13. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $41.91 and a two-hundred day simple moving average of $45.71. The company has a market capitalization of $20.38 billion, a PE ratio of 74.31 and a beta of 1.02.

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 for the quarter, topping the consensus estimate of $0.26 by $0.07. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.58 billion.

Teck Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.0879 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, March 14th. Teck Resources’s dividend payout ratio (DPR) is 63.64%.

Hedge Funds Weigh In On Teck Resources

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Teck Resources by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 19,316,132 shares of the basic materials company’s stock valued at $783,153,000 after purchasing an additional 58,985 shares during the period. Amundi lifted its stake in Teck Resources by 5.6% in the fourth quarter. Amundi now owns 14,949,233 shares of the basic materials company’s stock valued at $619,765,000 after buying an additional 791,725 shares during the last quarter. Norges Bank acquired a new stake in shares of Teck Resources in the fourth quarter valued at approximately $470,101,000. Invesco Ltd. grew its position in shares of Teck Resources by 4.7% during the fourth quarter. Invesco Ltd. now owns 7,711,727 shares of the basic materials company’s stock worth $312,556,000 after acquiring an additional 347,235 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of 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 valued at $388,507,000 after acquiring an additional 1,326,241 shares during the period. Hedge funds and other institutional investors 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.