Q3 2024 EPS Estimates for Teck Resources Ltd. (TSE:TCK) Raised by Analyst

Teck Resources Ltd. (TSE:TCK) – Equities researchers at Raymond James boosted their Q3 2024 earnings per share estimates for shares of Teck Resources in a research note issued to investors on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.40. Raymond James also issued estimates for Teck Resources’ Q1 2025 earnings at $0.59 EPS.

A number of other research analysts have also recently issued reports on TCK. Eight Capital cut shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 11th. UBS Group upgraded shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. BMO Capital Markets upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. TD Securities raised Teck Resources to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, Paradigm Capital raised Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Teck Resources currently has an average rating of “Buy”.

Teck Resources Stock Performance

Teck Resources (TSE:TCK) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.79 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.15. The firm had revenue of C$3.87 billion for the quarter, compared to the consensus estimate of C$3.98 billion.

Teck Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of ∞.