Teck Resources Q1 EPS Forecast Boosted by Zacks Research

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities researchers at Zacks Research upped their Q1 2025 earnings per share (EPS) estimates for shares of Teck Resources in a report issued on Wednesday, February 19th. Zacks Research analyst M. Das now anticipates that the basic materials company will post earnings of $0.19 per share for the quarter, up from their previous forecast 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 topic of several other reports. National Bank Financial downgraded Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. Raymond James dropped their price target on Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price objective on Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, UBS Group cut Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.38.

Teck Resources Stock Performance

Shares of NYSE TECK opened at $40.64 on Monday. 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 business’s 50 day moving average is $41.88 and its two-hundred day moving average is $45.67. The company has a market cap of $20.27 billion, a P/E ratio of 73.88 and a beta of 1.02. Teck Resources has a 12 month low of $37.30 and a 12 month high of $55.13.

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. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.58 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%.

Institutional Trading of Teck Resources

A number of large investors have recently bought and sold shares of TECK. Stonebridge Financial Group LLC bought a new stake in Teck Resources in the fourth quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in Teck Resources in the fourth quarter valued at $27,000. FPC Investment Advisory Inc. bought a new stake in Teck Resources in the fourth quarter valued at $27,000. Community Bank N.A. acquired a new position in Teck Resources in the fourth quarter worth $33,000. Finally, Eastern Bank acquired a new position in Teck Resources in the third quarter worth $39,000. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 0.87%. The ex-dividend date is Friday, March 14th. Teck Resources’s dividend payout ratio (DPR) is 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.