Brokers Offer Predictions for Teck Resources Q4 Earnings

Teck Resources Ltd. (TSE:TCK) – Analysts at National Bank Financial decreased their Q4 2024 earnings estimates for shares of Teck Resources in a research note issued on Tuesday, January 21st. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.40. National Bank Financial currently has a “Hold” rating on the stock. National Bank Financial also issued estimates for Teck Resources’ FY2025 earnings at $1.54 EPS.

Teck Resources (TSE:TCK) last posted its earnings results on Thursday, October 24th. The company reported C$0.60 earnings per share for the quarter, beating the consensus estimate of C$0.49 by C$0.11. During the same quarter in the previous year, the company earned $0.76 EPS.

Several other research firms also recently weighed in on TCK. UBS Group downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Teck Resources has a consensus rating of “Moderate Buy”.

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