FY2025 EPS Estimates for Teck Resources Decreased by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities researchers at B. Riley lowered their FY2025 earnings per share (EPS) estimates for shares of Teck Resources in a research report issued on Tuesday, October 22nd. B. Riley analyst L. Pipes now anticipates that the basic materials company will earn $1.20 per share for the year, down from their prior forecast of $1.24. The consensus estimate for Teck Resources’ current full-year earnings is $1.93 per share. B. Riley also issued estimates for Teck Resources’ FY2026 earnings at $0.99 EPS.

Other research analysts have also issued reports about the company. TD Securities raised Teck Resources to a “strong-buy” rating in a research report on Tuesday, July 16th. CIBC upped their target price on Teck Resources from $70.00 to $80.00 and gave the company an “outperformer” rating in a research report on Friday, July 12th. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Benchmark reissued a “buy” rating and issued a $55.00 price objective on shares of Teck Resources in a report on Thursday, July 25th. Finally, StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.43.

Teck Resources Trading Down 1.5 %

Shares of NYSE:TECK opened at $49.56 on Thursday. The business’s 50-day moving average is $48.80 and its 200 day moving average is $48.74. Teck Resources has a 1 year low of $34.38 and a 1 year high of $55.13. The firm has a market capitalization of $25.08 billion, a P/E ratio of 24.29 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 0.77.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Wednesday, July 24th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.32. Teck Resources had a return on equity of 6.52% and a net margin of 9.40%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year.

Institutional Trading of Teck Resources

Hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC boosted its stake in shares of Teck Resources by 143.0% in the first quarter. Hexagon Capital Partners LLC now owns 656 shares of the basic materials company’s stock worth $30,000 after buying an additional 386 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Teck Resources in the second quarter worth about $38,000. Eastern Bank purchased a new stake in shares of Teck Resources in the third quarter worth about $39,000. Bruce G. Allen Investments LLC boosted its position in Teck Resources by 77.4% during the third quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 383 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Teck Resources by 583.1% during the second quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 898 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Company Profile

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.