Desjardins Forecasts Teck Resources' Q1 Earnings (NYSE:TECK)

Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Analysts at Desjardins dropped their Q1 2025 earnings per share estimates for shares of Teck Resources in a research note issued to investors on Tuesday, April 22nd. Desjardins analyst B. Adams now anticipates that the basic materials company will earn $0.32 per share for the quarter, down from their prior estimate of $0.47. Desjardins currently has a "Buy" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share.

A number of other research firms have also weighed in on TECK. JPMorgan Chase & Co. lowered their target price on Teck Resources from $50.00 to $41.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Raymond James lowered their target price on Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Wednesday, January 22nd. National Bank Financial raised Teck Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday. BMO Capital Markets initiated coverage on Teck Resources in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, UBS Group reissued a "neutral" rating on shares of Teck Resources in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.11.

Teck Resources Price Performance

Shares of TECK traded down $0.18 during midday trading on Friday, reaching $35.40. The stock had a trading volume of 2,031,954 shares, compared to its average volume of 3,137,190. The company's 50-day moving average is $37.41 and its 200 day moving average is $42.04. Teck Resources has a 12-month low of $28.32 and a 12-month high of $55.13. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $17.44 billion, a price-to-earnings ratio of 64.36 and a beta of 0.81.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.18. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same period in the prior year, the business earned $0.75 EPS. The company's revenue for the quarter was up 41.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in shares of Teck Resources by 2.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,632 shares of the basic materials company's stock valued at $471,000 after acquiring an additional 243 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Teck Resources by 2.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 9,809 shares of the basic materials company's stock valued at $398,000 after purchasing an additional 279 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Teck Resources by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,844 shares of the basic materials company's stock worth $196,000 after buying an additional 297 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Teck Resources by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,959 shares of the basic materials company's stock worth $566,000 after buying an additional 302 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Teck Resources by 7.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,897 shares of the basic materials company's stock valued at $198,000 after buying an additional 327 shares during the last quarter. Institutional investors own 78.06% of the company's stock.

Teck Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.0901 per share. This is an increase from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. Teck Resources's dividend payout ratio is 61.82%.

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.