FY2025 EPS Estimates for Teck Resources Lifted by Analyst

Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Stock analysts at National Bank Financial upped their FY2025 EPS estimates for shares of Teck Resources in a research note issued on Wednesday, November 6th. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $1.48 per share for the year, up from their previous forecast of $1.36. The consensus estimate for Teck Resources' current full-year earnings is $1.91 per share. National Bank Financial also issued estimates for Teck Resources' FY2027 earnings at $1.48 EPS and FY2028 earnings at $1.50 EPS.

TECK has been the topic of several other reports. StockNews.com raised Teck Resources from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Citigroup raised Teck Resources to a "hold" rating in a report on Wednesday, October 2nd. Scotiabank raised their price target on Teck Resources from $78.00 to $79.00 and gave the company a "sector outperform" rating in a report on Tuesday, October 8th. Paradigm Capital upgraded Teck Resources to a "moderate buy" rating in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft lowered Teck Resources from a "buy" rating to a "hold" rating and set a $50.00 price target for the company. in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $65.29.

Teck Resources Price Performance

TECK stock traded down $1.28 during midday trading on Monday, reaching $47.41. The company had a trading volume of 1,227,826 shares, compared to its average volume of 3,391,455. Teck Resources has a 1-year low of $34.56 and a 1-year high of $55.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35. The stock has a 50 day moving average price of $48.66 and a 200-day moving average price of $48.79. The company has a market capitalization of $24.00 billion, a price-to-earnings ratio of 73.77 and a beta of 1.04.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.24. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. The company had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period last year, the business earned $0.57 EPS. The business's quarterly revenue was down 20.6% on a year-over-year basis.

Institutional Investors Weigh In On Teck Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Daymark Wealth Partners LLC increased its stake in Teck Resources by 2.8% in the 3rd quarter. Daymark Wealth Partners LLC now owns 8,774 shares of the basic materials company's stock valued at $458,000 after buying an additional 242 shares during the period. Cigna Investments Inc. New raised its stake in shares of Teck Resources by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 8,762 shares of the basic materials company's stock valued at $420,000 after buying an additional 317 shares in the last quarter. Candriam S.C.A. lifted its holdings in Teck Resources by 4.0% during the 2nd quarter. Candriam S.C.A. now owns 8,897 shares of the basic materials company's stock valued at $426,000 after purchasing an additional 343 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Teck Resources by 7.8% in the second quarter. Evergreen Capital Management LLC now owns 5,064 shares of the basic materials company's stock worth $243,000 after acquiring an additional 365 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its position in shares of Teck Resources by 77.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company's stock worth $46,000 after buying an additional 383 shares during the period. Institutional investors own 78.06% of the company's stock.

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.