FY2025 EPS Estimates for Teck Resources Boosted by Analyst

Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Research analysts at National Bank Financial increased their FY2025 EPS estimates for Teck Resources in a report released on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $1.30 per share for the year, up from their previous estimate of $1.06. National Bank Financial has a "Sector Perform" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.64 per share.

A number of other equities analysts have also recently commented on TECK. Raymond James cut their price target on shares of Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Wednesday, January 22nd. UBS Group cut shares of Teck Resources from a "buy" rating to a "neutral" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut shares of Teck Resources from a "buy" rating to a "hold" rating and set a $50.00 price target for the company. in a research note on Friday, October 25th. StockNews.com raised shares of Teck Resources from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Teck Resources from $55.00 to $51.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $65.38.

Teck Resources Price Performance

Teck Resources stock traded down $1.12 during midday trading on Friday, reaching $42.05. 1,806,075 shares of the stock were exchanged, compared to its average volume of 2,830,582. The company's fifty day moving average is $42.43 and its 200-day moving average is $45.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The firm has a market cap of $20.97 billion, a PE ratio of 63.72 and a beta of 1.02. Teck Resources has a 52 week low of $36.50 and a 52 week high of $55.13.

Teck Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.0895 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 0.85%. Teck Resources's dividend payout ratio (DPR) is presently 53.03%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TECK. Stonebridge Financial Group LLC bought a new position in shares of Teck Resources in the 4th quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in Teck Resources during the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. purchased a new stake in Teck Resources during the 4th quarter valued at about $27,000. Eastern Bank purchased a new stake in Teck Resources during the 3rd quarter valued at about $39,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Teck Resources during the 3rd quarter valued at about $40,000. 78.06% of the stock is currently owned by institutional investors.

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.