Q1 EPS Estimates for Teck Resources Boosted by Raymond James

Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Investment analysts at Raymond James lifted their Q1 2025 earnings per share estimates for Teck Resources in a research note issued on Wednesday, November 6th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.43 per share for the quarter, up from their prior estimate of $0.32. The consensus estimate for Teck Resources' current full-year earnings is $1.91 per share. Raymond James also issued estimates for Teck Resources' Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.63 EPS.

Other equities research analysts also recently issued reports about the company. StockNews.com raised Teck Resources from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Scotiabank upped their price target on shares of Teck Resources from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, October 8th. Citigroup raised shares of Teck Resources to a "hold" rating in a report on Wednesday, October 2nd. Eight Capital downgraded shares of Teck Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from $57.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $65.29.

Teck Resources Stock Down 4.6 %

Shares of TECK traded down $2.34 during mid-day trading on Friday, reaching $48.72. The company had a trading volume of 3,519,732 shares, compared to its average volume of 3,401,649. Teck Resources has a 52 week low of $34.38 and a 52 week high of $55.13. 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 company has a market capitalization of $24.66 billion, a price-to-earnings ratio of 73.82 and a beta of 1.04. The firm has a 50-day moving average price of $48.66 and a 200 day moving average price of $48.75.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.24. The company had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.09 billion. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. Teck Resources's revenue was down 20.6% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS.

Institutional Investors Weigh In On Teck Resources

Several hedge funds and other institutional investors have recently made changes to their positions in TECK. AMF Tjanstepension AB grew its position in Teck Resources by 846.6% during the second quarter. AMF Tjanstepension AB now owns 4,383,031 shares of the basic materials company's stock valued at $210,034,000 after buying an additional 3,919,984 shares during the period. Asia Research & Capital Management Ltd bought a new stake in shares of Teck Resources during the 1st quarter valued at $158,976,000. Castle Hook Partners LP purchased a new stake in shares of Teck Resources in the 1st quarter worth $90,980,000. TD Asset Management Inc raised its holdings in Teck Resources by 49.0% in the 2nd quarter. TD Asset Management Inc now owns 4,950,816 shares of the basic materials company's stock worth $237,202,000 after purchasing an additional 1,629,149 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Teck Resources by 21.7% during the third quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company's stock valued at $388,507,000 after purchasing an additional 1,326,241 shares in the last quarter. Hedge funds and other 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.