Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Equities researchers at Raymond James cut their Q1 2025 earnings per share (EPS) estimates for shares of Teck Resources in a research note issued to investors on Tuesday, April 1st. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.32. Raymond James currently has a "Outperform" rating and a $70.00 target price on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. Raymond James also issued estimates for Teck Resources' Q2 2025 earnings at $0.29 EPS.
Other equities analysts have also recently issued research reports about the stock. National Bank Financial cut shares of Teck Resources from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on Teck Resources from $55.00 to $51.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Bank of America boosted their price objective on shares of Teck Resources from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Monday, March 10th. Desjardins assumed coverage on shares of Teck Resources in a research report on Friday. They set a "buy" rating for the company. Finally, National Bankshares reissued a "sector perform" rating on shares of Teck Resources in a research report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Teck Resources presently has a consensus rating of "Moderate Buy" and an average target price of $65.22.
View Our Latest Stock Analysis on Teck Resources
Teck Resources Price Performance
Shares of TECK traded down $0.57 during trading hours on Thursday, reaching $29.77. The company had a trading volume of 2,164,023 shares, compared to its average volume of 3,478,318. The firm has a 50 day simple moving average of $40.48 and a 200-day simple moving average of $44.10. Teck Resources has a 12-month low of $28.35 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 $14.73 billion, a price-to-earnings ratio of 54.08 and a beta of 0.81.
Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.58 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%.
Teck Resources Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.0879 per share. The ex-dividend date was Friday, March 14th. This represents a $0.35 annualized dividend and a dividend yield of 1.18%. Teck Resources's dividend payout ratio is currently 61.82%.
Institutional Trading of Teck Resources
Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Teck Resources by 21.7% in 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 during the period. Polar Asset Management Partners Inc. bought a new position in Teck Resources in the 3rd quarter worth approximately $825,000. Point72 Italy S.r.l. acquired a new stake in Teck Resources in the 3rd quarter valued at approximately $2,419,000. Quantinno Capital Management LP raised its stake in Teck Resources by 47.2% during the 3rd quarter. Quantinno Capital Management LP now owns 15,634 shares of the basic materials company's stock valued at $817,000 after acquiring an additional 5,011 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Teck Resources by 9.9% during the 3rd quarter. Stifel Financial Corp now owns 205,325 shares of the basic materials company's stock worth $10,726,000 after acquiring an additional 18,433 shares during the period. 78.06% of the stock is currently owned by institutional investors.
About Teck Resources
(
Get Free Report)
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.
Further Reading
Before you consider Teck Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Teck Resources wasn't on the list.
While Teck Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
