Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Stock analysts at Raymond James decreased their Q4 2024 earnings per share estimates for shares of Teck Resources in a note issued to investors on Tuesday, January 21st. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.30 for the quarter, down from their prior estimate of $0.48. Raymond James currently has a "Outperform" rating and a $70.00 price target on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.69 per share. Raymond James also issued estimates for Teck Resources' Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.42 EPS and FY2025 earnings at $1.56 EPS.
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Scotiabank raised their price objective on shares of Teck Resources from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a report on Tuesday, October 8th. StockNews.com upgraded Teck Resources from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. UBS Group cut Teck Resources from a "buy" rating to a "neutral" rating in a research note on Monday, November 11th. Finally, Citigroup upgraded Teck Resources to a "hold" rating in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $65.38.
Get Our Latest Analysis on Teck Resources
Teck Resources Trading Up 0.1 %
Shares of TECK traded up $0.04 during trading hours on Friday, hitting $43.39. The company had a trading volume of 2,170,034 shares, compared to its average volume of 2,731,942. Teck Resources has a 52-week low of $36.50 and a 52-week high of $55.13. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average price is $43.49 and its 200 day moving average price is $46.44. The firm has a market cap of $21.64 billion, a P/E ratio of 65.74 and a beta of 1.05.
Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its earnings results on Thursday, October 24th. The basic materials company reported $0.60 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter last year, the company earned $0.57 EPS. The firm's revenue was down 20.6% compared to the same quarter last year.
Teck Resources Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.0895 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Teck Resources's dividend payout ratio (DPR) is currently 53.03%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of TECK. Global Trust Asset Management LLC purchased a new position in shares of Teck Resources in the 4th quarter worth $27,000. Eastern Bank bought a new stake in shares of Teck Resources during the 3rd quarter valued at about $39,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Teck Resources during the 3rd quarter valued at about $40,000. Bruce G. Allen Investments LLC lifted its stake in shares of Teck Resources by 77.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company's stock worth $46,000 after purchasing an additional 383 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Teck Resources by 69.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company's stock valued at $52,000 after buying an additional 409 shares during the period. Hedge funds and other institutional investors own 78.06% of the company's stock.
Teck Resources Company Profile
(
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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.
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