Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Investment analysts at B. Riley increased their Q2 2025 earnings estimates for shares of Teck Resources in a report released on Tuesday, April 15th. B. Riley analyst N. Giles now expects that the basic materials company will earn $0.40 per share for the quarter, up from their prior forecast of $0.38. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. B. Riley also issued estimates for Teck Resources' Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.52 EPS and FY2025 earnings at $1.68 EPS.
Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.58 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%.
TECK has been the subject of a number of other reports. Veritas upgraded shares of Teck Resources to a "hold" rating in a research note on Friday, April 11th. Desjardins assumed coverage on Teck Resources in a research report on Friday, April 4th. They issued a "buy" rating on the stock. BMO Capital Markets began coverage on Teck Resources in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. National Bankshares reaffirmed a "sector perform" rating on shares of Teck Resources in a report on Wednesday, April 2nd. Finally, Raymond James cut their price target on Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given 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 target price of $64.11.
Check Out Our Latest Stock Report on Teck Resources
Teck Resources Stock Performance
TECK traded up $1.65 on Thursday, hitting $34.38. The company had a trading volume of 1,248,806 shares, compared to its average volume of 3,173,916. Teck Resources has a 1-year low of $28.32 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 company's fifty day moving average price is $38.21 and its 200 day moving average price is $42.56. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 62.50 and a beta of 0.81.
Teck Resources Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.0879 per share. The ex-dividend date was Friday, March 14th. This represents a $0.35 annualized dividend and a yield of 1.02%. Teck Resources's dividend payout ratio is 61.82%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Teck Resources in the fourth quarter worth $470,101,000. Swedbank AB bought a new position in shares of Teck Resources in the fourth quarter valued at about $103,878,000. Arrowstreet Capital Limited Partnership acquired a new position in Teck Resources during the 4th quarter worth about $65,197,000. AMF Tjanstepension AB grew its holdings in Teck Resources by 32.2% during the 4th quarter. AMF Tjanstepension AB now owns 6,020,023 shares of the basic materials company's stock worth $244,252,000 after acquiring an additional 1,467,516 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Teck Resources by 21.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company's stock worth $388,507,000 after acquiring an additional 1,326,241 shares during the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.
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.
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