Q4 EPS Estimates for Teck Resources Lowered by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Research analysts at Paradigm Capital cut their Q4 2024 EPS estimates for Teck Resources in a note issued to investors on Wednesday, November 13th. Paradigm Capital analyst G. Lawson now forecasts that the basic materials company will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.61. Paradigm Capital currently has a “Moderate Buy” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.84 per share. Paradigm Capital also issued estimates for Teck Resources’ Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.48 EPS, Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.59 EPS, FY2026 earnings at $1.58 EPS, FY2027 earnings at $1.14 EPS and FY2028 earnings at $1.28 EPS.

Several other research firms have also issued reports on TECK. UBS Group lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. StockNews.com upgraded Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup upgraded Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank boosted their price target 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. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Teck Resources in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Teck Resources has an average rating of “Moderate Buy” and a consensus price target of $65.29.

Teck Resources Price Performance

NYSE:TECK opened at $46.27 on Monday. The company has a 50 day moving average price of $48.73 and a 200-day moving average price of $48.66. Teck Resources has a 1-year low of $35.25 and a 1-year high of $55.13. The firm has a market cap of $23.28 billion, a price-to-earnings ratio of 69.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.36 by $0.24. Teck Resources had a return on equity of 6.37% and a net margin of 3.32%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company earned $0.57 earnings per share. Teck Resources’s revenue for the quarter was down 20.6% compared to the same quarter last year.

Teck Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.0895 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, December 13th. Teck Resources’s dividend payout ratio is currently 56.06%.

Hedge Funds Weigh In On Teck Resources

Institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of Teck Resources in the 2nd quarter valued at $38,000. Eastern Bank acquired a new stake in Teck Resources in the third quarter valued at approximately $39,000. Bruce G. Allen Investments LLC lifted its position in shares of Teck Resources by 77.4% during 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 last quarter. Blue Trust Inc. lifted its holdings in Teck Resources by 583.1% during the 2nd quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company’s stock worth $48,000 after buying an additional 898 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Teck Resources by 69.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 409 shares in the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.

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.