Analysts Set Expectations for Teck Resources Limited’s Q4 2024 Earnings (NYSE:TECK)

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities research analysts at Raymond James raised their Q4 2024 earnings per share estimates for Teck Resources in a note issued to investors on Thursday, September 26th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.56 for the quarter, up from their previous estimate of $0.53. The consensus estimate for Teck Resources’ current full-year earnings is $1.98 per share. Raymond James also issued estimates for Teck Resources’ Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.39 EPS and FY2025 earnings at $1.67 EPS.

TECK has been the subject of a number of other research reports. Eight Capital lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 11th. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a research note on Friday, July 26th. TD Securities upgraded Teck Resources to a “strong-buy” rating in a report on Tuesday, July 16th. UBS Group upgraded Teck Resources from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Wednesday, September 4th. Finally, BMO Capital Markets assumed coverage on Teck Resources in a report on Monday, July 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.00.

Teck Resources Trading Down 0.7 %

NYSE TECK opened at $51.87 on Monday. Teck Resources has a 1-year low of $34.38 and a 1-year high of $55.13. The company has a current ratio of 1.48, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $47.29 and a 200-day moving average of $48.12. The firm has a market cap of $26.54 billion, a PE ratio of 22.95 and a beta of 1.01.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.32. Teck Resources had a return on equity of 6.52% and a net margin of 9.40%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its position in shares of Teck Resources by 143.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 656 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 386 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of Teck Resources in the 4th quarter worth approximately $35,000. Headlands Technologies LLC bought a new stake in shares of Teck Resources in the 2nd quarter worth approximately $38,000. Optiver Holding B.V. boosted its position in shares of Teck Resources by 81.9% in the 4th quarter. Optiver Holding B.V. now owns 973 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 438 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Teck Resources by 583.1% in the 2nd quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 898 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.625 per share. This is an increase from Teck Resources’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 4.82%. Teck Resources’s dividend payout ratio is 16.37%.

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.