Zacks Research Forecasts Higher Earnings for Teck Resources

On February 19, 2025, analysts from Zacks Research announced an increase in their earnings per share (EPS) estimates for Teck Resources Limited (NYSE:TECK). The updated estimate for the first quarter of 2025 is now $0.19 per share, which is an increase from their previous estimate of $0.18 per share. Currently, the consensus estimate for Teck's earnings for the full year stands at $1.53 per share. Additionally, Zacks Research set new expectations for the second quarter of 2025 at $0.25 EPS, and for the fiscal year 2025 at $1.15 EPS.

Teck Resources released its latest quarterly earnings results on February 20, 2025. The company reported earnings of $0.33 per share, surpassing analysts' predictions of $0.26 by $0.07. The firm recorded revenues of $1.99 billion for the quarter, which fell short of the expected $2.58 billion. Teck Resources had a net margin of 2.96% and a return on equity of 4.59% during this period.

Analyst Ratings and Stock Performance

A few other financial analysts have recently updated their views on Teck Resources. UBS Group downgraded the stock from a “buy” rating to a “neutral” rating on November 11, 2024. On January 16, 2025, JPMorgan Chase & Co. reduced its price target for the company from $55.00 to $51.00 while maintaining an “overweight” rating. National Bank Financial also downgraded the stock from “outperform” to “sector perform” on December 10, 2024. Meanwhile, Raymond James adjusted their price target down from $75.00 to $70.00 while keeping an “outperform” rating. The overall consensus among analysts is a “Moderate Buy,” with an average price target of $65.38 according to MarketBeat.com.

Current Stock Performance

On February 24, 2025, Teck Resources' stock opened at $41.12. The company has experienced a 52-week low of $37.30 and a high of $55.13. Key financial ratios for Teck Resources include a debt-to-equity ratio of 0.16, a quick ratio of 2.35, and a current ratio of 2.92. The market capitalization of Teck Resources stands at approximately $20.51 billion, with a price-to-earnings (P/E) ratio of 74.76 and a beta of 1.02. Furthermore, the fifty-day moving average is $41.95, while the 200-day average is $45.73.

Institutional Investment

In recent months, various hedge funds and institutional investors have modified their positions in Teck Resources. Vanguard Group Inc. increased its stake by 0.3% during the last quarter, now owning 19,316,132 shares valued at $783,153,000. Amundi raised its stake by 5.6%, bringing its total ownership to 14,949,233 shares valued at $619,765,000. Norges Bank entered a new position worth approximately $470,101,000, and Invesco Ltd. increased its stake by 4.7% as well. Overall, institutional investors own 78.06% of Teck Resources' stock.

Recent Dividend Announcement

The company has recently announced a quarterly dividend to be paid on March 31, 2025. Stockholders on record as of March 14 will receive a dividend of $0.0879 per share, which annualizes to $0.35 and yields 0.86%. The ex-dividend date is also March 14, 2025. Teck Resources shows a dividend payout ratio of 63.64%.

About Teck Resources Limited

Teck Resources Limited is engaged in exploring, acquiring, developing, and producing natural resources across Asia, Europe, and North America. The company operates in several segments: Steelmaking Coal, Copper, Zinc, and Energy, focusing on products like copper, zinc, steelmaking coal, and blended bitumen.

Earnings, Forecast, Finance