Teck Resources Q4 EPS Estimate Lowered by Paradigm Capital

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities researchers at Paradigm Capital reduced their Q4 2024 earnings per share (EPS) estimates for shares of Teck Resources in a note issued to investors on Wednesday, November 13th. Paradigm Capital analyst G. Lawson now expects that the basic materials company will earn $0.58 per share for the quarter, down from their prior estimate 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.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.60 earnings per share 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 business 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 company’s revenue for the quarter was down 20.6% compared to the same quarter last year.

A number of other equities research analysts have also recently weighed in on the stock. UBS Group cut shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Friday, October 25th. Citigroup raised Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Teck Resources in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.29.

Teck Resources Stock Down 0.9 %

TECK opened at $44.99 on Monday. The stock’s 50 day moving average price is $48.73 and its 200 day moving average price is $48.66. 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 stock has a market cap of $22.63 billion, a P/E ratio of 68.17 and a beta of 1.04. Teck Resources has a 12 month low of $34.56 and a 12 month high of $55.13.

Teck Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.0895 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, December 13th. Teck Resources’s dividend payout ratio (DPR) is presently 56.06%.

Institutional Trading of Teck Resources

A number of institutional investors and hedge funds have recently made changes to their positions in TECK. Vanguard Group Inc. boosted its holdings in shares of Teck Resources by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 16,721,130 shares of the basic materials company’s stock worth $765,493,000 after buying an additional 290,034 shares during the period. Janus Henderson Group PLC grew its holdings in Teck Resources by 2.4% in the 1st quarter. Janus Henderson Group PLC now owns 8,604,605 shares of the basic materials company’s stock valued at $394,178,000 after buying an additional 203,607 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Teck Resources by 21.7% during the third quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company’s stock worth $388,507,000 after buying an additional 1,326,241 shares during the last quarter. CIBC Asset Management Inc increased its position in Teck Resources by 2.6% during the third quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock worth $341,337,000 after acquiring an additional 165,759 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Teck Resources by 10.3% during the second quarter. Mackenzie Financial Corp now owns 5,855,836 shares of the basic materials company’s stock valued at $280,655,000 after acquiring an additional 546,801 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

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.