B. Riley Weighs in on Teck Resources FY2027 Earnings

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities researchers at B. Riley issued their FY2027 earnings per share (EPS) estimates for shares of Teck Resources in a report released on Friday, November 22nd. B. Riley analyst L. Pipes anticipates that the basic materials company will post earnings of $1.33 per share for the year. The consensus estimate for Teck Resources’ current full-year earnings is $1.86 per share.

Teck Resources (NYSE:TECK) (TSE:TECK) last released 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. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Teck Resources had a net margin of 3.32% and a return on equity of 6.37%. Teck Resources’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS.

TECK has been the subject of several other reports. Citigroup raised shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, November 11th. Scotiabank boosted their price objective 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, JPMorgan Chase & Co. cut their price objective on shares of Teck Resources from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.29.

Teck Resources Stock Down 1.7 %

TECK stock opened at $46.29 on Monday. Teck Resources has a one year low of $35.25 and a one year high of $55.13. The company has a 50 day moving average price of $48.90 and a two-hundred day moving average price of $48.53. The stock has a market capitalization of $23.29 billion, a P/E ratio of 70.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92.

Teck Resources Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Teck Resources in the 1st quarter valued at approximately $119,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Teck Resources by 12.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,896 shares of the basic materials company’s stock worth $270,000 after acquiring an additional 637 shares during the period. UniSuper Management Pty Ltd lifted its holdings in shares of Teck Resources by 91.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,500 shares of the basic materials company’s stock worth $298,000 after acquiring an additional 3,100 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Teck Resources during the 1st quarter worth about $783,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Teck Resources by 17.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,501,078 shares of the basic materials company’s stock worth $206,061,000 after acquiring an additional 662,383 shares during the period. Institutional investors 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.