National Bank Financial Comments on Teck Resources Limited’s FY2025 Earnings (NYSE:TECK)

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Equities researchers at National Bank Financial lifted their FY2025 EPS estimates for Teck Resources in a research report issued on Wednesday, July 24th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $1.85 per share for the year, up from their prior forecast of $1.80. The consensus estimate for Teck Resources’ current full-year earnings is $2.10 per share.

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, beating the consensus estimate of $0.47 by $0.32. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Teck Resources had a return on equity of 6.61% and a net margin of 9.40%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS.

Other analysts have also recently issued research reports about the stock. CIBC raised their price objective on shares of Teck Resources from $70.00 to $80.00 and gave the company an “outperformer” rating in a research note on Friday, July 12th. Morgan Stanley boosted their price target on Teck Resources from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. lowered their price target on Teck Resources from $56.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Teck Resources in a report on Thursday. Finally, BMO Capital Markets initiated coverage on Teck Resources in a report on Monday, July 15th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.50.

Teck Resources Stock Up 1.2 %

Shares of Teck Resources stock opened at $45.69 on Friday. The company has a market cap of $23.34 billion, a P/E ratio of 20.22, a PEG ratio of 10.40 and a beta of 1.05. The firm has a fifty day moving average of $49.32 and a two-hundred day moving average of $45.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.49. Teck Resources has a one year low of $34.38 and a one year high of $55.13.

Teck Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.625 dividend. This is an increase from Teck Resources’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, September 13th. This represents a $2.50 annualized dividend and a yield of 5.47%. Teck Resources’s payout ratio is presently 16.37%.

Institutional Investors Weigh In On Teck Resources

Several hedge funds have recently modified their holdings of TECK. First Hawaiian Bank boosted its position in Teck Resources by 6.0% during the first quarter. First Hawaiian Bank now owns 5,552 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 313 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in shares of Teck Resources by 3.8% during the second quarter. Cigna Investments Inc. New now owns 8,762 shares of the basic materials company’s stock worth $420,000 after purchasing an additional 317 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Teck Resources by 3.3% in the first quarter. Verdence Capital Advisors LLC now owns 10,981 shares of the basic materials company’s stock valued at $503,000 after purchasing an additional 353 shares during the period. Hexagon Capital Partners LLC increased its stake in Teck Resources by 143.0% in the first quarter. Hexagon Capital Partners LLC now owns 656 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 386 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in Teck Resources by 81.9% during the fourth quarter. Optiver Holding B.V. now owns 973 shares of the basic materials company’s stock worth $41,000 after buying an additional 438 shares during the period. 78.06% of the stock is owned by institutional investors and hedge funds.

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.