Research Analysts Offer Predictions for Teck Resources Ltd.’s FY2024 Earnings (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) – Equities researchers at Raymond James raised their FY2024 earnings per share estimates for Teck Resources in a research note issued on Monday, September 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $2.59 for the year, up from their previous estimate of $2.52. Raymond James also issued estimates for Teck Resources’ Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.50 EPS and FY2025 earnings at $2.17 EPS.

Teck Resources (TSE:TCK) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$0.79 EPS for the quarter, topping the consensus estimate of C$0.64 by C$0.15. The firm had revenue of C$3.87 billion for the quarter, compared to analysts’ expectations of C$3.98 billion.

A number of other analysts have also recently commented on TCK. BMO Capital Markets upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. TD Securities raised Teck Resources to a “strong-buy” rating in a report on Tuesday, July 16th. Eight Capital lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, UBS Group raised Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Teck Resources Price Performance

Teck Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of ∞.