Research Analysts Set Expectations for Teck Resources Ltd.’s Q4 2024 Earnings (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) – Equities research analysts at Raymond James upped their Q4 2024 earnings per share estimates for Teck Resources in a research report issued to clients and investors on Thursday, September 26th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.75 per share for the quarter, up from their prior estimate of $0.72. Raymond James also issued estimates for Teck Resources’ Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.53 EPS and FY2025 earnings at $2.25 EPS.

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

Teck Resources Stock Performance

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

Teck Resources Dividend Announcement

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