Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Equities researchers at B. Riley issued their FY2021 earnings per share estimates for Teck Resources in a report released on Thursday, December 6th. B. Riley analyst L. Pipes forecasts that the basic materials company will post earnings per share of $2.05 for the year. B. Riley also issued estimates for Teck Resources’ FY2022 earnings at $2.26 EPS.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings results on Wednesday, October 24th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.11). Teck Resources had a return on equity of 12.31% and a net margin of 27.35%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.40 billion.

TECK has been the subject of several other research reports. Deutsche Bank set a $34.00 price objective on shares of Teck Resources and gave the company a “buy” rating in a research note on Saturday, September 22nd. Raymond James reiterated a “buy” rating on shares of Teck Resources in a research note on Wednesday. ValuEngine lowered shares of Teck Resources from a “sell” rating to a “strong sell” rating in a research note on Monday, August 20th. Seaport Global Securities upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, October 15th. Finally, Goldman Sachs Group reiterated a “hold” rating on shares of Teck Resources in a research note on Sunday, October 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Teck Resources currently has a consensus rating of “Buy” and an average target price of $31.43.

Teck Resources stock opened at $21.45 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.30 and a quick ratio of 1.39. Teck Resources has a 52-week low of $18.17 and a 52-week high of $30.80. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 0.61 and a beta of 1.60.

A number of hedge funds have recently made changes to their positions in TECK. Capital World Investors bought a new stake in Teck Resources during the 3rd quarter valued at $513,470,000. Janus Henderson Group PLC increased its stake in Teck Resources by 452.2% during the 2nd quarter. Janus Henderson Group PLC now owns 7,561,492 shares of the basic materials company’s stock valued at $192,508,000 after purchasing an additional 6,192,051 shares in the last quarter. Impala Asset Management LLC increased its stake in Teck Resources by 16.3% during the 3rd quarter. Impala Asset Management LLC now owns 15,107,521 shares of the basic materials company’s stock valued at $364,092,000 after purchasing an additional 2,119,601 shares in the last quarter. Covalis Capital LLP increased its stake in Teck Resources by 504.7% during the 2nd quarter. Covalis Capital LLP now owns 1,679,203 shares of the basic materials company’s stock valued at $42,736,000 after purchasing an additional 1,401,503 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Teck Resources by 83.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,410,538 shares of the basic materials company’s stock valued at $61,803,000 after purchasing an additional 1,096,126 shares in the last quarter. Institutional investors and hedge funds own 53.46% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.15 dividend on an annualized basis and a yield of 0.71%. Teck Resources’s dividend payout ratio (DPR) is presently 4.37%.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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Earnings History and Estimates for Teck Resources (NYSE:TECK)

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