National Bank Financial Equities Analysts Lower Earnings Estimates for Teck Resources Ltd. (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) – Investment analysts at National Bank Financial cut their Q3 2024 earnings per share (EPS) estimates for shares of Teck Resources in a research note issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.63 per share for the quarter, down from their previous estimate of $0.65.

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

Several other research analysts have also recently weighed in on TCK. TD Securities upgraded shares of Teck Resources to a “strong-buy” rating in a report on Tuesday, July 16th. Eight Capital cut shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 11th. Citigroup raised shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group raised shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Finally, Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Teck Resources Price Performance