FY2024 EPS Forecast for Teck Resources Boosted by Analyst

Teck Resources Ltd. (TSE:TCK) – Equities researchers at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Teck Resources in a research note issued to investors on Tuesday, January 21st. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $2.34 per share for the year, up from their previous forecast of $2.25. National Bank Financial currently has a “Hold” rating on the stock. National Bank Financial also issued estimates for Teck Resources’ FY2026 earnings at $1.92 EPS, FY2027 earnings at $1.57 EPS and FY2028 earnings at $0.94 EPS.

Teck Resources (TSE:TCK) last issued its quarterly earnings data on Thursday, October 24th. The company reported C$0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.49 by C$0.11. During the same quarter in the previous year, the business earned $0.76 earnings per share.

Several other research analysts have also recently commented on TCK. UBS Group cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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