B. Riley Weighs in on Teck Resources Ltd.’s Q4 2024 Earnings (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) – Investment analysts at B. Riley increased their Q4 2024 earnings per share (EPS) estimates for shares of Teck Resources in a research report issued to clients and investors on Tuesday, October 1st. B. Riley analyst L. Pipes now expects that the company will earn $0.39 per share for the quarter, up from their prior estimate of $0.37. B. Riley also issued estimates for Teck Resources’ FY2025 earnings at $1.67 EPS and FY2026 earnings at $1.38 EPS.

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

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

Teck Resources Price Performance

Teck Resources Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of ∞.