Teck Resources Limited (NYSE:TECK – Get Rating) (TSE:TECK) – Analysts at Jefferies Financial Group issued their Q3 2022 EPS estimates for Teck Resources in a research report issued to clients and investors on Tuesday, September 27th. Jefferies Financial Group analyst C. Lafemina anticipates that the basic materials company will post earnings of $1.60 per share for the quarter. Jefferies Financial Group currently has a "Buy" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $6.88 per share. Jefferies Financial Group also issued estimates for Teck Resources' Q4 2022 earnings at $1.41 EPS, FY2022 earnings at $7.67 EPS, FY2023 earnings at $5.61 EPS, FY2024 earnings at $7.04 EPS, FY2025 earnings at $6.67 EPS and FY2026 earnings at $6.05 EPS.

Teck Resources (NYSE:TECK – Get Rating) (TSE:TECK) last released its quarterly earnings data on Tuesday, July 26th. The basic materials company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.32 by $0.23. Teck Resources had a net margin of 28.90% and a return on equity of 23.73%. The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The company's quarterly revenue was up 126.2% on a year-over-year basis.

Teck Resources Price Performance

NYSE:TECK opened at $30.41 on Friday. Teck Resources has a one year low of $24.11 and a one year high of $45.90. The company has a market cap of $15.87 billion, a P/E ratio of 3.78, a P/E/G ratio of 1.02 and a beta of 1.09. The firm's fifty day moving average price is $32.00 and its two-hundred day moving average price is $35.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.82 and a quick ratio of 1.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dodge & Cox raised its holdings in Teck Resources by 3.6% in the 4th quarter. Dodge & Cox now owns 24,098,340 shares of the basic materials company's stock valued at $694,514,000 after buying an additional 829,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in Teck Resources by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,801,956 shares of the basic materials company's stock valued at $597,851,000 after buying an additional 318,294 shares during the last quarter. Soroban Capital Partners LP bought a new position in Teck Resources in the 4th quarter valued at approximately $318,590,000. Egerton Capital UK LLP raised its holdings in Teck Resources by 274.3% in the 2nd quarter. Egerton Capital UK LLP now owns 10,301,465 shares of the basic materials company's stock valued at $314,916,000 after buying an additional 7,549,057 shares during the last quarter. Finally, FMR LLC raised its holdings in Teck Resources by 594.7% in the 2nd quarter. FMR LLC now owns 9,630,011 shares of the basic materials company's stock valued at $294,466,000 after buying an additional 8,243,806 shares during the last quarter. Institutional investors own 55.01% of the company's stock.

Teck Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were issued a $0.097 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.28%. Teck Resources's dividend payout ratio (DPR) is currently 4.72%.

Teck Resources Company Profile

(Get Rating)

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company's principal products include copper, zinc, steelmaking coal, and blended bitumen.

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