Raymond James Lifts Earnings Estimates for Teck Resources

Teck Resources Ltd. (TSE:TCK) – Investment analysts at Raymond James lifted their Q4 2024 earnings estimates for shares of Teck Resources in a report issued on Wednesday, November 6th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.67 for the quarter, up from their prior forecast of $0.66. Raymond James also issued estimates for Teck Resources’ Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.53 EPS and FY2025 earnings at $2.27 EPS.

Several other equities research analysts have also recently issued reports on TCK. Citigroup upgraded shares of Teck Resources to a “hold” rating in a research report on Wednesday, October 2nd. TD Securities upgraded Teck Resources to a “strong-buy” rating in a report on Tuesday, July 16th. Paradigm Capital upgraded Teck Resources to a “moderate buy” rating in a research report on Friday, July 26th. UBS Group raised Teck Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Finally, BMO Capital Markets raised Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

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