Teck Resources Ltd. Forecasted to Post Q2 2023 Earnings of $1.19 Per Share (TSE:TCK)

Teck Resources Ltd. (TSE:TCK – Free Report) – Equities research analysts at B. Riley upped their Q2 2023 earnings per share estimates for Teck Resources in a research note issued on Tuesday, July 11th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of $1.19 for the quarter, up from their previous forecast of $1.11. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Teck Resources’ Q3 2023 earnings at $1.45 EPS.

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Separately, Scotiabank restated a “sector outperform” rating on shares of Teck Resources in a report on Thursday, April 13th.

Teck Resources Price Performance

Teck Resources (TSE:TCK – Get Free Report) last announced its earnings results on Wednesday, April 26th. The company reported C$1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.80 by C($0.02). The business had revenue of C$3.79 billion for the quarter, compared to the consensus estimate of C$4 billion.

Teck Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 14th. This represents a $0.50 annualized dividend and a dividend yield of ∞.

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