Teck Resources Ltd. (TCK) Forecasted to Earn FY2018 Earnings of $4.65 Per Share
Teck Resources Ltd. (TSE:TCK) – Investment analysts at National Bank Financial increased their FY2018 earnings estimates for shares of Teck Resources in a report released on Tuesday, December 4th. National Bank Financial analyst S. Nagle now expects that the company will earn $4.65 per share for the year, up from their prior forecast of $4.54. National Bank Financial also issued estimates for Teck Resources’ FY2019 earnings at $4.23 EPS and FY2020 earnings at $3.48 EPS.
Other research analysts have also recently issued research reports about the stock. MKM Partners restated a “buy” rating on shares of Teck Resources in a report on Friday, October 19th. Seaport Global Securities upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating in a report on Monday, October 15th.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of ∞. The ex-dividend date is Thursday, December 13th.
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