Stifel Canada Expects Weaker Earnings for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Investment analysts at Stifel Canada decreased their Q1 2026 earnings per share estimates for shares of Teck Resources in a report released on Tuesday, September 9th. Stifel Canada analyst R. Profiti now forecasts that the basic materials company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.38. Stifel Canada currently has a “Hold” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $1.53 per share. Stifel Canada also issued estimates for Teck Resources’ Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.40 EPS, FY2026 earnings at $1.39 EPS, FY2027 earnings at $1.13 EPS, FY2028 earnings at $0.96 EPS and FY2029 earnings at $1.16 EPS.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. Teck Resources had a net margin of 2.51% and a return on equity of 3.91%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue was up 12.3% compared to the same quarter last year.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $41.00 price objective (down previously from $46.00) on shares of Teck Resources in a report on Friday, July 25th. Desjardins downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Benchmark dropped their price objective on shares of Teck Resources from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, July 28th. Scotiabank restated an “outperform” rating on shares of Teck Resources in a report on Wednesday. Finally, B. Riley cut shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Teck Resources presently has an average rating of “Moderate Buy” and an average target price of $56.88.

Teck Resources Stock Performance

NYSE:TECK opened at $40.53 on Thursday. The firm’s 50-day moving average is $34.98 and its 200-day moving average is $36.50. Teck Resources has a 52-week low of $28.32 and a 52-week high of $54.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.45 and a current ratio of 3.47. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 106.66, a PEG ratio of 0.60 and a beta of 0.78.

Hedge Funds Weigh In On Teck Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new position in Teck Resources in the second quarter valued at about $232,000. Marex Group plc acquired a new position in shares of Teck Resources during the second quarter worth approximately $6,070,000. Evergreen Capital Management LLC acquired a new position in shares of Teck Resources during the second quarter worth approximately $208,000. Headlands Technologies LLC lifted its position in shares of Teck Resources by 121.7% during the second quarter. Headlands Technologies LLC now owns 33,659 shares of the basic materials company’s stock worth $1,359,000 after purchasing an additional 18,474 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Teck Resources by 22.4% during the second quarter. CANADA LIFE ASSURANCE Co now owns 311,346 shares of the basic materials company’s stock worth $12,574,000 after purchasing an additional 56,940 shares in the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Teck Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a $0.0918 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.9%. This is a boost from Teck Resources’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, September 15th. Teck Resources’s dividend payout ratio (DPR) is presently 94.74%.

About Teck Resources

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