Zacks Research Boosts Earnings Estimates for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Investment analysts at Zacks Research boosted their FY2026 earnings per share estimates for shares of Teck Resources in a report released on Friday, September 25th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $3.74 for the year, up from their prior estimate of $3.44. The consensus estimate for Teck Resources’ current full-year earnings is $4.07 per share. Zacks Research also issued estimates for Teck Resources’ Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $0.63 EPS, Q3 2027 earnings at $0.66 EPS and FY2027 earnings at $2.48 EPS.

TECK has been the topic of several other research reports. Veritas cut shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Raymond James Financial raised shares of Teck Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, July 23rd. Scotiabank restated a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Teck Resources from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.25.

Teck Resources Price Performance

NYSE TECK opened at $65.02 on Monday. Teck Resources has a one year low of $38.00 and a one year high of $72.56. The stock has a 50-day moving average of $65.51 and a 200 day moving average of $61.10. The company has a market capitalization of $31.40 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.33 and a current ratio of 3.12.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.40. Teck Resources had a return on equity of 10.42% and a net margin of 17.85%.The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue was up 78.2% on a year-over-year basis.

Teck Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a C$0.12 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 15th. Teck Resources’s dividend payout ratio is 9.76%.

Hedge Funds Weigh In On Teck Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its holdings in Teck Resources by 117.4% during the first quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock valued at $29,000 after buying an additional 303 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Teck Resources by 411.8% in the 1st quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 453 shares in the last quarter. Versant Capital Management Inc raised its holdings in Teck Resources by 86.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,587 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 736 shares during the period. Oslo Pensjonsforsikring AS bought a new position in Teck Resources in the 1st quarter worth $83,000. Finally, EverSource Wealth Advisors LLC lifted its position in Teck Resources by 52.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,987 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 1,026 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

About Teck Resources

Teck Resources Limited is a Canadian mining and metals company focused primarily on the exploration, development and production of base metals. Its principal products include copper, zinc and lead, along with associated by-products such as molybdenum, silver and germanium. Copper is an increasingly important part of Teck’s business as the metal is used in electrical infrastructure, renewable energy systems, transportation and industrial applications.

Teck operates and develops mining assets in Canada, Chile and Peru.