Zacks Research Expects Higher Earnings for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Equities research analysts at Zacks Research boosted their Q3 2026 EPS estimates for Teck Resources in a research report issued to clients and investors on Friday, September 25th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.51. The consensus estimate for Teck Resources’ current full-year earnings is $4.07 per share. Zacks Research also issued estimates for Teck Resources’ Q4 2026 earnings at $0.49 EPS and Q4 2027 earnings at $0.49 EPS.

A number of other equities analysts have also commented on TECK. Scotiabank restated a “sector perform” rating on shares of Teck Resources in a research note on Monday, June 15th. Weiss Ratings upgraded Teck Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Veritas lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Wall Street Zen downgraded Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Teck Resources from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Six investment 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 company presently has an average rating of “Hold” and an average target price of $62.25.

Teck Resources Stock Up 1.5%

NYSE TECK opened at $65.86 on Tuesday. The company has a current ratio of 3.12, a quick ratio of 2.33 and a debt-to-equity ratio of 0.12. The company has a market cap of $31.82 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.99 and a beta of 0.94. The company has a 50 day moving average of $65.84 and a 200-day moving average of $61.28. Teck Resources has a 1-year low of $38.00 and a 1-year high of $72.56.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings data 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 net margin of 17.85% and a return on equity of 10.42%. The business 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 company earned $0.38 EPS. The business’s revenue was up 78.2% on a year-over-year basis.

Institutional Trading of Teck Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Teck Resources by 17.1% during the first quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company’s stock valued at $1,139,051,000 after purchasing an additional 3,211,985 shares in the last quarter. Hancock Prospecting Pty Ltd raised its holdings in Teck Resources by 31.7% in the 4th quarter. Hancock Prospecting Pty Ltd now owns 10,298,293 shares of the basic materials company’s stock valued at $493,185,000 after buying an additional 2,477,344 shares during the last quarter. Norges Bank acquired a new stake in Teck Resources during the 4th quarter worth approximately $404,880,000. Goldman Sachs Group Inc. grew its holdings in Teck Resources by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,939,413 shares of the basic materials company’s stock worth $380,218,000 after acquiring an additional 836,879 shares during the last quarter. Finally, HBK Investments L P grew its holdings in Teck Resources by 264.2% during the 2nd quarter. HBK Investments L P now owns 5,773,121 shares of the basic materials company’s stock worth $343,270,000 after acquiring an additional 4,188,029 shares during the last quarter. Institutional investors own 78.06% of the company’s stock.

Teck Resources Dividend Announcement

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

Teck Resources Company Profile

Teck Resources Limited is a Canadian mining and metals company headquartered in Vancouver, British Columbia. The company focuses primarily on the exploration, development and production of copper and zinc, which are used in construction, infrastructure, manufacturing and the global energy transition.

Teck’s copper operations include the Highland Valley Copper mine in British Columbia, the Carmen de Andacollo mine in Chile and the Quebrada Blanca operation in northern Chile. Its zinc business includes the Red Dog mine in Alaska, one of the world’s significant zinc-producing operations.