Zacks Research Lifts Earnings Estimates for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for Teck Resources in a report issued on Tuesday, June 30th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $0.60 per share for the quarter, up from their previous estimate of $0.55. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $3.29 per share. Zacks Research also issued estimates for Teck Resources’ Q4 2026 earnings at $0.48 EPS and FY2026 earnings at $2.81 EPS.

A number of other brokerages have also issued reports on TECK. Weiss Ratings raised Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Scotiabank reissued a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. JPMorgan Chase & Co. lifted their price target on shares of Teck Resources from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Veritas cut shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Finally, TD Securities reiterated a “hold” rating on shares of Teck Resources in a research note on Friday, April 24th. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.17.

Teck Resources Price Performance

Shares of NYSE TECK opened at $59.53 on Wednesday. Teck Resources has a fifty-two week low of $30.98 and a fifty-two week high of $71.25. The business has a 50 day moving average price of $62.42 and a two-hundred day moving average price of $55.99. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13. The firm has a market cap of $28.70 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 3.48 and a beta of 0.89.

Teck Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 15th. Teck Resources’s payout ratio is currently 13.19%.

Institutional Trading of Teck Resources

Several institutional investors have recently added to or reduced their stakes in the business. Welch Group LLC raised its holdings in shares of Teck Resources by 3.5% during the fourth quarter. Welch Group LLC now owns 5,899 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 199 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Teck Resources by 117.4% in the 1st 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 period. Compound Planning Inc. grew its position in shares of Teck Resources by 1.0% during the 4th quarter. Compound Planning Inc. now owns 32,266 shares of the basic materials company’s stock valued at $1,545,000 after buying an additional 333 shares during the last quarter. 44 Wealth Management LLC grew its position in shares of Teck Resources by 1.3% during the 4th quarter. 44 Wealth Management LLC now owns 31,488 shares of the basic materials company’s stock valued at $1,508,000 after buying an additional 411 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Teck Resources by 5.5% during the 3rd quarter. NewEdge Advisors LLC now owns 8,635 shares of the basic materials company’s stock valued at $379,000 after buying an additional 452 shares during the last quarter. Institutional investors own 78.06% of the company’s stock.

About Teck Resources

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.