FY2026 EPS Estimates for Teck Resources Raised by Scotiabank

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Equities researchers at Scotiabank upped their FY2026 earnings estimates for shares of Teck Resources in a research note issued to investors on Wednesday, July 29th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $4.59 per share for the year, up from their previous estimate of $4.18. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $3.45 per share. Scotiabank also issued estimates for Teck Resources’ FY2027 earnings at $3.11 EPS.

A number of other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Teck Resources in a research report on Tuesday, July 21st. Wall Street Zen lowered Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Raymond James Financial upgraded Teck Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, July 23rd. Finally, Veritas downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Teck Resources presently has a consensus rating of “Hold” and an average target price of $62.25.

Teck Resources Stock Performance

Shares of TECK opened at $57.55 on Thursday. The company has a 50-day simple moving average of $61.36 and a 200-day simple moving average of $57.72. The company has a quick ratio of 2.16, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $27.79 billion, a PE ratio of 15.60, a P/E/G ratio of 1.73 and a beta of 0.92. Teck Resources has a 52-week low of $30.98 and a 52-week high of $71.25.

Hedge Funds Weigh In On Teck Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Teck Resources during the fourth quarter worth about $404,880,000. Wellington Management Group LLP grew its position in shares of Teck Resources by 264.5% in the third quarter. Wellington Management Group LLP now owns 5,781,060 shares of the basic materials company’s stock valued at $253,695,000 after purchasing an additional 4,194,868 shares during the last quarter. Pentwater Capital Management LP grew its position in shares of Teck Resources by 124.1% in the fourth quarter. Pentwater Capital Management LP now owns 6,500,000 shares of the basic materials company’s stock valued at $311,285,000 after purchasing an additional 3,600,000 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Teck Resources during the 4th quarter worth approximately $169,999,000. Finally, Principal Financial Group Inc. increased its stake in shares of Teck Resources by 17.1% during the 1st quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company’s stock worth $1,139,051,000 after purchasing an additional 3,211,985 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Teck Resources’s dividend payout ratio is presently 9.76%.

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.