Teck Resources (NYSE:TECK) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Teck Resources (NYSE:TECK) (TSE:TECK) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks.com reports. Zacks Research also issued estimates for Teck Resources’ Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.49 EPS, Q3 2026 earnings at $0.59 EPS, Q4 2026 earnings at $0.51 EPS, FY2026 earnings at $2.09 EPS, Q1 2027 earnings at $0.47 EPS, Q2 2027 earnings at $0.49 EPS, Q3 2027 earnings at $0.69 EPS, Q4 2027 earnings at $0.69 EPS and FY2027 earnings at $2.34 EPS.

Several other brokerages have also commented on TECK. Benchmark lifted their price objective on Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. TD Securities reaffirmed a “hold” rating on shares of Teck Resources in a report on Monday, February 23rd. Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a report on Tuesday, April 14th. Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Finally, Veritas raised Teck Resources from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.67.

Teck Resources Stock Performance

Shares of TECK opened at $60.74 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.54 and a quick ratio of 1.91. Teck Resources has a one year low of $30.98 and a one year high of $63.27. The firm has a market capitalization of $29.27 billion, a P/E ratio of 30.07, a PEG ratio of 3.11 and a beta of 0.85. The business has a fifty day moving average of $54.56 and a 200 day moving average of $49.38.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.59 by $0.39. Teck Resources had a return on equity of 5.90% and a net margin of 12.98%.The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. Teck Resources’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teck Resources will post 2.59 EPS for the current year.

Teck Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Teck Resources’s payout ratio is currently 18.32%.

Institutional Trading of Teck Resources

Several hedge funds have recently bought and sold shares of the stock. Louisbourg Investments Inc. grew its holdings in Teck Resources by 10.3% during the first quarter. Louisbourg Investments Inc. now owns 175,850 shares of the basic materials company’s stock valued at $9,096,000 after purchasing an additional 16,388 shares during the period. Union Bancaire Privee UBP SA grew its holdings in Teck Resources by 36.2% during the first quarter. Union Bancaire Privee UBP SA now owns 32,096 shares of the basic materials company’s stock valued at $1,661,000 after purchasing an additional 8,536 shares during the period. Welch Group LLC grew its holdings in Teck Resources by 6.2% during the first quarter. Welch Group LLC now owns 6,266 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 367 shares during the period. Blue Trust Inc. grew its holdings in Teck Resources by 411.8% during the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 453 shares during the period. Finally, Banque Cantonale Vaudoise grew its holdings in Teck Resources by 33.3% during the first quarter. Banque Cantonale Vaudoise now owns 5,200 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 78.06% of the company’s stock.

Key Teck Resources News

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: Q1 results beat expectations — Teck reported stronger-than-expected Q1 earnings and record copper sales, which is the main positive catalyst supporting the share gain. Teck Reports Unaudited First Quarter Results for 2026
• Positive Sentiment: Analysts/estimate upgrades and coverage note the beat — multiple outlets and analysts raised forecasts after the earnings beat, supporting upward revisions to FY26 EPS expectations. Teck Beats Q1 Estimates (Zacks)
• Positive Sentiment: Dividend declared — the Board set a $0.125/share quarterly dividend (ex-dividend record June 15; pay June 30), a small cash return that can support sentiment. Teck Announces Dividend
• Positive Sentiment: Index support possible — S&P is considering a rule change that could keep Teck in Canadian benchmarks after the Anglo merger, which would reduce index-related selling risk. S&P Mulls Rule Change (Globe & Mail)
• Neutral Sentiment: Annual meeting results were routine — shareholder votes were reported with normal turnout; no immediate market-moving governance changes. Voting Results from Annual Meeting
• Neutral Sentiment: Management commentary — CEO said there are no plans to sell the Fourmile royalty now; investors should monitor strategic moves but this is not an immediate catalyst. CEO Comments (Globe & Mail)
• Negative Sentiment: Fuel-cost risk for Chilean operations — Teck warned that the Middle East conflict could drive up fuel costs and pressure margins at its Chile copper mines, a material cost risk that could offset higher copper revenue. Teck Flags Chile Fuel Costs (Northern Miner)
• Negative Sentiment: Sales-tax court loss — Teck lost a court fight over sales tax on coal used at a smelting facility, which could create a localized tax/liability headwind. Court Loss on Sales Tax (MSN)

Teck Resources Company Profile

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.