FY2026 EPS Forecast for Teck Resources Boosted by Analyst

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Investment analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for Teck Resources in a research note issued on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $4.18 per share for the year, up from their prior forecast of $4.00. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $3.32 per share.

TECK has been the subject of a number of other reports. Weiss Ratings raised Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. TD Securities reaffirmed a “hold” rating on shares of Teck Resources in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Teck Resources from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Veritas downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen raised Teck Resources to a “buy” rating in a research report on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.17.

Teck Resources Stock Down 5.1%

NYSE:TECK opened at $58.35 on Wednesday. The firm has a market capitalization of $28.17 billion, a P/E ratio of 21.37, a P/E/G ratio of 3.63 and a beta of 0.92. Teck Resources has a 12-month low of $30.98 and a 12-month high of $71.25. The stock’s fifty day simple moving average is $62.49 and its 200-day simple moving average is $56.56. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13.

Teck Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, June 15th. This represents a $0.50 dividend on an annualized basis and a yield of 0.9%. Teck Resources’s dividend payout ratio (DPR) is presently 13.19%.

Institutional Trading of Teck Resources

A number of hedge funds have recently made changes to their positions in TECK. Temasek Holdings Private Ltd boosted its holdings in shares of Teck Resources by 1.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 5,307,384 shares of the basic materials company’s stock worth $254,171,000 after buying an additional 57,380 shares during the period. Union Bancaire Privee UBP SA raised its holdings in Teck Resources by 172.8% in the 4th quarter. Union Bancaire Privee UBP SA now owns 23,560 shares of the basic materials company’s stock valued at $1,128,000 after acquiring an additional 14,924 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Teck Resources by 2.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,916,856 shares of the basic materials company’s stock worth $84,068,000 after acquiring an additional 37,419 shares during the last quarter. 44 Wealth Management LLC boosted its holdings in shares of Teck Resources by 250.8% during the third quarter. 44 Wealth Management LLC now owns 31,077 shares of the basic materials company’s stock worth $1,364,000 after acquiring an additional 22,219 shares during the period. Finally, Cardinal Point Capital Management ULC bought a new position in shares of Teck Resources during the fourth quarter worth approximately $379,000. 78.06% of the stock is owned by institutional investors and hedge funds.

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.