Zacks Research Lifts Earnings Estimates for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Equities research analysts at Zacks Research boosted their FY2026 earnings estimates for Teck Resources in a note issued to investors on Friday, September 25th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $3.74 per share for the year, up from their prior forecast of $3.44. The consensus estimate for Teck Resources’ current full-year earnings is $4.07 per share. Zacks Research also issued estimates for Teck Resources’ Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $0.63 EPS, Q3 2027 earnings at $0.66 EPS and FY2027 earnings at $2.48 EPS.

Other analysts have also recently issued reports about the company. Raymond James Financial upgraded Teck Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Veritas lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded Teck Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.25.

Teck Resources Price Performance

Teck Resources stock opened at $64.78 on Monday. 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 fifty day simple moving average of $65.67 and a 200-day simple moving average of $61.18. The stock has a market cap of $31.29 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. Teck Resources has a 12-month low of $38.00 and a 12-month high of $72.56.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.40. Teck Resources had a net margin of 17.85% and a return on equity of 10.42%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 78.2% compared to the same quarter last year.

Teck Resources Announces Dividend

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

Hedge Funds Weigh In On Teck Resources

Several hedge funds have recently made changes to their positions in TECK. Principal Financial Group Inc. lifted its holdings in shares of Teck Resources by 17.1% in the 1st 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 during the last quarter. Hancock Prospecting Pty Ltd grew its stake in Teck Resources by 31.7% during the 4th quarter. Hancock Prospecting Pty Ltd now owns 10,298,293 shares of the basic materials company’s stock worth $493,185,000 after buying an additional 2,477,344 shares during the last quarter. Norges Bank purchased a new position in Teck Resources during the 4th quarter worth approximately $404,880,000. Goldman Sachs Group Inc. increased its position in Teck Resources by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,939,413 shares of the basic materials company’s stock worth $380,218,000 after buying an additional 836,879 shares during the period. Finally, HBK Investments L P increased its position in Teck Resources by 264.2% during the second quarter. HBK Investments L P now owns 5,773,121 shares of the basic materials company’s stock worth $343,270,000 after buying an additional 4,188,029 shares during the period. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources News Roundup

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

• Positive Sentiment: Analysts raised earnings forecasts: Zacks Research increased its Q3 2026 EPS estimate to $0.64 from $0.51 and its Q4 2026 estimate to $0.49 from $0.33. It also lifted its Q4 2027 forecast to $0.49 from $0.43. The current full-year consensus estimate is $4.07 per share. Higher projections suggest analysts see stronger near-term operating performance. FY2026 EPS Forecast for Teck Resources Increased by Analyst
• Positive Sentiment: Teck is being highlighted as a growth stock: A Zacks analysis identified Teck Resources as a top-ranked growth stock, which may attract investors seeking exposure to improving earnings and the mining sector. Teck Resources Is a Top-Ranked Growth Stock
• Neutral Sentiment: Upcoming Q3 results remain a focus: Broker expectations for Teck’s third-quarter earnings are being reviewed ahead of the report. The revised $0.64 EPS estimate provides a benchmark investors may use to judge whether results and guidance support the recent optimism. Brokers Set Expectations for Teck Resources Q3 Earnings
• Neutral Sentiment: Value comparison with BHP: A separate analysis compares TECK with BHP as a potential value investment. The article may influence investor positioning, but it does not represent a new change in Teck’s operations or financial outlook. TECK or BHP: Which Is the Better Value Stock Right Now?

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.