Zacks Research Expects Increased Earnings for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Equities researchers at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of Teck Resources in a research note issued to investors on Tuesday, June 30th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $0.60 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.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Teck Resources from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Teck Resources to a “buy” rating in a report on Saturday, May 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Teck Resources in a research report on Friday, May 15th. Veritas downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Scotiabank reissued a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. Five research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.17.

Teck Resources Stock Performance

Shares of NYSE:TECK opened at $59.53 on Wednesday. The business has a 50-day moving average of $62.42 and a two-hundred day moving average of $55.99. The firm has a market capitalization of $28.70 billion, a PE ratio of 21.81, a P/E/G ratio of 3.48 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.83 and a quick ratio of 2.16. Teck Resources has a 12 month low of $30.98 and a 12 month high of $71.25.

Hedge Funds Weigh In On Teck Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new position in Teck Resources in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. raised its stake in shares of Teck Resources by 117.4% during the first quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 303 shares during the period. Blue Trust Inc. lifted its position in shares of Teck Resources by 411.8% during the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 453 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Teck Resources during the first quarter worth $83,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Teck Resources in the fourth quarter valued at $103,000. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.125 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) is 13.19%.

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.