Analysts Issue Forecasts for Teck Resources Q3 Earnings

Key Points

• Zacks Research forecasts Q3 2026 EPS of $1.00 for Teck Resources, with full-year 2026 and 2027 estimates of $4.30 and $3.39 per share, respectively.
• Analyst sentiment remains mixed: six analysts rate the stock a Buy and seven rate it a Hold, resulting in an overall “Hold” consensus and an average price target of $68.80.
• Teck declared a quarterly dividend of C$0.12 per share, equivalent to an annualized yield of about 0.8%; institutional investors own approximately 78% of the company.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Equities research analysts at Zacks Research issued their Q3 2026 earnings estimates for shares of Teck Resources in a note issued to investors on Wednesday, October 28th. Zacks Research analyst Team expects that the basic materials company will earn $1.00 per share for the quarter. The consensus estimate for Teck Resources' current full-year earnings is $4.32 per share. Zacks Research also issued estimates for Teck Resources' Q4 2026 earnings at $0.69 EPS, FY2026 earnings at $4.30 EPS, Q3 2027 earnings at $1.00 EPS, Q4 2027 earnings at $0.83 EPS and FY2027 earnings at $3.39 EPS.

A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Teck Resources from $82.00 to $95.00 and gave the company a "hold" rating in a research note on Tuesday, October 20th. Weiss Ratings lowered shares of Teck Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. 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 lifted 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. Finally, Wall Street Zen lowered Teck Resources from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 26th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $68.80.

Teck Resources Trading Up 1.2%

NYSE TECK opened at $63.78 on Friday. The stock has a market capitalization of $30.82 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 2.01 and a beta of 1.01. Teck Resources has a one year low of $38.00 and a one year high of $72.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.33. The business's fifty day moving average is $66.27 and its 200-day moving average is $60.39.

Teck Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of C$0.12 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. Teck Resources's dividend payout ratio is presently 9.76%.

Institutional Investors Weigh In On Teck Resources

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in Teck Resources by 117.4% in the first quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company's stock worth $29,000 after acquiring an additional 303 shares in the last quarter. Blue Trust Inc. raised its holdings 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 valued at $29,000 after purchasing an additional 453 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Teck Resources by 101.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 900 shares of the basic materials company's stock valued at $59,000 after buying an additional 454 shares during the period. Elevation Point Wealth Partners LLC lifted its holdings in Teck Resources by 8.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 5,720 shares of the basic materials company's stock valued at $296,000 after acquiring an additional 466 shares during the period. Finally, AMG National Trust Bank lifted its stake in shares of Teck Resources by 13.1% in the 1st quarter. AMG National Trust Bank now owns 5,531 shares of the basic materials company's stock worth $286,000 after purchasing an additional 640 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: Third-quarter results exceeded expectations: Teck reported quarterly revenue of $3.17 billion, up 33.4% year over year and above the $3.04 billion analyst estimate. Reported EPS also beat consensus; figures cited by different sources ranged from $1.34 to $1.88, compared with an expected $1.06. The earnings strength was attributed to sustained operating performance and record copper prices. Teck Reports Unaudited Third Quarter Results for 2026
• Positive Sentiment: Analysts raised several forward EPS estimates: Zacks Research increased its forecasts for Q4 2026 EPS to $0.69 from $0.49, Q1 2027 EPS to $0.79 from $0.70, Q2 2027 EPS to $0.78 from $0.63, Q3 2027 EPS to $1.00 from $0.66, Q4 2027 EPS to $0.83 from $0.49, and full-year 2027 EPS to $3.39 from $2.48. These revisions indicate improved expectations for profitability, although the $4.30 2026 estimate is slightly below the $4.32 consensus.
• Positive Sentiment: Dividend declared: Teck’s board approved a quarterly dividend of C$0.12 per share, or approximately $0.125 per share according to the company’s release, payable December 31 to shareholders of record December 15. The annualized yield is approximately 0.8%, providing a modest shareholder-return benefit. Teck Announces Dividend
• Negative Sentiment: Labor uncertainty is a downside risk: Reports that Teck faces a strike at its Highland Valley Copper mine could disrupt production and add costs if the dispute is prolonged. Teck Resources Faces Strike at Highland Valley Copper Mine

About Teck Resources

Teck Resources Limited is a Canadian mining and mineral development company focused primarily on copper and zinc, commodities used in electrification, infrastructure, manufacturing and other industrial applications. The company explores for, develops and operates mines, mineral processing facilities and related infrastructure.

Teck's copper assets include Highland Valley Copper in British Columbia, Canada; Carmen de Andacollo in Chile; and Quebrada Blanca in northern Chile. Its zinc operations include the Red Dog mine in Alaska and the Trail Operations metallurgical complex in British Columbia, which produces refined metals, alloys and other related products.

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