FY2026 EPS Estimate for Teck Resources Boosted by Analyst

Key Points

• Zacks Research raised Teck Resources’ FY2026 EPS estimate to $3.74 from $3.44, although it remains below the $4.07 consensus forecast. The firm also projects FY2027 EPS of $2.48.
• Analyst sentiment is mixed but improving: Teck has six Buy ratings and seven Hold ratings, resulting in a consensus rating of Hold and an average price target of $62.25.
• Teck reported strong quarterly results, with EPS of $1.35 beating estimates of $0.95 and revenue rising 78.2% year over year to $2.54 billion. The company also announced a C$0.12 quarterly dividend, equivalent to a 0.8% annualized yield.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Equities research analysts at Zacks Research boosted their FY2026 earnings estimates for shares of Teck Resources in a research note issued on Friday, September 25th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $3.74 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 equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Teck Resources from $64.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Wall Street Zen cut shares of Teck Resources from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 26th. Raymond James Financial raised shares of Teck Resources from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 23rd. Scotiabank restated a "sector perform" rating on shares of Teck Resources in a report on Monday, June 15th. Finally, Weiss Ratings raised Teck Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.25.

Teck Resources Trading Down 0.0%

NYSE TECK opened at $66.03 on Monday. The stock has a market cap of $31.89 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. Teck Resources has a fifty-two week low of $38.00 and a fifty-two week high of $72.56. The stock has a 50 day simple moving average of $65.30 and a two-hundred day simple moving average of $61.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.33 and a current ratio of 3.12.

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

Teck Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of C$0.12 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 15th. Teck Resources's dividend payout ratio (DPR) is presently 9.76%.

Institutional Trading of Teck Resources

Hedge funds have recently made changes to their positions in the stock. HBK Investments L P raised its stake 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 valued at $343,270,000 after buying an additional 4,188,029 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Teck Resources by 13.2% in the second quarter. Sequoia Financial Advisors LLC now owns 16,451 shares of the basic materials company's stock worth $978,000 after acquiring an additional 1,920 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Teck Resources by 9.0% in the second quarter. Tidal Investments LLC now owns 166,945 shares of the basic materials company's stock worth $9,789,000 after acquiring an additional 13,811 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of Teck Resources in the second quarter worth $207,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Teck Resources in the second quarter worth $7,952,000. 78.06% of the stock is owned by institutional investors.

About Teck Resources

Teck Resources Limited is a Canadian mining and metals company focused primarily on the exploration, development and production of base metals. Its principal products include copper, zinc and lead, along with associated by-products such as molybdenum, silver and germanium. Copper is an increasingly important part of Teck's business as the metal is used in electrical infrastructure, renewable energy systems, transportation and industrial applications.

Teck operates and develops mining assets in Canada, Chile and Peru.

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