Teck Resources FY2026 Earnings Forecast Raised by Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS forecast for Teck Resources to $4.79 from $4.58, above the $4.32 consensus estimate. It also forecasts FY2027 EPS of $3.31.
• Analyst sentiment is mixed: Teck has a consensus “Hold” rating and a $75.25 average price target, with six Buy ratings and ten Hold ratings.
• Teck announced a quarterly dividend of C$0.12 per share, payable December 31 to shareholders of record December 15—an annualized yield of about 0.8%.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Stock analysts at Scotiabank raised their FY2026 earnings per share estimates for shares of Teck Resources in a research note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of $4.79 per share for the year, up from their prior forecast of $4.58. The consensus estimate for Teck Resources' current full-year earnings is $4.32 per share. Scotiabank also issued estimates for Teck Resources' FY2027 earnings at $3.31 EPS.

Other equities analysts have also recently issued reports about the company. Scotia boosted their target price on Teck Resources from $83.00 to $88.00 and gave the company a "sector perform" rating in a research note on Friday, October 30th. Wall Street Zen lowered Teck Resources from a "buy" rating to a "hold" rating in a research note on Saturday, October 31st. Raymond James Financial upgraded shares of Teck Resources from a "market perform" rating to an "outperform" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Teck Resources from $47.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, October 30th. Finally, Canaccord Genuity Group decreased their price objective on shares of Teck Resources from $96.50 to $87.00 and set a "hold" rating for the company in a report on Friday, October 30th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Teck Resources presently has a consensus rating of "Hold" and a consensus target price of $75.25.

Teck Resources Trading Up 4.3%

TECK opened at $64.44 on Thursday. 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 0.11, a current ratio of 2.80 and a quick ratio of 2.33. The business has a 50 day simple moving average of $65.72 and a two-hundred day simple moving average of $60.62. The firm has a market capitalization of $31.14 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.97 and a beta of 1.01.

Institutional Investors Weigh In On Teck Resources

Several hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Teck Resources by 117.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company's stock worth $29,000 after purchasing an additional 303 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Teck Resources in the 3rd quarter worth approximately $46,000. SBI Securities Co. Ltd. grew its stake in shares of Teck Resources by 101.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 900 shares of the basic materials company's stock worth $59,000 after buying an additional 454 shares during the last quarter. Versant Capital Management Inc increased its position in Teck Resources by 86.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,587 shares of the basic materials company's stock valued at $94,000 after buying an additional 736 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS bought a new position in Teck Resources during the 1st quarter valued at approximately $83,000. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a C$0.12 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 15th. Teck Resources's dividend payout ratio (DPR) is presently 6.44%.

Teck Resources Company Profile

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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