Teck Resources Q3 Earnings Forecast Lifted by Zacks Research

Key Points

• Zacks Research raised Teck Resources’ Q3 2026 EPS forecast to $0.64 from $0.51, while full-year consensus earnings are estimated at $4.07 per share.
• Teck’s latest quarterly results exceeded expectations, with EPS of $1.35 versus the $0.95 consensus and revenue of $2.54 billion, up 78.2% year over year.
• The stock has a consensus “Hold” rating and an average price target of $62.25; shares recently opened at $65.02, while the company declared a C$0.12 quarterly dividend yielding about 0.8%.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Research analysts at Zacks Research raised their Q3 2026 earnings per share estimates for Teck Resources in a note issued to investors on Friday, September 25th. Zacks Research analyst Team now expects that the basic materials company will earn $0.64 per share for the quarter, up from their previous estimate of $0.51. The consensus estimate for Teck Resources' current full-year earnings is $4.07 per share. Zacks Research also issued estimates for Teck Resources' Q4 2026 earnings at $0.49 EPS and Q4 2027 earnings at $0.49 EPS.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last released its earnings results 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 return on equity of 10.42% and a net margin of 17.85%.The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company earned $0.38 earnings per share. Teck Resources's quarterly revenue was up 78.2% compared to the same quarter last year.

A number of other research analysts have also recently weighed in on TECK. Veritas cut Teck Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 4th. Scotiabank reiterated a "sector perform" rating on shares of Teck Resources in a report on Monday, June 15th. JPMorgan Chase & Co. boosted their price target on Teck Resources from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. 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. Finally, Weiss Ratings raised shares of Teck Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Teck Resources currently has a consensus rating of "Hold" and an average price target of $62.25.

Teck Resources Trading Down 1.6%

Shares of Teck Resources stock opened at $65.02 on Tuesday. Teck Resources has a 12-month low of $38.00 and a 12-month high of $72.56. The stock has a market cap of $31.40 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The company has a 50-day moving average of $65.51 and a two-hundred day moving average of $61.10. The company has a current ratio of 3.12, a quick ratio of 2.33 and a debt-to-equity ratio of 0.12.

Teck Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of C$0.12 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.50 annualized dividend and a yield of 0.8%. Teck Resources's dividend payout ratio is currently 9.76%.

Hedge Funds Weigh In On Teck Resources

A number of large investors have recently modified their holdings of TECK. Principal Financial Group Inc. boosted its position in shares of Teck Resources by 17.1% in the first quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company's stock worth $1,139,051,000 after buying an additional 3,211,985 shares during the period. Hancock Prospecting Pty Ltd raised its holdings in shares of 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 valued at $493,185,000 after buying an additional 2,477,344 shares during the period. Norges Bank purchased a new stake in shares of Teck Resources during the 4th quarter valued at about $404,880,000. Goldman Sachs Group Inc. lifted its position in Teck Resources by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,939,413 shares of the basic materials company's stock worth $380,218,000 after acquiring an additional 836,879 shares in the last quarter. Finally, HBK Investments L P lifted its position in Teck Resources by 264.2% during the 2nd quarter. HBK Investments L P now owns 5,773,121 shares of the basic materials company's stock worth $343,270,000 after acquiring an additional 4,188,029 shares in the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

About Teck Resources

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.

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