Zacks Research Raises Earnings Estimates for Teck Resources

Key Points

• Zacks Research raised its Q1 2027 earnings estimate for Teck Resources to $0.79 per share from $0.70, while forecasting $0.78 per share for Q2 2027. The consensus full-year earnings estimate is $4.32 per share.
• Analyst sentiment remains mixed, with six Buy ratings and seven Hold ratings; the stock has an average rating of Hold and an average price target of $68.80.
• Teck Resources shares opened at $62.85, and institutional investors own 78.06% of the company. The copper and zinc producer has a $30.36 billion market capitalization and operates mines in Canada, Chile and Alaska.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Equities researchers at Zacks Research increased their Q1 2027 earnings estimates for Teck Resources in a research report issued on Wednesday, October 28th. Zacks Research analyst Team now expects that the basic materials company will earn $0.79 per share for the quarter, up from their previous estimate of $0.70. The consensus estimate for Teck Resources' current full-year earnings is $4.32 per share. Zacks Research also issued estimates for Teck Resources' Q2 2027 earnings at $0.78 EPS.

Other analysts also recently issued reports about the company. Stifel Nicolaus upped their price objective on Teck Resources from $82.00 to $95.00 and gave the stock a "hold" rating in a report on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft lifted their target price on Teck Resources from $64.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. 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 research report on Tuesday, July 28th. Raymond James Financial raised Teck Resources from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered Teck Resources from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $68.80.

Teck Resources Stock Up 0.9%

Shares of TECK opened at $62.85 on Thursday. Teck Resources has a fifty-two week low of $38.00 and a fifty-two week high of $72.56. The company's fifty day moving average is $66.32 and its two-hundred day moving average is $60.32. The firm has a market cap of $30.36 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01. The company has a quick ratio of 2.33, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TECK. Principal Financial Group Inc. boosted its holdings in Teck Resources by 17.1% in the 1st quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company's stock worth $1,139,051,000 after acquiring an additional 3,211,985 shares during the period. HBK Investments L P grew its position in Teck Resources by 264.2% in 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 acquiring an additional 4,188,029 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in shares of Teck Resources by 7.1% during the first quarter. Temasek Holdings Private Ltd now owns 5,685,453 shares of the basic materials company's stock valued at $294,015,000 after purchasing an additional 378,069 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Teck Resources by 48.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,270,386 shares of the basic materials company's stock valued at $272,955,000 after purchasing an additional 1,720,066 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Teck Resources by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,185,349 shares of the basic materials company's stock valued at $268,261,000 after purchasing an additional 28,531 shares during the period. 78.06% of the stock is owned by institutional investors and hedge funds.

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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