FY2026 EPS Estimates for Teck Resources Cut by Analyst

Key Points

• National Bank Financial has downgraded its FY2026 earnings estimate for Teck Resources from $1.20 to $0.96 per share, while the current consensus estimate is $1.53 per share.
• Teck Resources declared a quarterly dividend of $0.0918 per share, an increase from the previous $0.09, representing a 0.9% dividend yield.
• Institutional investors own 78.06% of Teck Resources stock, with significant increases in holdings from various asset management firms in the recent quarter.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - National Bank Financial dropped their FY2026 earnings estimates for shares of Teck Resources in a report released on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $0.96 for the year, down from their prior estimate of $1.20. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share.

A number of other equities analysts also recently weighed in on the company. Cibc World Mkts downgraded Teck Resources from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Stifel Canada upgraded shares of Teck Resources to a "hold" rating in a research note on Tuesday, July 8th. Scotiabank reiterated an "outperform" rating on shares of Teck Resources in a research report on Wednesday, September 10th. CIBC lowered shares of Teck Resources from a "sector outperform" rating to a "neutral" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $41.00 price target (down from $46.00) on shares of Teck Resources in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Teck Resources currently has a consensus rating of "Moderate Buy" and an average price target of $56.88.

Teck Resources Stock Down 0.0%

NYSE:TECK opened at $40.00 on Friday. Teck Resources has a 1-year low of $28.32 and a 1-year high of $54.13. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 105.26, a PEG ratio of 0.59 and a beta of 0.78. The company has a current ratio of 3.47, a quick ratio of 2.45 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $35.23 and its 200 day moving average price is $36.50.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its earnings results on Thursday, July 24th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. Teck Resources had a net margin of 2.51% and a return on equity of 3.91%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the business earned $0.79 EPS. The company's revenue was up 12.3% on a year-over-year basis.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.0918 per share. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date is Monday, September 15th. This represents a $0.37 annualized dividend and a dividend yield of 0.9%. Teck Resources's dividend payout ratio (DPR) is currently 94.74%.

Institutional Investors Weigh In On Teck Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in Teck Resources by 69.2% during the first quarter. Smartleaf Asset Management LLC now owns 856 shares of the basic materials company's stock worth $32,000 after buying an additional 350 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Teck Resources during the 1st quarter worth about $33,000. Banque Cantonale Vaudoise acquired a new position in shares of Teck Resources during the 1st quarter valued at about $36,000. Golden State Wealth Management LLC raised its stake in shares of Teck Resources by 7,560.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Teck Resources in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 78.06% of the company's stock.

About Teck Resources

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.

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