FY2026 EPS Estimates for Teck Resources Lifted by Scotiabank

Key Points

• Scotiabank raised FY2026 EPS for Teck to $3.42 (from $3.09) and keeps a Sector Perform rating; it also models FY2027 EPS at $2.41 while the market consensus for the current full year is $2.61.
• Teck topped quarterly EPS estimates, reporting $0.98 versus $0.59 expected with revenue of $2.23B (up 9.8% YoY), and announced a quarterly dividend of $0.125 (annualized $0.50, ~0.9% yield) payable June 30.
• Analyst coverage is mixed—one Strong Buy, five Buys and thirteen Holds—resulting in a consensus Hold rating and a $59.17 target, with the stock trading around $58 and a market cap near $28B.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Analysts at Scotiabank raised their FY2026 earnings per share estimates for Teck Resources in a research report issued on Friday, May 1st. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will earn $3.42 per share for the year, up from their prior forecast of $3.09. Scotiabank has a "Sector Perform" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $2.61 per share. Scotiabank also issued estimates for Teck Resources' FY2027 earnings at $2.41 EPS.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.39. Teck Resources had a return on equity of 7.94% and a net margin of 14.91%.The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm's revenue was up 9.8% compared to the same quarter last year.

Other research analysts have also recently issued reports about the company. Veritas upgraded Teck Resources from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. upped their price target on Teck Resources from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday. Zacks Research cut Teck Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Benchmark upped their price target on Teck Resources from $48.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $62.00 price objective on shares of Teck Resources in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Teck Resources has a consensus rating of "Hold" and a consensus target price of $59.17.

Teck Resources Stock Up 0.1%

NYSE:TECK opened at $57.99 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average is $54.53 and its two-hundred day moving average is $50.01. Teck Resources has a 52 week low of $30.98 and a 52 week high of $63.26. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 4.36 and a beta of 0.86.

Teck Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, June 15th. Teck Resources's dividend payout ratio (DPR) is presently 13.55%.

Institutional Trading of Teck Resources

Several hedge funds have recently modified their holdings of TECK. Vanguard Group Inc. raised its stake in Teck Resources by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 20,185,694 shares of the basic materials company's stock valued at $966,370,000 after buying an additional 278,481 shares in the last quarter. Principal Financial Group Inc. raised its stake in Teck Resources by 11.6% in the fourth quarter. Principal Financial Group Inc. now owns 18,832,299 shares of the basic materials company's stock valued at $902,769,000 after buying an additional 1,953,070 shares in the last quarter. Davis Selected Advisers raised its stake in Teck Resources by 9.0% in the fourth quarter. Davis Selected Advisers now owns 12,019,609 shares of the basic materials company's stock valued at $575,620,000 after buying an additional 995,947 shares in the last quarter. Hancock Prospecting Pty Ltd raised its stake in Teck Resources by 31.7% in the fourth 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 in the last quarter. Finally, Norges Bank acquired a new stake in Teck Resources in the fourth quarter valued at $404,880,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

About Teck Resources

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company's operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.

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