Raymond James Financial Estimates Teck Resources Q4 Earnings

Key Points

• Raymond James Financial has revised its Q4 2026 earnings per share estimate for Teck Resources from $0.42 to $0.36.
• Deutsche Bank has upgraded Teck Resources to a "buy" rating with a target price of $42.00, while Royal Bank of Canada has lowered its target from $82.00 to $67.00.
• Teck Resources recently announced an increase in its quarterly dividend to $0.0918 per share, effective September 29th, marking a positive shift from its previous dividend rate.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Analysts at Raymond James Financial decreased their Q4 2026 earnings per share estimates for shares of Teck Resources in a research report issued on Tuesday, September 9th. Raymond James Financial analyst B. Macarthur now forecasts that the basic materials company will earn $0.36 per share for the quarter, down from their prior forecast of $0.42. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Teck Resources from a "hold" rating to a "buy" rating and set a $42.00 price objective for the company in a report on Monday. Royal Bank Of Canada dropped their price target on shares of Teck Resources from $82.00 to $67.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Stifel Nicolaus initiated coverage on shares of Teck Resources in a research report on Wednesday, July 9th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $41.00 price target (down previously from $46.00) on shares of Teck Resources in a research report on Friday, July 25th. Finally, CIBC cut shares of Teck Resources from a "sector outperform" rating to a "neutral" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.88.

Teck Resources Stock Up 3.1%

Shares of NYSE:TECK opened at $41.69 on Friday. The company has a fifty day moving average of $34.99 and a 200-day moving average of $36.51. The company has a market capitalization of $20.03 billion, a PE ratio of 109.71, a price-to-earnings-growth ratio of 0.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.45 and a current ratio of 3.47. Teck Resources has a 52-week low of $28.32 and a 52-week high of $54.13.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly 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. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $2.25 billion. Teck Resources had a return on equity of 3.91% and a net margin of 2.51%.The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share.

Institutional Trading of Teck Resources

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Teck Resources by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,531,542 shares of the basic materials company's stock worth $711,475,000 after purchasing an additional 215,410 shares during the period. Principal Financial Group Inc. raised its stake in shares of Teck Resources by 56.9% in the first quarter. Principal Financial Group Inc. now owns 11,530,742 shares of the basic materials company's stock worth $419,970,000 after buying an additional 4,180,623 shares during the period. Norges Bank bought a new position in shares of Teck Resources in the second quarter worth approximately $437,657,000. Boston Partners boosted its position in shares of Teck Resources by 1.2% in the second quarter. Boston Partners now owns 9,365,206 shares of the basic materials company's stock worth $378,167,000 after purchasing an additional 113,431 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Teck Resources by 32.7% during the second quarter. Mackenzie Financial Corp now owns 7,989,715 shares of the basic materials company's stock worth $323,311,000 after acquiring an additional 1,969,286 shares during the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Teck Resources Increases Dividend

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

Teck Resources Company Profile

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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