Stifel Canada Expects Weaker Earnings for Teck Resources

Key Points

• Stifel Canada has lowered its Q1 2026 EPS estimate for Teck Resources to $0.37 per share, down from $0.38, maintaining a "Hold" rating on the stock.
• Teck Resources reported a net margin of 2.51% in its last quarterly earnings, despite revenues of $1.49 billion falling short of analysts' expectations of $2.25 billion.
• The company has increased its quarterly dividend to $0.0918 per share, which represents an annualized yield of 0.9%, with a payout ratio of 94.74%.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Analysts at Stifel Canada lowered their Q1 2026 EPS estimates for Teck Resources in a report released on Tuesday, September 9th. Stifel Canada analyst R. Profiti now expects that the basic materials company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.38. Stifel Canada has a "Hold" rating on the stock. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. Stifel Canada also issued estimates for Teck Resources' Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.30 EPS, Q4 2026 earnings at $0.40 EPS, FY2026 earnings at $1.39 EPS, FY2027 earnings at $1.13 EPS, FY2028 earnings at $0.96 EPS and FY2029 earnings at $1.16 EPS.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.27 earnings per share for the quarter, topping 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 firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same period in the previous year, the company posted $0.79 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year.

Several other research firms have also recently weighed in on TECK. Stifel Nicolaus started coverage on shares of Teck Resources in a research report on Wednesday, July 9th. They set a "hold" rating on the stock. B. Riley cut shares of Teck Resources from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. CIBC cut shares of Teck Resources from a "sector outperform" rating to a "neutral" rating in a research report on Friday, July 25th. Cibc World Mkts lowered shares of Teck Resources from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Teck Resources from a "hold" rating to a "buy" rating and set a $42.00 target price for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Teck Resources currently has a consensus rating of "Moderate Buy" and an average target price of $56.88.

Teck Resources Trading Up 3.7%

NYSE TECK opened at $40.53 on Thursday. Teck Resources has a twelve month low of $28.32 and a twelve month high of $54.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.45 and a current ratio of 3.47. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 106.66, a PEG ratio of 0.60 and a beta of 0.78. The firm's 50 day moving average price is $34.98 and its two-hundred day moving average price is $36.50.

Institutional Investors Weigh In On Teck Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Teck Resources in the 2nd quarter valued at $232,000. Marex Group plc acquired a new stake in shares of Teck Resources in the 2nd quarter valued at $6,070,000. Evergreen Capital Management LLC acquired a new stake in shares of Teck Resources in the 2nd quarter valued at $208,000. Headlands Technologies LLC lifted its stake in shares of Teck Resources by 121.7% in the 2nd quarter. Headlands Technologies LLC now owns 33,659 shares of the basic materials company's stock valued at $1,359,000 after purchasing an additional 18,474 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Teck Resources by 22.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 311,346 shares of the basic materials company's stock worth $12,574,000 after acquiring an additional 56,940 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company's stock.

Teck Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.0918 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, September 15th. This is a boost from Teck Resources's previous quarterly dividend of $0.09. Teck Resources's dividend payout ratio (DPR) is presently 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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