Teck Resources (NYSE:TECK) Downgraded to Hold Rating by Zacks Research

Key Points

• Zacks Research downgraded Teck Resources from a "strong-buy" to a "hold" and issued updated EPS estimates, including FY2026 $2.09 and FY2027 $2.34.
• Q1 results beat expectations, with EPS of $0.98 versus a $0.59 consensus and revenue of $2.23 billion, alongside record copper sales and a declared dividend of C$0.125 per share.
• Analyst sentiment is mixed — MarketBeat shows an average rating of "Hold" with a $59.67 target, while individual brokers have moved ratings and targets both higher and lower; institutional investors own about 78% of the stock.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports. Zacks Research also issued estimates for Teck Resources' Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.49 EPS, Q3 2026 earnings at $0.59 EPS, Q4 2026 earnings at $0.51 EPS, FY2026 earnings at $2.09 EPS, Q1 2027 earnings at $0.47 EPS, Q2 2027 earnings at $0.49 EPS, Q3 2027 earnings at $0.69 EPS, Q4 2027 earnings at $0.69 EPS and FY2027 earnings at $2.34 EPS.

A number of other brokerages have also recently issued reports on TECK. Citigroup raised shares of Teck Resources from a "neutral" rating to a "buy" rating in a report on Monday, February 2nd. Benchmark upped their price target on Teck Resources from $48.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Teck Resources in a report on Wednesday, January 21st. Raymond James Financial downgraded Teck Resources from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 14th. Finally, Veritas raised Teck Resources from a "strong sell" rating to a "strong-buy" rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, Teck Resources currently has an average rating of "Hold" and an average target price of $59.67.

Teck Resources Price Performance

Teck Resources stock opened at $60.74 on Wednesday. The company has a market cap of $29.27 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 3.11 and a beta of 0.85. Teck Resources has a one year low of $30.98 and a one year high of $63.27. The business has a fifty day moving average of $54.56 and a two-hundred day moving average of $49.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.91 and a current ratio of 2.54.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.39. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.28 billion. Teck Resources had a net margin of 12.98% and a return on equity of 5.90%. The business's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts predict that Teck Resources will post 2.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Teck Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. acquired a new position in shares of Teck Resources in the fourth quarter worth $25,000. Blue Trust Inc. boosted its stake in shares of Teck Resources by 411.8% during the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company's stock valued at $29,000 after acquiring an additional 453 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Teck Resources during the third quarter valued at $26,000. Smartleaf Asset Management LLC increased its position in Teck Resources by 72.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 836 shares of the basic materials company's stock worth $37,000 after purchasing an additional 351 shares in the last quarter. Finally, SouthState Bank Corp purchased a new stake in Teck Resources during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 78.06% of the company's stock.

Teck Resources News Roundup

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: Q1 results materially beat expectations — record copper sales, strong revenue and EPS well above consensus, driving upside to near-term earnings outlook. Teck Reports Unaudited First Quarter Results for 2026
• Positive Sentiment: Board declared an eligible dividend (C$0.125/share) for June — supports income-oriented investors and signals confidence in cash flow. Teck Announces Dividend
• Positive Sentiment: S&P is considering a rule tweak to keep Teck in Canadian benchmarks after Anglo’s deal — potential index inclusion/support reduces downside risk from forced selling by funds. S&P mulls rule change to keep Teck in Canadian benchmarks after Anglo merger
• Positive Sentiment: Analysts raised FY2026 EPS estimates after the quarter and some shops (Zacks, others) flagged upside vs. consensus — supports multiple analyst upgrades/target increases. FY2026 EPS Estimates for Teck Resources Increased by Analyst
• Neutral Sentiment: Management reiterated they don’t plan to immediately sell the Fourmile royalty — preserves optionality but no immediate cash inflow. Teck CEO Jonathan Price says no plans to immediately sell ‘valuable’ Fourmile royalty
• Neutral Sentiment: Full earnings-call transcript and slide deck available — useful for digging into unit costs, copper volumes and outlook but no new headline action beyond the results. Teck Q1 2026 Earnings Call Transcript
• Negative Sentiment: Teck flagged higher fuel and logistics costs for its Chilean copper operations tied to the Middle East energy shock — could pressure margins and raise unit costs if sustained. Teck Warns of Higher Fuel Costs Caused by Mideast Energy Shock
• Negative Sentiment: Teck lost a court fight over sales tax on coal used at a smelting facility — potential cash/tax exposure or precedent for further liabilities. Teck loses court fight over sales tax on coal used at smelting facility

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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