Teck Resources Q1 EPS Estimate Boosted by Zacks Research

Key Points

• Zacks Research has increased their earnings per share estimate for Teck Resources for Q1 2027 from $0.12 to $0.21, with a full-year earnings estimate at $1.53 per share.
• Teck Resources recently announced a quarterly dividend of $0.0918 per share, an increase from the previous $0.09 quarterly dividend.
• Several brokerages have recently upgraded their ratings on Teck Resources, with UBS Group upgrading it to a "buy" and Deutsche Bank raising its price target to $42.00.

Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK - Investment analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for shares of Teck Resources in a research note issued to investors on Wednesday, September 10th. Zacks Research analyst Team now expects that the basic materials company will earn $0.21 per share for the quarter, up from their prior estimate of $0.12. The consensus estimate for Teck Resources' current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Teck Resources' FY2027 earnings at $1.75 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 return on equity of 3.91% and a net margin of 2.51%.The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company posted $0.79 EPS. The business's quarterly revenue was up 12.3% on a year-over-year basis.

Several other brokerages also recently commented on TECK. UBS Group upgraded Teck Resources from a "neutral" rating to a "buy" rating in a research note on Wednesday, September 3rd. Morgan Stanley downgraded Teck Resources from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $42.00 to $44.00 in a research note on Tuesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of Teck Resources in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Teck Resources from a "hold" rating to a "buy" rating and set a $42.00 price target for the company in a research note on Monday. Finally, Royal Bank Of Canada cut their target price on Teck Resources from $82.00 to $67.00 and set an "outperform" rating on the stock in a research note 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. According to MarketBeat, Teck Resources presently has an average rating of "Moderate Buy" and an average target price of $56.88.

Teck Resources Stock Performance

Shares of TECK opened at $41.69 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.47 and a quick ratio of 2.45. The stock has a 50-day moving average of $34.99 and a 200-day moving average of $36.51. The company has a market cap of $20.03 billion, a PE ratio of 109.71, a P/E/G ratio of 0.60 and a beta of 0.78. Teck Resources has a one year low of $28.32 and a one year high of $54.13.

Teck Resources Increases Dividend

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

Institutional Investors Weigh In On Teck Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Teck Resources by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 19,531,542 shares of the basic materials company's stock valued at $711,475,000 after acquiring an additional 215,410 shares during the period. Principal Financial Group Inc. increased its holdings 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 purchasing 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 $437,657,000. Boston Partners increased its holdings 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 increased its holdings in shares of Teck Resources by 32.7% in the second quarter. Mackenzie Financial Corp now owns 7,989,715 shares of the basic materials company's stock worth $323,311,000 after purchasing an additional 1,969,286 shares during the period. Institutional investors 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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