Analysts Set Expectations for Teck Resources FY2026 Earnings

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Analysts at Scotiabank lifted their FY2026 EPS estimates for Teck Resources in a research report issued on Thursday, June 18th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $4.00 per share for the year, up from their prior estimate of $3.42. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $3.29 per share. Scotiabank also issued estimates for Teck Resources’ FY2027 earnings at $3.06 EPS.

A number of other equities analysts also recently weighed in on the company. Zacks Research downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Veritas cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded Teck Resources to a “buy” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. increased their price target on Teck Resources from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Benchmark raised their price target on Teck Resources from $48.00 to $67.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.17.

Teck Resources Trading Up 0.2%

Shares of Teck Resources stock opened at $64.51 on Monday. Teck Resources has a 12-month low of $30.98 and a 12-month high of $71.25. The stock has a market cap of $31.10 billion, a P/E ratio of 23.63, a P/E/G ratio of 3.85 and a beta of 0.89. 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 business’s 50 day moving average is $62.17 and its 200-day moving average is $55.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Teck Resources in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its position in shares of Teck Resources by 117.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 303 shares during the period. Blue Trust Inc. boosted its stake in shares of Teck Resources by 411.8% in the 1st quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 453 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in shares of Teck Resources during the first quarter worth $83,000. Finally, Flagship Harbor Advisors LLC bought a new position in Teck Resources during the fourth quarter worth $103,000. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 15th. Teck Resources’s dividend payout ratio is currently 13.19%.

Teck Resources Company Profile

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.