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

Teck Resources (NYSE:TECK) (TSE:TECK) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued 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.

Other equities research analysts have also recently issued research reports about the company. Scotiabank restated a “sector perform” rating on shares of Teck Resources in a report on Tuesday, April 14th. Truist Financial set a $67.00 target price on Teck Resources in a research note on Monday, February 23rd. Citigroup upgraded Teck Resources from a “neutral” rating to a “buy” rating in a research report on Monday, February 2nd. Benchmark raised their price target on Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 price target on shares of Teck Resources in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.67.

Teck Resources Stock Performance

Shares of TECK opened at $60.74 on Wednesday. Teck Resources has a 1 year low of $30.98 and a 1 year high of $63.27. The company’s 50 day simple moving average is $54.56 and its 200 day simple moving average is $49.38. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 3.11 and a beta of 0.85. 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) (TSE:TECK) last released its earnings results on Thursday, February 19th. The basic materials company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.59 by $0.39. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Teck Resources had a net margin of 12.98% and a return on equity of 5.90%. Teck Resources’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. On average, sell-side analysts predict that Teck Resources will post 2.59 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TECK. Norges Bank acquired a new position in Teck Resources during the fourth quarter valued at approximately $404,880,000. Principal Financial Group Inc. lifted its holdings in shares of Teck Resources by 36.1% during the 3rd quarter. Principal Financial Group Inc. now owns 16,879,229 shares of the basic materials company’s stock valued at $740,604,000 after acquiring an additional 4,474,637 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Teck Resources by 264.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,781,060 shares of the basic materials company’s stock valued at $253,695,000 after acquiring an additional 4,194,868 shares in the last quarter. Pentwater Capital Management LP boosted its position in Teck Resources by 124.1% during the 4th quarter. Pentwater Capital Management LP now owns 6,500,000 shares of the basic materials company’s stock worth $311,285,000 after purchasing an additional 3,600,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Teck Resources during the 4th quarter worth $169,999,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

More Teck Resources News

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

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.