Brokers Issue Forecasts for Teck Resources FY2026 Earnings

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Scotiabank boosted their FY2026 EPS estimates for shares of Teck Resources in a note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings of $4.79 per share for the year, up from their prior forecast of $4.58. The consensus estimate for Teck Resources’ current full-year earnings is $4.32 per share. Scotiabank also issued estimates for Teck Resources’ FY2027 earnings at $3.31 EPS.

Several other research analysts have also recently issued reports on TECK. Weiss Ratings cut shares of Teck Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Scotia increased their price target on shares of Teck Resources from $83.00 to $88.00 and gave the company a “sector perform” rating in a report on Friday, October 30th. Stifel Nicolaus raised their price target on shares of Teck Resources from $82.00 to $95.00 and gave the company a “hold” rating in a research report on Tuesday, October 20th. Wall Street Zen downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Finally, Canaccord Genuity Group decreased their price objective on shares of Teck Resources from $96.50 to $87.00 and set a “hold” rating for the company in a report on Friday, October 30th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.25.

Teck Resources Stock Performance

Shares of TECK stock opened at $64.44 on Thursday. The company has a market capitalization of $31.14 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.33 and a current ratio of 2.80. Teck Resources has a one year low of $38.00 and a one year high of $72.56. The company’s 50-day moving average is $65.72 and its 200 day moving average is $60.62.

Hedge Funds Weigh In On Teck Resources

A number of hedge funds have recently bought and sold shares of TECK. Geneos Wealth Management Inc. lifted its stake in Teck Resources by 117.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 303 shares during the period. Fortitude Family Office LLC bought a new stake in shares of Teck Resources in the third quarter worth approximately $46,000. SBI Securities Co. Ltd. grew its stake in shares of Teck Resources by 101.8% in the third quarter. SBI Securities Co. Ltd. now owns 900 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 454 shares during the period. Versant Capital Management Inc grew its stake in shares of Teck Resources by 86.5% in the second quarter. Versant Capital Management Inc now owns 1,587 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 736 shares during the period. Finally, Oslo Pensjonsforsikring AS purchased a new position in shares of Teck Resources during the first quarter valued at approximately $83,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a C$0.12 dividend. This represents a $0.50 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, December 15th. Teck Resources’s dividend payout ratio (DPR) is presently 6.44%.

About Teck Resources

Teck Resources Limited is a Canadian mining and mineral development company focused primarily on copper and zinc, commodities used in electrification, infrastructure, manufacturing and other industrial applications. The company explores for, develops and operates mines, mineral processing facilities and related infrastructure.

Teck’s copper assets include Highland Valley Copper in British Columbia, Canada; Carmen de Andacollo in Chile; and Quebrada Blanca in northern Chile. Its zinc operations include the Red Dog mine in Alaska and the Trail Operations metallurgical complex in British Columbia, which produces refined metals, alloys and other related products.