Q1 EPS Estimates for Teck Resources Lifted by Zacks Research

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Research analysts at Zacks Research increased their Q1 2027 EPS estimates for shares of Teck Resources in a research report issued to clients and investors on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $0.21 for the quarter, up from their prior forecast 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.

A number of other equities analysts have also issued reports on the stock. Benchmark reduced their price target on shares of Teck Resources from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, July 28th. Stifel Nicolaus began coverage on shares of Teck Resources in a research report on Wednesday, July 9th. They set a “hold” rating for the company. Scotiabank reissued an “outperform” rating on shares of Teck Resources in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $41.00 target price (down from $46.00) on shares of Teck Resources in a report on Friday, July 25th. Finally, CIBC lowered shares of Teck Resources from a “sector outperform” rating to a “neutral” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Teck Resources has an average rating of “Moderate Buy” and a consensus target price of $56.88.

Teck Resources Stock Up 0.6%

TECK stock opened at $41.91 on Friday. The firm has a 50 day moving average of $35.00 and a 200 day moving average of $36.52. The stock has a market capitalization of $20.13 billion, a PE ratio of 110.29, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The company has a quick ratio of 2.45, a current ratio of 3.47 and a debt-to-equity ratio of 0.15. Teck Resources has a 52 week low of $28.32 and a 52 week high of $54.13.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its earnings results on Thursday, July 24th. The basic materials company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Teck Resources had a net margin of 2.51% and a return on equity of 3.91%. Teck Resources’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the business earned $0.79 EPS.

Hedge Funds Weigh In On Teck Resources

A number of large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its holdings in shares of Teck Resources by 5.6% during the first quarter. Sequoia Financial Advisors LLC now owns 10,354 shares of the basic materials company’s stock worth $377,000 after buying an additional 545 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Teck Resources by 7,560.0% during the first quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,134 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Teck Resources by 20.9% during the first quarter. Cetera Investment Advisers now owns 69,885 shares of the basic materials company’s stock worth $2,546,000 after buying an additional 12,092 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Teck Resources by 22.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,141 shares of the basic materials company’s stock worth $442,000 after buying an additional 2,240 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Teck Resources by 13,171.4% during the first quarter. GAMMA Investing LLC now owns 3,716 shares of the basic materials company’s stock worth $135,000 after buying an additional 3,688 shares in the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Teck Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0918 per share. This is a boost from Teck Resources’s previous quarterly dividend of $0.09. This represents a $0.37 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, September 15th. Teck Resources’s dividend payout ratio (DPR) is currently 94.74%.

Teck Resources Company Profile

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.