FY2026 EPS Estimate for Teck Resources Boosted by Analyst

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Equities researchers at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of Teck Resources in a report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $3.09 per share for the year, up from their previous forecast of $2.76. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $2.68 per share.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly 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 company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.28 billion. Teck Resources had a return on equity of 5.90% and a net margin of 12.98%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS.

A number of other analysts have also recently issued reports on the company. Zacks Research upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. UBS Group restated a “buy” rating on shares of Teck Resources in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $62.00 price objective on shares of Teck Resources in a research report on Wednesday, April 15th. TD Securities restated a “hold” rating on shares of Teck Resources in a research report on Monday, February 23rd. Finally, Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating in a research note on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Teck Resources currently has a consensus rating of “Hold” and an average target price of $59.67.

Teck Resources Stock Performance

TECK opened at $56.69 on Tuesday. The stock has a market cap of $27.32 billion, a PE ratio of 28.06, a P/E/G ratio of 3.11 and a beta of 0.85. The company has a current ratio of 2.54, a quick ratio of 1.91 and a debt-to-equity ratio of 0.13. Teck Resources has a 1 year low of $30.98 and a 1 year high of $62.41. The stock’s 50 day simple moving average is $54.54 and its 200-day simple moving average is $49.23.

Teck Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 0.9%. Teck Resources’s payout ratio is currently 18.32%.

Hedge Funds Weigh In On Teck Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Welch Group LLC boosted its stake in Teck Resources by 6.2% in the first quarter. Welch Group LLC now owns 6,266 shares of the basic materials company’s stock worth $324,000 after purchasing an additional 367 shares in the last quarter. Blue Trust Inc. boosted its stake in Teck Resources by 411.8% in the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 453 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in Teck Resources by 33.3% in the first quarter. Banque Cantonale Vaudoise now owns 5,200 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 1,300 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Teck Resources by 23.7% during the first quarter. Assenagon Asset Management S.A. now owns 13,997 shares of the basic materials company’s stock valued at $722,000 after acquiring an additional 2,680 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Teck Resources during the first quarter valued at $455,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources News Summary

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: Zacks highlights Teck as one of two copper-focused miners likely to deliver Q1 earnings beats as firm copper prices (supply disruptions + steady demand) support revenue despite cost pressure. This note supports upside to near-term results and trading multiples. 2 Copper Stocks Likely to Pull Off Earnings Surprises in Q1
• Positive Sentiment: Zacks Research repeatedly raised Teck’s quarterly and annual EPS estimates across 2026–2027 and maintains a “Strong-Buy” view — lifts to Q1/Q2/Q3 2026 and FY2026/FY2027 EPS expectations imply stronger underlying earnings trajectory vs. prior forecasts, which is supportive for valuation and analyst-driven buying.
• Positive Sentiment: Scotiabank increased its FY2026 EPS forecast materially (to $3.09 from $2.76), signalling some sell-side conviction that commodity-driven earnings will be higher than earlier assumed — another bullish catalyst for investor sentiment.
• Neutral Sentiment: Valhalla Metals agreed to acquire the Smucker property from Teck to consolidate and advance critical-minerals projects in Alaska’s Ambler district. For Teck the deal can free up capital/permit complexity and let specialists advance the asset, but the strategic/financial details are limited so near-term market reaction is ambiguous. Valhalla Metals to Acquire Smucker Property from Teck
• Neutral Sentiment: General comparison coverage (Teck vs. peers/royalty companies) is circulating but contains little new company-specific operational data; useful for relative valuation context but unlikely to move the stock materially on its own. Comparing Teck Resources (NYSE:TECK) and OR Royalties (NYSE:OR)
• Negative Sentiment: Amid the many bullish estimate revisions, Zacks trimmed its Q4 2026 EPS estimate slightly (from $0.53 to $0.51) — a small downward revision that may prompt short-term profit-taking or highlight quarter-to-quarter volatility in guidance sensitivity.

About Teck Resources

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.