Teck Resources (NYSE:TECK) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Teck Resources (NYSE:TECK) (TSE:TECK) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,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.

A number of other research firms also recently commented on TECK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teck Resources in a report on Wednesday, January 21st. Raymond James Financial downgraded shares of Teck Resources from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 14th. Benchmark raised their price objective on shares of Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Truist Financial set a $67.00 price objective on shares of Teck Resources in a report on Monday, February 23rd. Finally, Veritas raised shares of Teck Resources from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, Teck Resources has an average rating of “Hold” and an average target price of $59.67.

Teck Resources Price Performance

NYSE:TECK opened at $60.11 on Wednesday. The company has a 50-day moving average of $54.59 and a 200-day moving average of $49.49. The company has a market capitalization of $28.97 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 3.15 and a beta of 0.85. Teck Resources has a 52 week low of $30.98 and a 52 week high of $63.26. 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 quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.39. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.28 billion. Teck Resources had a net margin of 14.91% and a return on equity of 8.08%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, equities research analysts anticipate that Teck Resources will post 2.59 earnings per share for the current fiscal year.

Teck Resources Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) is 18.32%.

Institutional Investors Weigh In On Teck Resources

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Teck Resources by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 20,185,694 shares of the basic materials company’s stock worth $966,370,000 after purchasing an additional 278,481 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Teck Resources by 11.6% during the 4th quarter. Principal Financial Group Inc. now owns 18,832,299 shares of the basic materials company’s stock worth $902,769,000 after purchasing an additional 1,953,070 shares in the last quarter. Davis Selected Advisers increased its position in shares of Teck Resources by 9.0% during the 4th quarter. Davis Selected Advisers now owns 12,019,609 shares of the basic materials company’s stock worth $575,620,000 after purchasing an additional 995,947 shares in the last quarter. Hancock Prospecting Pty Ltd increased its position in shares of Teck Resources by 31.7% during the 4th quarter. Hancock Prospecting Pty Ltd now owns 10,298,293 shares of the basic materials company’s stock worth $493,185,000 after purchasing an additional 2,477,344 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Teck Resources during the 4th quarter worth about $404,880,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Key Headlines Impacting Teck Resources

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

• Positive Sentiment: Q1 earnings materially beat expectations — Teck reported sharply higher EPS (around $1.25–$1.28) and strong revenue growth driven by record copper sales and higher volumes, which boosted near-term earnings visibility and underpins commodity-linked upside. Read More.
• Positive Sentiment: Analysts lifting estimates — Several outlets report upward EPS estimate revisions after the quarter, improving FY26 outlook and supporting valuation multiple expansion. Read More.
• Positive Sentiment: Board declared a quarterly dividend of $0.125/sh (record June 15, payable June 30), a modest yield that signals cash-return discipline and may support shareholder demand. Read More.
• Positive Sentiment: Index-support risk reduced — S&P is reportedly considering a rule change to keep Teck in Canadian benchmarks after the Anglo merger, which would preserve passive-fund demand for the stock. Read More.
• Neutral Sentiment: Corporate governance update — Teck published voting results from its annual meeting (routine disclosure; no major governance surprises). Read More.
• Neutral Sentiment: Full earnings materials and call transcript available — Management slides and the earnings-call transcript were released for deeper investor review of production, guidance and unit costs. Read More.
• Negative Sentiment: Zacks downgraded TECK from “strong-buy” to “hold,” which could reduce buy-side momentum from that research channel. Read More.
• Negative Sentiment: Cost risk from Middle East conflict — Management warned of rising fuel costs for Chile operations due to energy/supply-chain shocks, a potential margin headwind if sustained. Read More.

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.