FY2026 EPS Estimates for Teck Resources Decreased by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – National Bank Financial cut their FY2026 earnings per share (EPS) estimates for Teck Resources in a report issued on Wednesday, November 6th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $1.77 for the year, down from their prior estimate of $1.81. The consensus estimate for Teck Resources’ current full-year earnings is $1.91 per share.

Other analysts also recently issued research reports about the stock. CIBC upped their price target on shares of Teck Resources from $70.00 to $80.00 and gave the company an “outperformer” rating in a research report on Friday, July 12th. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a research note on Friday, July 26th. Scotiabank raised their price objective on shares of Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, October 8th. UBS Group upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $78.00 in a report on Wednesday, September 4th. Finally, Benchmark restated a “buy” rating and issued a $55.00 price target on shares of Teck Resources in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.29.

Teck Resources Price Performance

Shares of TECK opened at $51.06 on Friday. The firm’s fifty day simple moving average is $48.65 and its 200-day simple moving average is $48.73. The firm has a market capitalization of $25.84 billion, a price-to-earnings ratio of 77.36 and a beta of 1.04. Teck Resources has a twelve month low of $34.38 and a twelve month high of $55.13. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.36 by $0.24. Teck Resources had a return on equity of 6.37% and a net margin of 3.32%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was down 20.6% on a year-over-year basis.

Institutional Investors Weigh In On Teck Resources

Large investors have recently made changes to their positions in the company. Daymark Wealth Partners LLC lifted its stake in shares of Teck Resources by 2.8% in the third quarter. Daymark Wealth Partners LLC now owns 8,774 shares of the basic materials company’s stock worth $458,000 after buying an additional 242 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in Teck Resources by 3.8% during the second quarter. Cigna Investments Inc. New now owns 8,762 shares of the basic materials company’s stock valued at $420,000 after purchasing an additional 317 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of Teck Resources by 4.0% in the 2nd quarter. Candriam S.C.A. now owns 8,897 shares of the basic materials company’s stock worth $426,000 after acquiring an additional 343 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Teck Resources by 7.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,064 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 365 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its holdings in Teck Resources by 77.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after buying an additional 383 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

About Teck Resources

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.