Scotiabank Increases Earnings Estimates for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Equities researchers at Scotiabank lifted their FY2026 EPS estimates for Teck Resources in a research report issued to clients and investors on Friday, April 17th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will earn $3.09 per share for the year, up from their previous estimate 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 announced its 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. Teck Resources had a net margin of 12.98% and a return on equity of 5.90%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis.

TECK has been the subject of several other research reports. Zacks Research upgraded shares of Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, March 23rd. Truist Financial set a $67.00 target price on shares of Teck Resources in a report on Monday, February 23rd. Benchmark increased their target price 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. Citigroup upgraded shares of Teck Resources from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Teck Resources in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve 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 Stock Performance

Shares of TECK opened at $59.13 on Tuesday. Teck Resources has a 12 month low of $30.98 and a 12 month high of $62.41. The firm has a fifty day simple moving average of $54.58 and a 200 day simple moving average of $49.13. The stock has a market capitalization of $28.50 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.01 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 Dividend Announcement

The company also recently declared 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 was Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) is currently 18.32%.

Institutional Trading of Teck Resources

A number of large investors have recently added to or reduced their stakes in TECK. Norges Bank acquired a new stake in Teck Resources in the fourth quarter valued at $404,880,000. Principal Financial Group Inc. lifted its stake in Teck Resources by 36.1% in the third quarter. Principal Financial Group Inc. now owns 16,879,229 shares of the basic materials company’s stock valued at $740,604,000 after acquiring an additional 4,474,637 shares during the last quarter. Wellington Management Group LLP lifted its stake in Teck Resources by 264.5% in the third quarter. Wellington Management Group LLP now owns 5,781,060 shares of the basic materials company’s stock valued at $253,695,000 after acquiring an additional 4,194,868 shares during the last quarter. Pentwater Capital Management LP lifted its stake in Teck Resources by 124.1% in the fourth quarter. Pentwater Capital Management LP now owns 6,500,000 shares of the basic materials company’s stock valued at $311,285,000 after acquiring an additional 3,600,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Teck Resources in the fourth quarter valued at $169,999,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Key Teck Resources News

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

• Positive Sentiment: Zacks Research raised multiple near?term and medium?term EPS forecasts (including Q1–Q3 2026 and several 2027 quarters) and lifted FY2026 and FY2027 estimates (FY2026 to $2.09; FY2027 to $2.34). Zacks also holds a “Strong?Buy” rating — a clear catalyst for buying interest as it boosts earnings visibility.
• Positive Sentiment: Notable single?quarter upgrades from Zacks include bigger raises to Q2 2026 (to $0.49 from $0.41) and Q3 2026 (to $0.59 from $0.52), which suggest analysts expect stronger commodity pricing or operational performance in upcoming quarters.
• Neutral Sentiment: Scotiabank raised its FY2026 EPS view materially (to $3.09 from $2.76) but kept a “Sector Perform” rating — the EPS revision is supportive, but the neutral/benchmark stance tempers the bullish signal.
• Neutral Sentiment: Third?party comparison coverage (survey/comparison piece) is circulating but does not add new company?specific catalysts. Comparison Article
• Negative Sentiment: Offsetting the positive revisions, Zacks slightly trimmed its Q4 2026 estimate (to $0.51 from $0.53). While small, this cut signals some near?term uncertainty and could limit upside until quarterly results confirm the higher forecasts.

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.