Zacks Research Raises Earnings Estimates for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Research analysts at Zacks Research lifted their FY2026 earnings estimates for shares of Teck Resources in a note issued to investors on Thursday, January 29th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $1.74 per share for the year, up from their prior estimate of $1.45. 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 $1.85 EPS.

TECK has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $46.00 target price on shares of Teck Resources in a report on Wednesday, November 26th. Natl Bk Canada lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Veritas upgraded shares of Teck Resources from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 15th. TD Securities lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, UBS Group reissued a “buy” rating on shares of Teck Resources in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Teck Resources Stock Up 1.4%

Shares of Teck Resources stock opened at $54.51 on Monday. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.15. Teck Resources has a 12 month low of $28.32 and a 12 month high of $60.71. The business has a fifty day simple moving average of $48.04 and a 200 day simple moving average of $41.87. The stock has a market cap of $26.21 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 0.54 and a beta of 0.79.

Institutional Investors Weigh In On Teck Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in 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. grew its holdings in shares of Teck Resources by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 18,832,299 shares of the basic materials company’s stock worth $902,769,000 after buying an additional 1,953,070 shares in the last quarter. Davis Selected Advisers grew its holdings in shares of Teck Resources by 9.0% during the fourth quarter. Davis Selected Advisers now owns 12,019,609 shares of the basic materials company’s stock worth $575,620,000 after buying an additional 995,947 shares in the last quarter. Norges Bank acquired a new stake in Teck Resources in the 2nd quarter valued at approximately $437,657,000. Finally, Boston Partners lifted its stake in Teck Resources by 1.2% in the 2nd quarter. Boston Partners now owns 9,365,206 shares of the basic materials company’s stock valued at $378,167,000 after acquiring an additional 113,431 shares in the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

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.