FY2026 EPS Estimates for Teck Resources Lowered by Analyst

Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK - Research analysts at National Bank Financial reduced their FY2026 EPS estimates for Teck Resources in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $1.77 per share for the year, down from their previous estimate of $1.81. The consensus estimate for Teck Resources' current full-year earnings is $1.91 per share.

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

TECK has been the subject of several other research reports. Benchmark reiterated a "buy" rating and issued a $55.00 target price on shares of Teck Resources in a research report on Thursday, July 25th. Paradigm Capital raised shares of Teck Resources to a "moderate buy" rating in a report on Friday, July 26th. Scotiabank increased their price target on Teck Resources from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, October 8th. Citigroup upgraded shares of Teck Resources to a "hold" rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets started coverage on shares of Teck Resources in a research note on Monday, July 15th. They issued an "outperform" rating on the stock. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.29.

Teck Resources Stock Down 5.5 %

Shares of Teck Resources stock traded down $2.80 during trading on Friday, reaching $48.26. The company had a trading volume of 2,233,877 shares, compared to its average volume of 3,395,723. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. Teck Resources has a fifty-two week low of $34.38 and a fifty-two week high of $55.13. The firm's fifty day moving average is $48.65 and its 200-day moving average is $48.73. The company has a market cap of $24.43 billion, a price-to-earnings ratio of 77.36 and a beta of 1.04.

Institutional Investors Weigh In On Teck Resources

Several hedge funds and other institutional investors have recently bought and sold shares of TECK. Premier Fund Managers Ltd grew its position in Teck Resources by 4.8% in the third quarter. Premier Fund Managers Ltd now owns 109,000 shares of the basic materials company's stock worth $5,716,000 after buying an additional 5,000 shares during the last quarter. Braun Stacey Associates Inc. increased its position in shares of Teck Resources by 0.6% in the third quarter. Braun Stacey Associates Inc. now owns 430,503 shares of the basic materials company's stock worth $22,489,000 after acquiring an additional 2,749 shares in the last quarter. Swiss National Bank raised its holdings in shares of Teck Resources by 1.0% during the third quarter. Swiss National Bank now owns 1,391,579 shares of the basic materials company's stock valued at $72,799,000 after acquiring an additional 14,000 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Teck Resources by 129.6% in the third quarter. Natixis Advisors LLC now owns 246,190 shares of the basic materials company's stock valued at $12,861,000 after purchasing an additional 138,952 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Teck Resources by 3.4% in the third quarter. Empowered Funds LLC now owns 21,607 shares of the basic materials company's stock worth $1,129,000 after buying an additional 707 shares during the period. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Company Profile

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.