FY2026 EPS Estimates for Teck Resources Reduced by Analyst

Teck Resources Limited (NYSE:TECK) (TSE:TECK) – Analysts at National Bank Financial reduced their FY2026 earnings estimates for shares of Teck Resources in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $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) (TSE:TECK) last issued its quarterly earnings data 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 net margin of 3.32% and a return on equity of 6.37%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was down 20.6% compared to the same quarter last year.

TECK has been the topic of several other research reports. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Paradigm Capital raised shares of Teck Resources to a “moderate buy” rating in a research note on Friday, July 26th. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Teck Resources in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft cut Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research note on Friday, October 25th. Finally, BMO Capital Markets started coverage on Teck Resources in a research note on Monday, July 15th. They set an “outperform” rating for the company. Four investment 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.29.

Teck Resources Stock Down 4.6 %

NYSE:TECK opened at $48.69 on Friday. Teck Resources has a 52 week low of $34.38 and a 52 week high of $55.13. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $48.66 and its two-hundred day moving average is $48.77. The stock has a market capitalization of $24.64 billion, a price-to-earnings ratio of 73.77 and a beta of 1.04.

Hedge Funds Weigh In On Teck Resources

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in shares of Teck Resources in the 2nd quarter valued at $38,000. Eastern Bank purchased a new stake in Teck Resources in the third quarter valued at $39,000. Bruce G. Allen Investments LLC boosted its stake in Teck Resources by 77.4% in the third quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 383 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Teck Resources by 583.1% during the second quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 898 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Teck Resources by 69.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 409 shares in the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

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.