Zacks Research Lowers Earnings Estimates for Teck Resources

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Research analysts at Zacks Research reduced their Q2 2027 EPS estimates for Teck Resources in a research note issued to investors on Tuesday, June 30th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $0.46 per share for the quarter, down from their prior estimate of $0.47. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Teck Resources’ current full-year earnings is $3.31 per share. Zacks Research also issued estimates for Teck Resources’ Q3 2027 earnings at $0.63 EPS and FY2027 earnings at $2.26 EPS.

A number of other research analysts have also weighed in on TECK. Weiss Ratings raised shares of Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Teck Resources in a research note on Friday, May 15th. JPMorgan Chase & Co. boosted their price objective on Teck Resources from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded Teck Resources to a “buy” rating in a research note on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, Teck Resources has an average rating of “Hold” and an average price target of $59.17.

Teck Resources Stock Performance

NYSE:TECK opened at $59.37 on Thursday. Teck Resources has a 1 year low of $30.98 and a 1 year high of $71.25. The firm’s fifty day simple moving average is $62.43 and its 200 day simple moving average is $56.09. The company has a current ratio of 2.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $28.66 billion, a PE ratio of 21.75, a PEG ratio of 3.53 and a beta of 0.92.

Teck Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. Teck Resources’s dividend payout ratio is 13.19%.

Institutional Trading of Teck Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of Teck Resources by 11.1% during the 1st quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock worth $1,264,000 after purchasing an additional 3,458 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Teck Resources by 453.0% in the first quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock valued at $354,000 after buying an additional 7,963 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Teck Resources by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock valued at $16,971,000 after buying an additional 8,146 shares during the period. Marshall Wace LLP grew its position in Teck Resources by 189.3% during the second quarter. Marshall Wace LLP now owns 218,242 shares of the basic materials company’s stock worth $8,813,000 after buying an additional 142,816 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Teck Resources by 4,602.9% during the second quarter. NewEdge Advisors LLC now owns 8,183 shares of the basic materials company’s stock worth $330,000 after buying an additional 8,009 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.