Q1 EPS Estimates for Teck Resources Lifted by Zacks Research

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) – Analysts at Zacks Research raised their Q1 2027 EPS estimates for shares of Teck Resources in a research note issued to investors on Wednesday, October 28th. Zacks Research analyst Team now anticipates that the basic materials company will earn $0.79 per share for the quarter, up from their prior forecast of $0.70. The consensus estimate for Teck Resources’ current full-year earnings is $4.32 per share. Zacks Research also issued estimates for Teck Resources’ Q2 2027 earnings at $0.78 EPS.

Several other research analysts have also recently commented on the company. Raymond James Financial upgraded Teck Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 23rd. Weiss Ratings lowered Teck Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Wall Street Zen downgraded Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. JPMorgan Chase & Co. lifted their price objective on Teck Resources from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Teck Resources from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.80.

Teck Resources Stock Up 0.9%

Shares of NYSE TECK opened at $62.85 on Thursday. Teck Resources has a 1 year low of $38.00 and a 1 year high of $72.56. The firm has a market cap of $30.36 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.88 and a beta of 1.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.33 and a current ratio of 3.12. The stock’s 50-day simple moving average is $66.32 and its 200-day simple moving average is $60.32.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TECK. Principal Financial Group Inc. increased its position in shares of Teck Resources by 17.1% in the 1st quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company’s stock worth $1,139,051,000 after purchasing an additional 3,211,985 shares during the last quarter. HBK Investments L P raised its stake in shares of Teck Resources by 264.2% in the 2nd quarter. HBK Investments L P now owns 5,773,121 shares of the basic materials company’s stock valued at $343,270,000 after purchasing an additional 4,188,029 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in shares of Teck Resources by 7.1% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,685,453 shares of the basic materials company’s stock valued at $294,015,000 after purchasing an additional 378,069 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Teck Resources by 48.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,270,386 shares of the basic materials company’s stock valued at $272,955,000 after purchasing an additional 1,720,066 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Teck Resources by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,185,349 shares of the basic materials company’s stock worth $268,261,000 after purchasing an additional 28,531 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors.

Teck Resources Company Profile

Teck Resources Limited is a Canadian mining and mineral development company focused primarily on copper and zinc, commodities used in electrification, infrastructure, manufacturing and other industrial applications. The company explores for, develops and operates mines, mineral processing facilities and related infrastructure.

Teck’s copper assets include Highland Valley Copper in British Columbia, Canada; Carmen de Andacollo in Chile; and Quebrada Blanca in northern Chile. Its zinc operations include the Red Dog mine in Alaska and the Trail Operations metallurgical complex in British Columbia, which produces refined metals, alloys and other related products.