Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)

Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)

TECK

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Market Cap$29.1B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)Teck Resources Ltd - Ordinary Shares - Class B (Sub Voting)16.50.6%9%2.20.4

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Q2/1H financial performance (strong upside vs prior year): Adjusted EBITDA tripled to $2.2B in Q2 2026; cash flow from operations $1.7B; net cash position up $756M in Q2 and up ~$1B in the first half. Adjusted EBITDA margin hit a record 61% (vs 36% in Q2’25). Profitability improved despite energy headwinds due to stronger commodity/byproduct pricing and better operational delivery.
Operational momentum & costs (good): Copper production rose ~25% YoY in Q2 across operations. QB delivered its 3rd consecutive quarter of stable operations; QB copper output 55.8k tonnes vs 52.7k a year ago. The company reduced net cash unit costs despite energy inflation (~7¢/lb impact in copper): copper net cash unit costs improved from $2.02/lb to $1.64/lb; zinc net cash unit costs improved from 49¢/lb to 35¢/lb. Net cash returned to shareholders: $61M regular quarterly base dividend in Q2.
Guidance/outlook (unchanged) and 2H expectations (prudent / not top-end): Management stated no changes to annual guidance. Copper guidance unchanged: 2026 copper production still expected 455–530k tonnes (vs 454k last year). Company emphasized stability as the priority and suggested second-half production headwinds are real, including expected downtime/tie-ins for Highland Valley mine life extension and lower grades / feed impacts at some sites in 2H (also mentioned potential reductions at HPC and Antamina), explaining why they did not steer toward the top of the range.

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Target Price by Analysts

8% upsideTeck Resources Target Price DetailsTarget Price
$-5.75

Current Fair Value

109.6% downside

Overvalued by 109.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$29.10 Billion
Enterprise Value$32.84 Billion
Dividend Yield$0.36 (0.60%)
Earnings per Share$2.84
Beta1.59
Outstanding Shares490,100,000

Return

Return on Equity9.05%ROE
Return on Assets5.20%
Return on Invested Capital8.93%

Valuation & Multiples

P/E Ratio16.53P/E Ratio
PEG5.25PEG
Price to Sales2.15Price to Sales
Price to Book Ratio1.04Price to Book Ratio
Enterprise Value to Revenue2.35
Enterprise Value to EBIT8.33
Enterprise Value to Net Income13
Total Debt to Enterprise0.3
Debt to Equity0.35Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 23, 2026
EPS Estimate
$0.95
Average shareholder expectation
Revenue Estimate
$2.38 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$0.95
Average shareholder expectation
Revenue Estimate
$2.95 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 40.92%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.90% 64.96%
Total Invested$849.42M 95.06%
Investors Holding148 382.00%

ESG Score

No data

About Teck Resources Ltd

10,700 employees
CEO: Donald Lindsay

Headquartered in Vancouver, Canada, Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, zinc and steelmaking coal, as well as investments in energy assets.

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and analysis for tax legislation, directly influencing corporate tax structures and capital investment credits that impact Teck Resources' financial planning and profitability.

Finance

This committee controls taxation and trade policy, both of which are critical for the profitability of a multinational resource company like Teck Resources through corporate tax rates and tariffs.

Appropriations

This committee allocates federal spending for infrastructure, scientific research, and other programs, directly influencing demand for Teck Resources' products (e.g., copper and zinc in construction).

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC and commodity derivatives markets, directly impacting the trading and pricing mechanisms for Teck Resources' products like copper, zinc, and coal.

Energy and Natural Resources

This committee has direct oversight of national energy policy, public lands, and the mining sector, directly impacting Teck Resources' core business units (copper, zinc, coal, energy assets).

Environment and Public Works

This committee regulates environmental protection (EPA), directly impacting mining operations and costs for Teck Resources. Infrastructure spending also drives demand for their products.