TECK

Teck Resources Ltd (TECK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $1.00 per share in its upcoming report, which represents a year-over-year change of +81.8%. Revenues are expected to be $2.92 billion, up 19% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 5.76% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Teck Resources, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.83%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that Teck Resources will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Teck Resources would post earnings of $0.78 per share when it actually produced earnings of $1.39, delivering a surprise of +78.21%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Teck Resources doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teck Resources Ltd (TECK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Teck Resources Ltd (TECK), which belongs to the Zacks Mining - Miscellaneous industry. This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 73.31%. For the last reported quarter, Teck Resources came out with earnings of $1.39 per share versus the Zacks Consensus Estimate of $0.78 per share, representing a surprise of 78.21%. For the previous quarter, the company was expected to post earnings of $0.76 per share and it actually produced earnings of $1.28 per share, delivering a surprise of 68.42%. For Teck Resources, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Teck Resources has an Earnings ESP of +1.24% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on October 29, 2026. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teck Resources Ltd (TECK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Reliance (RS) came out with quarterly earnings of $8.02 per share, beating the Zacks Consensus Estimate of $6.76 per share. This compares to earnings of $3.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +18.64%. A quarter ago, it was expected that this metals service-center company would post earnings of $5.38 per share when it actually produced earnings of $6.27, delivering a surprise of +16.54%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Reliance, which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $5.21 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 11.40%. This compares to year-ago revenues of $3.65 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Reliance shares have added about 44.5% since the beginning of the year versus the S&P 500's gain of 12.7%. While Reliance has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Reliance was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.40 on $4.33 billion in revenues for the coming quarter and $23.70 on $17.67 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Teck Resources Ltd (TECK), has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29. This company is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +76.4%. The consensus EPS estimate for the quarter has been revised 11.7% higher over the last 30 days to the current level. Teck Resources Ltd's revenues are expected to be $2.87 billion, up 16.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Reliance, Inc. (RS) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Titan Mining Corporation? Here are five stocks we like better. Record zinc-quarter performance: Titan produced 17.5 million payable pounds of zinc, while revenue rose 57% year over year to $25.7 million and adjusted EBITDA nearly quadrupled to $9.6 million. C1 cash costs and all-in sustaining costs were below full-year guidance, though capital spending is expected to increase in the second half. Graphite project advances toward commercialization: Kilbourne Graphite secured two initial customer agreements after quarter-end, and testing confirmed battery-grade graphite through the full processing chain. Titan remains on schedule with its feasibility study and is targeting an early 2027 construction decision, subject to approvals, permitting and financing. Additional growth and funding opportunities: Sampling confirmed germanium enrichment across Titan’s Empire State Mines district, with recovery options under evaluation alongside Teck Resources. The company ended June with $13.3 million in cash, $29.1 million in available liquidity and net debt down 47% year over year. Titan Mining (NYSEAMERICAN:TII) reported record second-quarter financial results as higher zinc production, lower unit costs and stronger zinc prices lifted revenue and adjusted EBITDA. The company also highlighted early commercial progress at its Kilbourne Graphite project, including two customer agreements announced after the quarter ended, while advancing germanium recovery studies at its Empire State Mines operations. “Zinc remains the engine funding everything else we are doing,” Vice President of Operations Joel Rheault said during the company’s second-quarter 2026 investor call. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat Titan produced 17.5 million payable pounds of zinc during the second quarter, up 13% from a year earlier and 23% from the first quarter. The production total was ahead of the mine plan, Rheault said, and the company recovered all output deferred by a January hoisting outage by the end of the quarter. Mining activity was focused on the Mahler, New Fold and Mud Pond zones. Recovery of high-grade pillars in Lower Mahler and long-hole stoping in the Mud Pond Apron supported above-target grades and tonnage, according to the company. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Chief Financial Officer Rick Pozzebon, who joined Titan in July, said second-quarter revenue rose 57% year over year and 31% sequentially to $25.7 million. The company sold 17.2 million payable pounds of zinc at an average provisional zinc price of $1.57 per pound, a 31% increase from the prior-year period. Adjusted EBITDA reached $9.6 million, nearly four times the comparable quarter of 2025 and 135% above the first quarter. First-half adjusted EBITDA totaled $13.6 million. Titan reported net income before tax of $6.1 million, including a $2.7 million non-cash gain on derivative instruments related to an IFRS fair-value adjustment on warrants. Net income after tax was $5.4 million, or $0.06 per share. → First Solar’s Profit Engine Faces a New Policy Test in Washington C1 cash costs were $0.88 per payable pound, while all-in sustaining costs were $0.96 per pound. Both measures were below Titan’s full-year guidance ranges. However, Rheault said sustaining capital spending is weighted toward the second half, meaning first-half costs should not be viewed as the full-year run rate. Full-year zinc production guidance: 62 million to 66 million payable pounds. Full-year C1 cash cost guidance: $0.93 to $1.01 per pound. Full-year all-in sustaining cost guidance: $1.07 to $1.17 per pound. The company spent $1.8 million in capital during the quarter, primarily on underground development and mobile equipment. Projects underway include a production shaft rail replacement, Number 2 shaft secondary-egress rehabilitation, a mill fine-ore-bin chute rebuild and power expansion at Mud Pond. President and CEO Rita Adiani said Titan signed its first two customer agreements for the Kilbourne Graphite project after the quarter ended. One was a conditional supply agreement with refractory products company RHI Magnesita, while the other was a non-binding letter of intent with a U.S. manufacturer serving aerospace, defense and advanced industrial markets. RHI Magnesita’s laboratory qualification confirmed that Kilbourne graphite meets its refractory specifications, and commercial-scale testing has begun in the customer’s manufacturing operations, Adiani said. The agreement covers an initial volume and could expand to as much as 10% of Kilbourne’s projected commercial production, subject to a successful production trial. The U.S. manufacturer has initiated its own qualification testing using demonstration-plant samples and has reported early positive results, according to Titan. Both agreements remain subject to customary conditions. The feasibility study for a proposed 40,000-tonne-per-year Kilbourne facility is fully funded and on schedule. Titan had spent $5.3 million of the study’s approximately $20.7 million budget as of June 30. The company said the work includes mine design, resource-to-reserve conversion, metallurgical flowsheet refinement, site layout, and capital and operating cost estimates. Titan also said it confirmed battery-grade graphite production across its full process chain, from ore concentration to spherical graphite, after quarter-end. Rheault said the result supports assumptions in the project’s preliminary economic assessment and de-risks the downstream flowsheet. The company remains targeting an early 2027 construction decision, subject to board approval, completion of the feasibility study, permitting and financing. Titan said it is conducting due diligence and finalizing business terms with the U.S. Army after receiving conditional selection notices for Enhanced Use Lease opportunities at defense installations in Arkansas and Alabama. The company is considering Army property for a Kilbourne graphite purification plant. Titan continued work with Teck Resources following a May cooperation agreement to assess recovery of germanium from existing process streams. Adiani described germanium as a potential low-capital opportunity because some of the material being evaluated has already been mined and processed. A property-wide sampling program covering six underground ore bodies, along with the Number 4 and Edwards historic tailings facilities, confirmed germanium enrichment across the district, Titan said. The company is evaluating two potential routes: producing a pre-concentrate for Teck, or assessing a standalone processing facility based on broader district-scale potential. Titan said it is prioritizing higher-grade material while conducting deportment, mineralogical and recovery test work. Adiani said the company expects future disclosures to provide estimates of the germanium opportunity and related test-work results, though assays and certain recovery results remain pending. Graphite-related expenditures were $4.8 million in the second quarter and $7.1 million during the first half, including spending on the demonstration facility and Kilbourne feasibility work. Titan completed its first at-the-market equity financing during the quarter, issuing 520,000 shares for gross proceeds of $2.1 million. The company ended June with $13.3 million in cash and $29.1 million in available liquidity, including $15.8 million of undrawn capacity under its EXIM facility. Net debt was $12.8 million, down 47% from a year earlier. During the question-and-answer session, Adiani said Titan continues to engage with the U.S. Department of Energy, Department of Defense and Export-Import Bank regarding potential non-dilutive government investment. She also said the company is discussing potential price-floor mechanisms, particularly for germanium. Adiani attributed elevated zinc prices to contraction in the concentrate market, including smelter shutdowns and maintenance downtime in Asia that have contributed to inventory shortages. She said Titan expects zinc prices could remain elevated over the next several quarters, while noting the company plans to continue funding some growth initiatives through cash reserves if zinc prices remain robust. Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat– Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Titan Mining Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Southern Copper Corporation (SCCO) reported second-quarter earnings per share (EPS) of $2.01, surpassing the Zacks Consensus Estimate of $1.97. The bottom line came in 71.8% higher than the year-ago quarter’s earnings of $1.17 per share, aided by stronger metal prices and improved operating profitability. Revenues surged 40.6% year over year to a quarterly record of $4.29 billion but missed the consensus estimate of $4.37 billion by 1.88%. Higher prices for copper, molybdenum, zinc and silver were offset by lower sales volumes for copper and its main products. Cost of sales increased 14.7% year over year to $1.39 billion. Total operating costs and expenses rose 13.8% to $1.67 billion, reflecting higher spending on operating materials, purchased copper, diesel and fuel, and workers’ participation. Southern Copper Corporation price-consensus-eps-surprise-chart | Southern Copper Corporation Quote Operating cash cost after incorporating by-product revenue credits was five cents per pound in the quarter compared with 63 cents in the prior-year quarter, owing to an increase in by-product revenue credits. Operating income jumped 65.3% to $2.62 billion. Adjusted EBITDA reached a record $2.86 billion, up 59.5% from the prior-year quarter. The adjusted EBITDA margin expanded 790 basis points to 66.6%, reflecting stronger realized prices and disciplined cost management. Net income attributable to SCCO also reached a record $1.67 billion, rising 71.6% year over year. The net income margin improved to 38.9% from 31.9% in the year-ago period. Southern Copper mined 230,662 tons of copper in the reported quarter, down 3.5% year over year. Total copper production decreased 3.6% year over year to 232,521 tons, including third-party concentrate. A 12% decline at the Peruvian operations more than offset a 3.2% increase in Mexico.  Copper sales declined 1.5% to 220,712 tons.The company mined 7,046 tons of molybdenum in the reported quarter, reflecting a year-over-year decline of 11%. Sales were 6,821 tons in the quarter under review, down 13% from the second quarter of 2025.Zinc production declined 14.5% year over year to 39,257 tons in the quarter under review on lower production at the Buenavista zinc concentrator. Zinc sales decreased 8.8% year over year to 40,570 tons in the quarter.Southern Copper's silver production was down 3.8% year over year to 5.76 million ounces, and sales were down 8.7% year over year to 5.516 million ounces. Net cash provided by operating activities totaled $1.99 billion in the quarter, more than double the prior-year figure. For the first six months of 2026, operating cash flow increased 116.9% to $3.68 billion, supported by stronger earnings and lower operating working-capital requirements. Cash and cash equivalents stood at $5.67 billion as of June 30, 2026, while short-term investments totaled $1.66 billion. Long-term debt was $7.99 billion following the issuance of $1.25 billion of 10-year senior unsecured notes carrying a 5.35% interest rate. The proceeds are intended primarily to support the Tía María project and other capital needs of the company’s Peruvian operations. For 2026, Southern Copper expects copper production to reach 917,000 tons, which is 1% above its previous target but implies a 5% year-over-year decline. Molybdenum production is now projected at 27,900 tons, a 7% increase from its previous target, indicating a 10% decline from the 2025 level. Silver output is projected at 24 million ounces, a decrease of 1% compared with 2025.  Zinc production for the year is projected at 163,900 tons, 7% lower than the 2025 level. The company’s shares have gained 84.6% in the past year compared with the industry’s 51.2% growth. Image Source: Zacks Investment Research Freeport-McMoRan Inc. FCX reported adjusted EPS of 74 cents in the second quarter, up around 37% year over year from 54 cents. The figure topped the Zacks Consensus Estimate of 62 cents. Revenues declined around 7.3% year over year to approximately $7.03 billion. The figure surpassed the Zacks Consensus Estimate of $6.47 billion. Higher realized metal prices were offset by lower copper and gold volumes. Copper production fell around 18.4% year over year to 786 million pounds in the reported quarter. Consolidated copper sales declined approximately 30.1% year over year to 710 million pounds. The fall primarily resulted from lower operating rates at PTFI during the phased ramp-up of the Grasberg Block Cave underground mine.   The company sold 123,000 ounces of gold in the quarter, down 76.4% year over year. Freeport also sold 25 million pounds of molybdenum, up 13.6% from the prior-year quarter. Teck Resources Limited TECK reported second-quarter 2026 adjusted EPS of CAD $1.93 or $1.39, beating the Zacks Consensus Estimate of 78 cents. It marked a substantial improvement of 415% from the earnings of 27 cents per share in the year-ago quarter. This was attributed to higher base metal prices and increased sales volume of copper and zinc. Including one-time items, the company reported EPS of $1.26 in the quarter compared with the year-ago quarter’s 30 cents. Net sales amounted to $2.6 billion, surpassing the Zacks Consensus Estimate of $2.3 billion. The figure reflects a 78% year-over-year improvement, aided by higher copper and zinc prices and sales. Southern Copper currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Another top-ranked stock from the basic materials space is Bunge Global SA BG, which sports a Zacks Rank of 1 at present. Bunge has an average trailing four-quarter earnings surprise of 27.5%. The Zacks Consensus Estimate for the company’s fiscal 2026 earnings is pegged at $9.74 per share, implying 28.7% year-over-year growth. Bunge shares have gained 59% in a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Copper Corporation (SCCO) : Free Stock Analysis Report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report Bunge Global SA (BG) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Teck Resources Limited TECK reported second-quarter 2026 adjusted earnings per share (EPS) of $1.39, beating the Zacks Consensus Estimate of 78 cents. It marked a substantial improvement of 415% from the earnings of 27 cents per share in the year-ago quarter. This was attributed to higher base metal prices and increased sales volume of copper and zinc. Including one-time items, the company reported EPS of $1.26 in the quarter compared with the year-ago quarter’s 30 cents. Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote Net sales amounted to $2.6 billion, surpassing the Zacks Consensus Estimate of $2.3 billion. The figure reflects a 78% year-over-year improvement, aided by higher copper and zinc prices and sales. The gross profit was CAD$1.67 billion ($1.21 billion), skyrocketing 255% from the year-ago quarter. The gross margin was 46.3% compared with the year-ago quarter’s 23.3%. The adjusted EBITDA was around CAD$2.2 billion ($1.59 billion), which soared 204% from the year-earlier period. The EBITDA margin was 60.8% in the quarter under review compared with the year-ago quarter’s 35.7%. The Copper segment’s revenues surged 85.8% year over year to C$2.7 billion ($1.95 billion). The increase reflected significantly higher copper prices and stronger sales volumes across the company’s operations. The realized copper price rose to $6.09 per pound from $4.36 in the prior-year quarter. Total copper production was around 135,900 tons, 25% higher than the first quarter of 2025, attributed to improved performance across all operations. Copper sales increased 33.7% to 135,700 tons. Highland Valley Copper production increased 32% year over year to 42,800 tons, supported by higher throughput, grades and recoveries. Antamina’s copper production, on a 100% basis, climbed 67% to 108,500 tons. Carmen de Andacollo produced 12,800 tons, up from 9,400 tons on better grades and recoveries. Quebrada Blanca produced 55,800 tons of copper, up 6% from a year earlier. Stable asset utilization, consistent plant performance and progress on tailings management supported the operation. The segment’s gross profit skyrocketed 309% year over year to CAD$1.34 billion ($972 million), attributed to higher copper prices and sales volume. Copper net cash unit costs decreased to $1.64 per pound from $2.02 per pound a year earlier, helped by higher production and stronger silver and molybdenum by-product credits. The Zinc segment’s net sales jumped 59% year over year to CAD$903 million ($654 million) on improved zinc prices and higher zinc concentrate sales volumes. The realized zinc price rose 32% to $1.57 per pound compared with the prior-year quarter. Red Dog produced 112,000 tons of zinc, down 18% year over year owing to lower grades as anticipated in the mine plan. However, zinc sales volumes at Red Dog rose 4% to 36,500 tons, and came within TECK’s guidance of 30,000-40,000 tons. Trail Operations’ refined zinc production dipped 2% to 49,800 tons, reflecting planned maintenance. Refined zinc sales were up 5.7% to around 37,000 tons. Segment gross profit rose 130% year over year to C$329 million ($238 million), reflecting higher zinc prices and increased by-product revenues at Red Dog and Trail. However, these gains were partially offset by higher cost of sales due to increased concentrate purchases and royalty costs. Net cash unit costs were 35 cents per pound in the second quarter compared with 49 last year due to higher by-product credits driven by increased silver and germanium prices. Second-quarter 2026 net cash unit costs also reflect the normal seasonality of sales at Red Dog. Cash flow from operating activities improved to around C$1.72 billion ($1.24 billion) from C$88 million ($64 million). Teck Resources ended the quarter with C$6.05 billion ($4.38 billion) in cash and cash equivalents and liquidity of C$10.3 billion ($7.5 billion). Its net cash position strengthened to C$1.244 billion ($0.9 million) from C$150 million ($109 million) at the end of 2025. Management retained its previously disclosed 2026 guidance. Copper production remains projected between 455,000 and 530,000 tons. Zinc production is expected in the range of 410,000-460,000 tons, while refined zinc output is forecast between 190,000 and 230,000 tons. Copper net cash unit costs are expected between $1.85 and $2.20 per pound. Zinc net cash unit costs are projected at 65-75 cents per pound. Teck Resources expects third-quarter Red Dog zinc concentrate sales of 220,000-270,000 tons, reflecting the operation’s normal shipping seasonality. The Highland Valley Copper Mine Life Extension project continued to progress, with detailed engineering about 95% complete. Total project capital costs remain estimated at C$2.1-C$2.4 billion, while 2026 spending is expected between C$900 million and C$1.2 billion. Teck Resources also continued advancing Zafranal and San Nicolás toward potential sanction decisions. Meanwhile, the proposed merger with Anglo American remains subject to customary closing conditions and regulatory approvals. The transaction is expected to create Anglo Teck and deliver approximately $800 million in annual pre-tax synergies. The company’s shares have gained 81.4% in the past year compared with the industry’s 30.9% growth. Image Source: Zacks Investment Research Freeport-McMoRan Inc. FCX reported adjusted EPS of 74 cents in the second quarter, up around 37% year over year from 54 cents. The figure topped the Zacks Consensus Estimate of 62 cents. Revenues declined around 7.3% year over year to approximately $7.03 billion. The figure surpassed the Zacks Consensus Estimate of $6.47 billion. Higher realized metal prices were offset by lower copper and gold volumes. Copper production fell around 18.4% year over year to 786 million pounds in the reported quarter. Consolidated copper sales declined approximately 30.1% year over year to 710 million pounds. The fall primarily resulted from lower operating rates at PTFI during the phased ramp-up of the Grasberg Block Cave underground mine.   The company sold 123,000 ounces of gold in the quarter, down 76.4% year over year. Freeport also sold 25 million pounds of molybdenum, up 13.6% from the prior-year quarter. Southern Copper Corporation SCCO reported second-quarter EPS of $2.01, surpassing the Zacks Consensus Estimate of $1.97. The bottom line came in 65% higher than the year-ago quarter’s earnings of $1.22 per share. Southern Copper’s net sales in the quarter were $4.29 billion, marking a 40.6% increase from the year-ago quarter but missing the Zacks Consensus Estimate of $4.37 billion. Higher prices for copper, molybdenum, zinc and silver were offset by lower sales volumes for copper. Southern Copper mined 230,662 tons of copper in the reported quarter, 3.5% lower year over year. Copper sales declined 1.5% year over year to 220,712 tons. Teck Resources currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Another top-ranked stock from the basic materials space is Bunge Global SA BG, which sports a Zacks Rank of 1 at present. Bunge has an average trailing four-quarter earnings surprise of 27.5%. The Zacks Consensus Estimate for the company’s fiscal 2026 earnings is pegged at $9.74 per share, implying 28.7% year-over-year growth. Bunge shares have gained 59% in a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teck Resources Ltd (TECK) : Free Stock Analysis Report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report Bunge Global SA (BG) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Teck Resources (TSX:TECK.B) drew investor attention after reporting second quarter 2026 results that exceeded consensus expectations, with higher copper production, strong adjusted EBITDA and cash flow, and a market reaction that reflected this earnings outperformance. See our latest analysis for Teck Resources. The strong Q2 earnings, record adjusted EBITDA margins and ongoing progress on the Anglo American merger have been accompanied by firm share price momentum, with a 1 day share price return of 4.36% and a 1 year total shareholder return of 76.90% supporting a stronger long term picture. If Teck Resources’ recent move has you looking at other copper producers, it could be a good time to scan the market using the 8 top copper producer stocks Teck Resources now appears to be a stronger copper business on the back of this earnings surprise and merger progress. However, after a 77% 1-year total return, the key question is whether the stock is still reasonably priced or already fully reflecting that strength. Against a last close of CA$84.18, the most followed narrative for Teck Resources points to a fair value of CA$85.00 using an 8.23% discount rate. Read the complete narrative. Want to understand why this small gap between price and fair value still matters? The narrative hinges on copper volumes, margins and a richer earnings mix. The tension lies in how confidently those future cash flows are discounted. Result: Fair Value of CA$85.00 (ABOUT RIGHT) Have a read of the narrative in full and understand what's behind the forecasts. However, Teck Resources’ story can change quickly if project delays or cost overruns at major copper assets persist, or if weaker copper prices pressure revenues and margins. Find out about the key risks to this Teck Resources narrative. While the SWS DCF model suggests Teck Resources is worth around CA$95.42 per share and therefore appears undervalued at CA$84.18, the P/E picture is less forgiving. The stock trades at 22.3x earnings versus a Canadian Metals and Mining average of 14.4x and a fair ratio of 12.2x. This points to heavier valuation risk if expectations cool. See what the numbers say about this price — find out in our valuation breakdown. If this Teck Resources story seems finely balanced between opportunity and concern, consider reviewing the details yourself and weighing both sides with the 2 key rewards and 1 important warning sign If Teck Resources has sharpened your focus on where to put your money next, do not stop here, there are other angles worth checking before the next move. Target steadier growth potential by scanning 5 high quality undervalued stocks that combine pricing appeal with quality fundamentals. Strengthen your income stream by reviewing 6 dividend fortresses built around higher yields and payout resilience. Lean toward sleep-better-at-night ideas by filtering for 9 resilient stocks with low risk scores and see which stocks score well on risk. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TECK-B.TO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Teck Resources Ltd? Here are five stocks we like better. Teck reported a strong Q2 2026, with cash flow from operations of CAD 1.7 billion and adjusted EBITDA of CAD 2.2 billion, nearly tripling from a year ago. Management credited record copper pricing, stronger operations, and improved cost performance, while the adjusted EBITDA margin hit a record 61%. Copper was the main driver, with production up nearly 25% year over year and copper segment gross profit before D&A more than doubling to CAD 1.8 billion. Teck kept full-year copper guidance unchanged but said second-half output should be lower at Highland Valley and Antamina due to planned downtime and lower grades. Teck said operations at Quebrada Blanca continued to stabilize, while the Highland Valley Mine Life Extension is advancing with engineering about 95% complete. The company also maintained progress on its Anglo American merger, saying Chinese regulatory approval remains the key remaining step. Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks Teck Resources (NYSE:TECK) reported sharply higher second-quarter 2026 earnings and cash flow, driven by stronger copper production, favorable commodity prices and improved cost performance across its copper and zinc businesses, executives said on the company’s earnings call Thursday. President and CEO Jonathan Price said Teck generated cash flow from operations of CAD 1.7 billion and tripled adjusted EBITDA to CAD 2.2 billion compared with the same period last year. The company increased its net cash position by CAD 756 million during the quarter and by CAD 1 billion in the first half of 2026. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Teck Resources: America’s Ally in Rare Earth Elements “We’ve delivered another quarter of strong operational and financial performance,” Price said, citing “favorable commodity prices, including another record quarterly average copper price,” as well as stronger operations and favorable by-product pricing. Chief Financial Officer Crystal Prystai said adjusted EBITDA margin rose to a record 61% in the quarter. Teck also returned CAD 61 million to shareholders through its regular quarterly base dividend. → 3 Photonics Companies Making Quantum Tech Possible MarketBeat Week in Review – 4/17 - 4/21 Teck’s copper production rose nearly 25% from the second quarter of 2025, with higher production at all copper operations. Prystai said copper segment gross profit before depreciation and amortization more than doubled to CAD 1.8 billion, while margins increased to 65% from 46% a year earlier. The company attributed the improvement to record copper prices, higher throughput across operations and higher grades at Highland Valley and Antamina, in line with the mine plan. Copper net cash unit costs improved 19%, supported by higher production and by-product credits. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Teck maintained its full-year guidance, including copper production of 455,000 to 530,000 tons, compared with 454,000 tons in 2025. During the question-and-answer session, Price said the company was not pointing investors toward the upper end of guidance because production is expected to be lower in the second half at Highland Valley and Antamina. At Highland Valley, he said Teck expects mill downtime for tie-ins related to the Mine Life Extension project and lower grades in the second half of 2026. Price highlighted continued progress at Quebrada Blanca, or QB, which delivered its third consecutive quarter of stable operations. The mine produced 55,800 tons of copper in the quarter, up from 52,700 tons in the year-earlier period, with stable throughput and recoveries and operating metrics tracking in line with full-year guidance. Teck also reported no tailings management facility-related downtime at the concentrator for the past three quarters. Price said the company completed Rock Bench 5 during the quarter, a milestone that supports freeboard management through the remainder of the year. Teck also completed cyclone station upgrades and increased paddock availability, which improved sand deposition rates. The company is evaluating whether to accelerate additional tailings work by building Rock Bench 6 this year. Price said proceeding with Rock Bench 6 could allow permanent tailings pipeline infrastructure to be installed later in 2026, earlier than planned, improving operational flexibility and reducing execution risk. If approved, construction would begin in late August or early September and be completed around year-end, with estimated 2026 capital investment of about US$100 million. In response to analyst questions, Price said the accelerated Rock Bench 6 work is not expected to directly increase throughput rates, but would “de-risk” operational continuity. Dale Webb, senior vice president of operations for Latin America, said QB is not constrained by the tailings management facility and that the focus is on maintaining stability while improving plant performance over the coming quarters. At Highland Valley, Teck continues to advance its Mine Life Extension project. Price said detailed engineering is approximately 95% complete, procurement is nearing completion and construction activity is ramping up across earthworks, pipelines, brownfield works and supporting infrastructure. The project has achieved more than 1 million hours worked without a high-potential incident or lost-time injury, which Price said reflects a strong safety culture across the project team. Teck invested CAD 254 million of project capital during the quarter and kept capital expenditure guidance unchanged at CAD 900 million to CAD 1.2 billion for 2026 and CAD 2.1 billion to CAD 2.4 billion over the life of the project. Price said the Mine Life Extension is expected to extend Highland Valley’s mine life to 2046 and support average annual copper production of approximately 132,000 tons. Teck’s zinc segment also posted stronger results. Prystai said gross profit before depreciation and amortization increased 122% to CAD 353 million, with margins rising to 39% from 28% a year earlier. The improvement was led by Trail Operations, where gross profit before depreciation and amortization increased to CAD 203 million from CAD 42 million in the prior-year quarter, despite a planned shutdown of the lead circuit. Prystai said the performance reflected higher by-product pricing and Teck’s continued focus on value-driven optimization of feed sources and production, including near-term prioritization of residue processing. Teck also discussed its July 7 announcement of a strategic investment agreement with the Government of Canada to support strategic metals production at Trail. Prystai said the initiative could expand germanium and antimony production and add new gallium capacity, subject to certain conditions and evaluation under Teck’s capital allocation framework. At Red Dog, zinc production reflected lower grades and recoveries consistent with the mine plan. Zinc sales were within guidance at 37,000 tons. Teck maintained 2026 zinc guidance, including zinc in concentrate production of 410,000 to 460,000 tons and refined zinc production of 190,000 to 230,000 tons. Teck said it continues to advance its merger of equals with Anglo American, with remaining focus on Chinese regulatory approval. Price said the process with China’s State Administration for Market Regulation is proceeding “in the normal course,” and that Teck has not received any requests for remedies. The company still expects the transaction to be completed within 12 to 18 months of the September 2025 announcement. Price said that once Chinese approval is received, closing could occur “very quickly,” in “a matter of a couple of weeks.” Price said integration planning with Anglo American is intensifying, though the companies continue to operate independently until closing. He said teams are working on business processes, systems, organizational structures, leadership appointments and plans to capture synergies. Teck ended the quarter with CAD 10.3 billion of liquidity as of June 30, including CAD 6.1 billion of cash. Prystai said the company also continued scheduled semi-annual repayments under the QB project finance facility, leaving Teck with a stronger balance sheet as it moves toward completing the Anglo Teck merger. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Teck Resources Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Teck Resources Limited has already reported a sharply stronger Q2 2026, with sales rising to C$3,605 million and net income to C$854 million, significantly lifting earnings per share from continuing operations versus a year earlier. The quarter was underpinned by record copper prices, roughly 25% higher copper production, record adjusted EBITDA margins, and a maintained dividend of C$0.125 per share, while the company continued progressing its planned merger with Anglo American. We’ll now look at how this earnings surge, fueled by record copper production, may reshape Teck Resources’ existing investment narrative. This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality. To own Teck Resources, you have to believe in its shift toward copper and critical minerals while accepting meaningful project, regulatory, and commodity price risk. The latest quarter’s record copper pricing and roughly 25% higher copper production strongly reinforce copper as the key near term catalyst, while the biggest swing factor remains execution and approvals around the Anglo American merger. This earnings surge materially strengthens Teck’s financial footing, but it does not remove permitting, operational, or price volatility risks. Among recent announcements, the tentative plan to expand germanium, gallium, and antimony output at Trail Operations stands out in this context. It connects directly to Teck’s critical minerals push that underpins the Anglo merger and supports the thesis that cash from strong copper markets can help fund broader growth in energy transition metals. For investors, Trail highlights how Teck is trying to deepen its role in critical supply chains even as it works through large copper and merger execution risks. Yet, despite these strong headlines, investors should still be aware that... Read the full narrative on Teck Resources (it's free!) Teck Resources' narrative projects CA$12.7 billion revenue and CA$2.0 billion earnings by 2029. This requires flat yearly revenue growth assumptions and about a CA$0.1 billion earnings increase from CA$1.9 billion today. Uncover how Teck Resources' forecasts yield a CA$85.00 fair value, in line with its current price. Some of the most optimistic analysts were already assuming Teck could reach about CA$15.4 billion in revenue and CA$3.2 billion in earnings by 2029, which is far more upbeat than consensus. In light of this quarter’s copper driven beat and the execution and geographic risks around Teck’s copper pivot, you should treat these bullish views as one end of a wide spectrum and consider how both narratives might shift as new results arrive. Explore 4 other fair value estimates on Teck Resources - why the stock might be worth 33% less than the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Teck Resources research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free Teck Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Teck Resources' overall financial health at a glance. Right now could be the best entry point. These picks are fresh from our daily scans. Don't delay: Uncover the next big thing with 12 elite penny stocks that balance risk and reward. Find 5 companies with promising cash flow potential yet trading below their fair value. AI is about to change healthcare. These 7 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TECK-B.TO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]