Teck Resources (TECK) Moves 5.6% Higher: Will This Strength Last?

Teck Resources Ltd (TECK) shares ended the last trading session 5.6% higher at $53. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.4% gain over the past four weeks.Shares of Teck Resources gained since the company announced that it sold 118,600 tons and produced 134,100 tons of copper in the fourth quarter of 2025. The company’s annual copper production came in at 435,500 tons, within its guidance of 415,000-465,000 tons. This was driven by solid performance across all assets in the fourth quarter. This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +30.3%. Revenues are expected to be $1.99 billion, down 0.1% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Teck Resources, the consensus EPS estimate for the quarter has been revised 19.5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on TECK going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Teck Resources is a member of the Zacks Mining - Miscellaneous industry. One other stock in the same industry, Reliance (RS), finished the last trading session 2.7% higher at $330.84. RS has returned 9.1% over the past month.Reliance's consensus EPS estimate for the upcoming report has changed +0.3% over the past month to $2.81. Compared to the company's year-ago EPS, this represents a change of +26.6%. Reliance currently boasts a Zacks Rank of #3 (Hold).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 Reliance, Inc. (RS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks