Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies for biofuel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that comprise cooking oils, shortenings, margarines, mayonnaise, renewable diesel feedstocks, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. This segment also refines and fractionates palm oil, palm kernel oil, coconut oil, and shea butter, and olive oil; and produces specialty ingredients derived from vegetable oils, such as lecithin. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Global SA was founded in 1818 and is headquartered in Chesterfield, Missouri.

Bunge Limited appears to be a company with strong revenue and moderate balance-sheet strength, but with noticeable pressure on profitability. P/S of 0.26 and P/B of 1.31 look inexpensive relative to the industry, which supports the valuation; however, P/E of 31.05 is already above the median and calls for caution. What is especially concerning is the weak margin trend: gross margin, operating margin, and net profit margin remain materially below industry levels and have declined noticeably in recent quarters. Return on capital is also weak: ROE of 4.27, ROA of 1.61, and ROI of 2.74 are far below the median, and their decline over the years points to deteriorating business efficiency. At the same time, revenue remains high and has generally been growing, while assets and equity have increased, which indicates scaling and a solid financial base. Debt load does not look critical, but debt/equity is above the median, and long-term debt has increased, adding risk during a period of weak earnings. Liquidity is mixed: the current ratio is acceptable, but the quick ratio is below the median and cash on hand has declined, so the margin of safety is not ideal. Dividend yield is effectively absent, which removes one of the supporting factors for an investor. Overall, the picture is not bearish, but it is also not strong enough for an aggressive upward revision in valuation. Low multiples on revenue and balance-sheet metrics partially offset weak operating efficiency, so the final adjustment should be moderately negative and conservative.

Bunge Limited

Cheap on P/S and P/B, but weakly profitable Bunge: revenue and capital are growing, however margins, ROE/ROA, and cash liquidity remain under pressure.

Bunge Global (BG) reported $24.04 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 88.3%. EPS of $2.00 for the same period compares to $1.31 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $23.49 billion, representing a surprise of +2.34%. The company delivered an EPS surprise of -1.48%, with the consensus EPS estimate being $2.03.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bunge Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Volume - Soybean Processing and Refining - Soybeans processed: 11,524.00 MTons compared to the 11,862.60 MTons average estimate based on two analysts.
Volume - Soybean Processing and Refining - Soybeans merchandised: 8,046.00 MTons versus the two-analyst average estimate of 6,351.90 MTons.
Volume - Soybean Processing and Refining - Refined soy oil production: 933.00 MTons compared to the 924.55 MTons average estimate based on two analysts.
Volume - Grain Merchandising and Milling: 23,852.00 MTons versus the two-analyst average estimate of 24,098.25 MTons.
Volume - Softseed Processing and Refining - Softseeds merchandised: 1,296.00 MTons versus 1,182.50 MTons estimated by two analysts on average.
Volume - Softseed Processing and Refining - Refined oil production: 974.00 MTons versus 669.63 MTons estimated by two analysts on average.
Volume - Tropical Oils and Specialty Ingredients: 660.00 MTons versus the two-analyst average estimate of 639.60 MTons.
Volume - Softseed Processing and Refining - Softseeds processed: 3,490.00 MTons compared to the 2,969.18 MTons average estimate based on two analysts.
Adjusted EBIT- Soybean Processing and Refining: $445 million versus the two-analyst average estimate of $466.94 million.
Adjusted EBIT- Softseed Processing and Refining: $255 million versus the two-analyst average estimate of $226.91 million.
Adjusted EBIT- Corporate: $-148 million compared to the $-126.3 million average estimate based on two analysts.
Adjusted EBIT- Grain Merchandising and Milling: $67 million versus the two-analyst average estimate of $84.54 million.
Shares of Bunge Global have returned +10% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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 Up
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Compared to Estimates, Bunge Global (BG) Q2 Earnings: A Look at Key Metrics

(RTTNews) - Bunge Global SA (BG) announced a profit for its second quarter that Increases, from last year
The company's earnings totaled $678 million, or $3.47 per share. This compares with $354 million, or $2.61 per share, last year.
Excluding items, Bunge Global SA reported adjusted earnings of $390 million or $2.00 per share for the period.
The company's revenue for the period rose 88.3% to $24.041 billion from $12.769 billion last year.
Bunge Global SA earnings at a glance (GAAP) :
-Earnings: $678 Mln. vs. $354 Mln. last year. -EPS: $3.47 vs. $2.61 last year. -Revenue: $24.041 Bln vs. $12.769 Bln last year.
-Guidance: Full year EPS guidance: $ 9.25 To $ 9.75
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Bunge Global SA Bottom Line Rises In Q2

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.
Southern Copper Posts Record Revenues & 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 and EPS Surprise
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.
SCCO’s Q2 Production Falls on Lower Peruvian Grades
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.
SCCO Strengthens Cash Flow and Liquidity
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.
Southern Copper’s Guidance for 2026
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.
SCCO Stock’s Price Performance
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
SCCO’s Peer Performances
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.
SCCO’s Zacks Rank & Another Stock to Consider
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.
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 Up
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SCCO Q2 Earnings Beat on Strong Metal Prices Despite Low Volumes

Darling Ingredients Inc. DAR is becoming less dependent on traditional rendering economics as collagen, specialty nutrition and renewable fuels take larger roles in its earnings mix.
The shift offers a better growth profile, but it also raises execution demands. Regulatory approvals, capital allocation and leverage control will determine how much of these trends converts into steadier cash flow.
Darling Expands Its Collagen Growth Platform
Darling’s Food Ingredients segment gives the company a higher-margin channel beyond feed and fuel markets. Its Rousselot and Gelnex brands supply collagen-based ingredients used in food, pharmaceutical, nutraceutical and pet-food applications.
Demand remains tied to nutrition, health and functional food trends. In the first quarter of 2026, Food segment sales rose to $405 million from $349 million a year earlier, while adjusted EBITDA improved to $81 million from $71 million.
Image Source: Zacks Investment Research
DAR Pursues Scale Through a Collagen Venture
The proposed PB Leiner-Tessenderlo joint venture is central to Darling’s next step in collagen. The transaction could add production capacity and support more efficient raw-material sourcing.
Management has said the venture remains in an antitrust review process. That makes regulatory clearance a key condition before Darling can fully capture the expected benefits of a larger global collagen platform.
Darling Builds New Specialty Nutrition Options
Darling is also investing in the Nextida portfolio of science-based functional ingredients. This initiative moves the company further into health and nutrition applications that are less tied to commodity-oriented rendering markets.
Nextida gives Darling another path to build value from technical expertise rather than only raw-material availability. The company has discussed product development around glucose-control applications, positioning the portfolio as a longer-term specialty nutrition opportunity.
Darling currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DAR Benefits From Renewable Fuel Mandates
Renewable fuels remain a major earnings swing factor. The finalized 2026-2027 Renewable Volume Obligation created a more constructive operating backdrop for Diamond Green Diesel, Darling’s renewable diesel joint venture.
Management expects the industry to run hard through 2027 to meet mandated volumes. That backdrop could support renewable diesel and sustainable aviation fuel margins while increasing demand for low-carbon feedstocks.
Valero Energy Corporation VLO, Darling’s partner in Diamond Green Diesel, remains a relevant comparison for investors watching renewable diesel economics. Its role in the joint venture links refining discipline with low-carbon fuel production.
Darling Ingredients Inc. Price, Consensus and EPS Surprise
Darling Captures Value Across the Supply Chain
Darling’s integrated model is important because the company is exposed to both renewable-fuel production and feedstock supply. It can collect and process fats, used cooking oil and proteins, then direct those products to the highest-value markets.
That flexibility lets Darling benefit from policy-driven demand in more than one way. When renewable fuel economics improve, the company may gain through Diamond Green Diesel and through stronger demand for low-carbon inputs.
Bunge Global SA BG also sits at the intersection of agricultural processing and biofuel-related demand. Bunge’s oilseed processing operations produce vegetable oils and protein meals for food, animal feed and biofuel markets, making it a useful sector reference for investors tracking feedstock economics.
DAR’s Trend Exposure Comes With Execution Tests
The bottom line is that DAR has attractive exposure to collagen growth and renewable fuel mandates, but those themes do not remove near-term risks. International volatility, regulatory review and elevated capital needs remain meaningful constraints.
Leverage also keeps the investment case balanced. Net debt was about $4 billion at the end of the first quarter of 2026, and management continues to target total debt of approximately $3 billion or less over time.
DAR carries a Neutral recommendation with a $66 price target. That view fits a company with improving long-term trend exposure but unresolved execution and balance-sheet questions.
No Zacks Rank or Style Scores are provided. Without those inputs, investors cannot make a report-grounded assessment of DAR’s value, growth or momentum factor profile and should focus instead on cash generation, leverage reduction and execution against the collagen and renewable-fuel opportunities.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

DAR Gains From Collagen Growth and Supportive Renewable Fuel Policies

Darling Ingredients Inc. DAR has a better operating story after a sharp first-quarter recovery, but the case is mixed.
The shares combine stronger earnings, a discounted forward multiple and improving renewable-fuel conditions with elevated leverage and raw-material limits.
DAR’s Earnings Rebound Strengthens the Bull Case
Darling’s first-quarter results gave investors a clearer view of earnings power. Total net sales rose 12.3% year over year to $1.6 billion, and earnings were 83 cents per share, reversing a year-earlier loss.
Combined adjusted EBITDA more than doubled to $406.8 million from $195.8 million. Core ingredients execution, better finished-product pricing and a larger Diamond Green Diesel contribution all supported the rebound.
The recovery still needs context. The quarter included Darling’s share of a favorable lower-of-cost-or-market inventory adjustment of about $48.4 million at DGD, and management said that benefit has now been exhausted.
Darling currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Darling’s Valuation Offers a Relative Discount
DAR trades at 11.56X forward 12-month earnings. That is below 14.58X for its sub-industry, 17X for its sector and 20.41X for the S&P 500.
The discount supports the value argument, but it is not extreme versus the stock’s own history. DAR’s five-year median multiple is 11.92X, making the current valuation close to its normal range.
Valero Energy Corporation VLO is relevant because it is Darling’s Diamond Green Diesel partner. Its renewable diesel exposure provides context for DGD margin swings.
Image Source: Zacks Investment Research
DAR’s Cash Flow Has Yet to Match Earnings
Cash flow did not keep pace with earnings. Operating cash flow was $153 million in the first quarter, down from $249 million in the prior-year period.
The gap reflects timing issues. Darling contributed $190.1 million to DGD, mainly for short-term working-capital needs tied to margin calls, while production-tax-credit receipts are expected in later quarters.
Management expects much or all of the temporary DGD funding to be returned. Until then, the earnings rebound has not fully converted into balance-sheet flexibility.
Darling’s Leverage Keeps the Risk Elevated
Leverage remains the main restraint on the bull case. Darling ended the first quarter with total debt of $4.1 billion, net debt of about $4 billion and a preliminary leverage ratio of 3.17 times.
Management continues to target total debt of approximately $3 billion or less. That objective depends on stronger operating cash flow, DGD distributions, production-tax-credit collections and planned asset-sale proceeds.
The path is achievable only if the improved earnings environment turns into cash. Accounting earnings alone would do less to reduce financial risk.
DAR Faces Supply and Cost Constraints
Raw-material availability remains a structural issue. The North American cattle herd is at a multi-decade low, limiting access to beef-derived fats that can carry attractive renewable-fuel value.
Poultry volumes help offset supply pressure, but poultry yields less fat than beef. That limits upside when the best economics are tied to fats.
International markets add another risk. Tariff-related disruptions in Brazil, higher ocean freight costs and slower improvement in Europe could pressure margins if pricing or renewable-fuel economics soften.
Rising expenses also matter. Selling, general and administrative costs increased across segments in the first quarter, while corporate costs rose largely because of incentive compensation.
Bunge Global SA BG provides a useful comparison because it operates across agricultural commodities, oils, proteins, animal feed and biofuel-related supply chains. Its exposure shows how broader agricultural processors also face commodity and logistics swings.
Darling’s Neutral View Reflects Balanced Risks
The bottom line is that DAR looks improved, but not risk-free. The Neutral view and $66 price target fit a stock with better earnings momentum, a relative valuation discount and a renewable-fuel recovery, offset by debt and cash-flow questions.
No Zacks Rank or Style Scores are provided, so investors cannot make a report-grounded assessment of DAR’s Value, Growth, Momentum or VGM classifications. That limits the ability to apply factor-based signals to the stock.
Without those classifications, the decision rests more on execution. DAR needs to hold core margins, convert earnings into cash and reduce leverage for the rebound to become a stronger investment case.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is DAR Stock Attractive After a Strong Earnings and Margin Rebound?

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 and EPS Surprise
TECK Posts Y/Y Sales Growth & Solid Margin Expansion in Q2
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%.
Teck Resources’ Copper Business Drives Revenues and Profits
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.
TECK’s Zinc Segment Gains on Higher Sales Volumes & Prices
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.
TECK’s Cash Flow & Balance Sheet
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.
Teck Resources’ Guidance for 2026
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.
Teck Resources Advances Key Growth Initiatives
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.
TECK Stock’s Price Performance
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
Teck Resources’ Peer Performances
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’s Zacks Rank & Another Stock to Consider
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.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Teck Resources Q2 Earnings Beat Estimates, Sales & Margins Improve Y/Y

Agricultural technology (AgriTech) and food innovation companies develop technologies to enhance farming efficiency, sustainability and food production. These companies offer a compelling investment opportunity driven by the need for sustainable food production and improved food security.
AgriTech encompasses innovations such as precision farming, smart irrigation, drone technology and agricultural biotechnology, which boost crop yields, minimize resource usage, and lower food production costs and environmental impact. Food innovation, including plant-based proteins and lab-grown meat, aims to meet the growing demand for sustainable and ethical food alternatives.
At this stage, it will be prudent to invest in AgriTech and Food Innovation stocks for a stable portfolio in the second half of 2026. Three such stocks are: Archer-Daniels-Midland Co. ADM, Bunge Global SA BG and Limoneira Co. LMNR.
Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our three picks in the past three months.
Image Source: Zacks Investment Research
Archer-Daniels-Midland Co.
Zacks Rank #2 Archer-Daniels-Midland is benefiting from a rebound in its Nutrition segment. Human Nutrition is gaining traction, with the Flavors portfolio benefiting from solid North American demand, international customer wins and improved margins from a favorable mix and disciplined pricing.
ADM continues to advance its Optimize, Drive and Grow pillars, enhancing productivity, accelerating cost savings, expanding BioSolutions and leveraging digital tools to unlock margin opportunities and strengthen customer reach.
ADM is actively managing productivity and innovation as well as aligning work to the interconnected trends in food security, health and wellbeing. The company is well-positioned for sustainable long-term profit growth across new avenues.
ADM has been creating additional margin opportunities, opening up channels to customers, advancing digital technologies in areas like farmer needs, the extension of Regen Act programs and partnerships, and the growth of its BioSolutions platform.
Archer-Daniels-Midland has an expected revenue and earnings growth rate of 5.3% and 38.8%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.1% over the last seven days.
Bunge Global SA
Zacks Rank #1 Bunge Global is an integrated global agribusiness and food company spanning the farm-to-consumer food chain. BG processes, produces, moves, distributes and markets food on five continents. BG operates through four segments: Soybean Processing and Refining, Softseed Processing and Refining, Other Oilseeds Processing and Refining, and Grain Merchandising and Milling.
Bunge Global has an expected revenue and earnings growth rate of 31.3% and 28.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.4% over the last seven days.
Limoneira Co.
Zacks Rank #2 Limoneira is an agribusiness and real estate development company. LMNR’s current operations consist of fruit production and marketing, real estate development and capital investment activities.
LMNR has three business segments: agribusiness, rental operations, and real estate development. The agribusiness segment includes its farming and lemon packing operations. LMNR produces lemons, avocados, oranges, and other specialty crops.
LMNR’s rental operations segment includes housing, organic recycling, commercial and leased land operations. The real estate development segment includes its real estate projects and development.
Limoneira has an expected revenue and earnings growth rate of -21.7% and 53.2%, respectively, for the current year (ending October 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 12.1% over the last 60 days.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Buy 3 AgriTech & Food Innovation Stocks for a Stable Portfolio in 2H

In early trading on Wednesday, shares of Valero Energy topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. Year to date, Valero Energy registers a 70.3% gain.
And the worst performing S&P 500 component thus far on the day is Smurfit Westrock, trading down 6.6%. Smurfit Westrock is showing a gain of 8.7% looking at the year to date performance.
Two other components making moves today are Moderna, trading down 4.6%, and Bunge Global, trading up 4.0% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

S&P 500 Movers: SW, VLO

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500 Pure Value ETF (Symbol: RPV) where we have detected an approximate $324.1 million dollar outflow -- that's a 17.3% decrease week over week (from 16,220,000 to 13,420,000). Among the largest underlying components of RPV, in trading today Centene Corp (Symbol: CNC) is off about 3.9%, Humana Inc. (Symbol: HUM) is off about 1.4%, and Bunge Global SA (Symbol: BG) is up by about 1.1%. For a complete list of holdings, visit the RPV Holdings page » The chart below shows the one year price performance of RPV, versus its 200 day moving average:
Looking at the chart above, RPV's low point in its 52 week range is $90.30 per share, with $117.16 as the 52 week high point — that compares with a last trade of $115.25. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further RPV Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

RPV, CNC, HUM, BG: Large Outflows Detected at ETF

In trading on Tuesday, shares of Bunge Global SA (Symbol: BG) crossed below their 200 day moving average of $108.11, changing hands as low as $106.88 per share. Bunge Global SA shares are currently trading down about 2% on the day. The chart below shows the one year performance of BG shares, versus its 200 day moving average:
Looking at the chart above, BG's low point in its 52 week range is $71.60 per share, with $134.865 as the 52 week high point — that compares with a last trade of $106.71. The BG DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
Further BG Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.