Swedbank AB Grows Stake in Teck Resources Ltd $TECK

Posted by Brian Himes on May 24th, 2026

Swedbank AB lifted its position in Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) by 45.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,243,000 shares of the basic materials company’s stock after purchasing an additional 1,020,000 shares during the period. Swedbank AB’s holdings in Teck Resources were worth $155,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Teck Resources by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 20,185,694 shares of the basic materials company’s stock valued at $966,370,000 after purchasing an additional 278,481 shares in the last quarter. Principal Financial Group Inc. lifted its position in Teck Resources by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 18,832,299 shares of the basic materials company’s stock valued at $902,769,000 after purchasing an additional 1,953,070 shares in the last quarter. Davis Selected Advisers lifted its position in Teck Resources by 9.0% during the fourth quarter. Davis Selected Advisers now owns 12,019,609 shares of the basic materials company’s stock valued at $575,620,000 after purchasing an additional 995,947 shares in the last quarter. Hancock Prospecting Pty Ltd lifted its position in Teck Resources by 1.6% during the third quarter. Hancock Prospecting Pty Ltd now owns 7,820,949 shares of the basic materials company’s stock valued at $343,261,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Teck Resources by 264.5% during the third quarter. Wellington Management Group LLP now owns 5,781,060 shares of the basic materials company’s stock valued at $253,695,000 after purchasing an additional 4,194,868 shares in the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Teck Resources Trading Down 0.6%

Shares of TECK stock opened at $62.59 on Friday. Teck Resources Ltd has a 12-month low of $30.98 and a 12-month high of $67.67. The company has a current ratio of 2.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $56.30 and its 200-day moving average price is $51.87. The stock has a market capitalization of $30.17 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 4.59 and a beta of 0.86.

Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) last issued its earnings results on Thursday, February 19th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.39. Teck Resources had a return on equity of 7.94% and a net margin of 14.91%.The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts predict that Teck Resources Ltd will post 2.68 EPS for the current fiscal year.

Teck Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Teck Resources’s payout ratio is 13.55%.

Wall Street Analyst Weigh In

TECK has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating on shares of Teck Resources in a report on Tuesday, January 27th. JPMorgan Chase & Co. raised their price target on Teck Resources from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Citigroup raised Teck Resources from a “neutral” rating to a “buy” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Teck Resources in a report on Friday, May 15th. Finally, Wall Street Zen raised Teck Resources to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.17.

View Our Latest Analysis on TECK

Teck Resources Company Profile

(Free Report)

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.