Geode Capital Management LLC Increases Stock Holdings in Teck Resources Ltd $TECK

Posted by Brian Himes on Jun 4th, 2026

Geode Capital Management LLC lifted its stake in shares of Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,141,019 shares of the basic materials company’s stock after buying an additional 182,251 shares during the quarter. Geode Capital Management LLC’s holdings in Teck Resources were worth $197,326,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Alps Advisors Inc. raised its holdings in shares of Teck Resources by 37.3% during the 3rd quarter. Alps Advisors Inc. now owns 166,334 shares of the basic materials company’s stock valued at $7,300,000 after buying an additional 45,194 shares during the period. Regal Partners Ltd raised its holdings in shares of Teck Resources by 14.8% during the 3rd quarter. Regal Partners Ltd now owns 3,481,836 shares of the basic materials company’s stock valued at $152,818,000 after buying an additional 448,081 shares during the period. 44 Wealth Management LLC raised its holdings in shares of Teck Resources by 250.8% during the 3rd quarter. 44 Wealth Management LLC now owns 31,077 shares of the basic materials company’s stock valued at $1,364,000 after buying an additional 22,219 shares during the period. Union Bancaire Privee UBP SA raised its holdings in shares of Teck Resources by 172.8% during the 4th quarter. Union Bancaire Privee UBP SA now owns 23,560 shares of the basic materials company’s stock valued at $1,128,000 after buying an additional 14,924 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Teck Resources by 2.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,916,856 shares of the basic materials company’s stock valued at $84,068,000 after purchasing an additional 37,419 shares in the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Teck Resources to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Truist Financial set a $67.00 price objective on Teck Resources in a report on Monday, February 23rd. TD Securities restated a “hold” rating on shares of Teck Resources in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Teck Resources from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $59.17.

View Our Latest Research Report on TECK

Teck Resources Price Performance

TECK opened at $67.36 on Thursday. The company has a 50-day moving average of $59.10 and a 200-day moving average of $53.30. The company has a market capitalization of $32.48 billion, a P/E ratio of 24.67, a PEG ratio of 5.17 and a beta of 0.89. Teck Resources Ltd has a 1-year low of $30.98 and a 1-year high of $71.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.16 and a current ratio of 2.83.

Teck Resources Dividend Announcement

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 given a $0.125 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.7%. Teck Resources’s dividend payout ratio (DPR) is presently 13.55%.

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.