JPMorgan Chase & Co. Cuts Teck Resources (NYSE:TECK) Price Target to $46.00

Posted by George Bondi on Jul 9th, 2026

Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $48.00 to $46.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 18.19% from the company’s previous close.

TECK has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price target on Teck Resources from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen upgraded Teck Resources to a “buy” rating in a research report on Saturday, May 16th. Zacks Research cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. TD Securities reiterated a “hold” rating on shares of Teck Resources in a report on Friday, April 24th. Finally, Veritas lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Teck Resources currently has a consensus rating of “Hold” and a consensus price target of $59.83.

Check Out Our Latest Report on TECK

Teck Resources Price Performance

Shares of NYSE:TECK opened at $56.23 on Thursday. The company has a market cap of $27.15 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 3.44 and a beta of 0.92. The company’s fifty day moving average is $62.41 and its two-hundred day moving average is $56.63. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13. Teck Resources has a 12-month low of $30.98 and a 12-month high of $71.25.

Institutional Trading of Teck Resources

A number of institutional investors have recently bought and sold shares of TECK. Norges Bank purchased a new position in Teck Resources in the fourth quarter valued at about $404,880,000. Wellington Management Group LLP lifted its holdings in shares of Teck Resources by 264.5% during the 3rd quarter. Wellington Management Group LLP now owns 5,781,060 shares of the basic materials company’s stock valued at $253,695,000 after buying an additional 4,194,868 shares during the last quarter. Pentwater Capital Management LP lifted its holdings in shares of Teck Resources by 124.1% during the 4th quarter. Pentwater Capital Management LP now owns 6,500,000 shares of the basic materials company’s stock valued at $311,285,000 after buying an additional 3,600,000 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Teck Resources in the 4th quarter valued at approximately $169,999,000. Finally, Principal Financial Group Inc. grew its stake in shares of Teck Resources by 17.1% in the 1st quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company’s stock valued at $1,139,051,000 after buying an additional 3,211,985 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Company Profile

(Get 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.