Wall Street Zen Upgrades Teck Resources (NYSE:TECK) to “Strong-Buy”

Posted by Geri Gentry on Jul 20th, 2026

Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

A number of other research firms also recently commented on TECK. Zacks Research downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Scotiabank reissued a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Veritas cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.00.

View Our Latest Report on Teck Resources

Teck Resources Stock Performance

Shares of Teck Resources stock opened at $55.05 on Friday. 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 52 week low of $30.98 and a 52 week high of $71.25. The firm’s 50 day moving average is $62.18 and its two-hundred day moving average is $57.21. The firm has a market capitalization of $26.58 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.63 and a beta of 0.92.

Hedge Funds Weigh In On Teck Resources

A number of institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new stake in Teck Resources during the 4th quarter worth $25,000. Geneos Wealth Management Inc. grew its position in Teck Resources by 117.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 303 shares during the last quarter. Blue Trust Inc. grew its position in Teck Resources by 411.8% during the 1st quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 453 shares during the last quarter. Versant Capital Management Inc increased its stake in Teck Resources by 86.5% in the second quarter. Versant Capital Management Inc now owns 1,587 shares of the basic materials company’s stock valued at $94,000 after purchasing an additional 736 shares during the period. Finally, Oslo Pensjonsforsikring AS acquired a new position in Teck Resources in the first quarter valued at $83,000. 78.06% of the stock is owned by institutional investors and hedge funds.

About Teck Resources

(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.