SEB Asset Management AB acquired a new position in shares of Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) in the first quarter, HoldingsChannel reports. The institutional investor acquired 58,165 shares of the basic materials company’s stock, valued at approximately $3,005,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank lifted its holdings in Teck Resources by 26.8% during the 1st quarter. Swiss National Bank now owns 1,536,979 shares of the basic materials company’s stock worth $79,544,000 after purchasing an additional 325,000 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Teck Resources by 117.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 303 shares during the period. AMG National Trust Bank boosted its stake in Teck Resources by 13.1% in the 1st quarter. AMG National Trust Bank now owns 5,531 shares of the basic materials company’s stock valued at $286,000 after purchasing an additional 640 shares during the period. Principal Financial Group Inc. grew its holdings in 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. Finally, Candriam S.C.A. grew its holdings in Teck Resources by 15.3% in the 1st quarter. Candriam S.C.A. now owns 15,242 shares of the basic materials company’s stock valued at $787,000 after buying an additional 2,027 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.
Teck Resources Price Performance
Teck Resources stock opened at $59.80 on Friday. The stock’s fifty day moving average price is $61.48 and its two-hundred day moving average price is $57.47. Teck Resources Ltd has a one year low of $30.98 and a one year high of $71.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.83 and a quick ratio of 2.16. The firm has a market cap of $28.88 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Teck Resources
Teck Resources News Summary
Here are the key news stories impacting Teck Resources this week:
- Positive Sentiment: Teck’s Q2 results came in above estimates, with earnings and revenue both beating analyst forecasts as copper production and prices improved. Teck Resources Ltd (TECK) Surpasses Q2 Earnings and Revenue Estimates
- Positive Sentiment: The company reported adjusted earnings per share well above expectations, with one report saying shares moved higher after the strong earnings beat and better-than-expected copper performance. Teck Resources quarterly earnings top estimates on stronger copper performance
- Positive Sentiment: Teck said second-quarter profit tripled on higher copper prices, and it reaffirmed output guidance, which supports confidence in near-term operating momentum. Teck Second-Quarter Earnings Triple as Copper Prices Advance
- Positive Sentiment: The company announced a quarterly dividend of $0.125 per share, reinforcing balance-sheet strength and shareholder returns. Teck Announces Dividend
- Neutral Sentiment: Management’s earnings call and release detailed the quarter’s results, but the main market driver remains the stronger copper pricing backdrop and operating execution. Teck Resources Limited (TECK.B:CA) Q2 2026 Earnings Call Transcript
- Negative Sentiment: One recent industry note highlighted a sharp drop in copper prices, which could pressure Teck if the weaker copper trend continues. Copper’s Biggest Intraday Drop in 2026: 5 Stocks Most at Risk Today
About Teck Resources
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.
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