Teck Resources (NYSE:TECK – Free Report) (TSE:TECK) had its price target upped by Scotia from $83.00 to $88.00 in a research report report published on Friday morning,BayStreet reports. They currently have a sector perform rating on the basic materials company’s stock.
Several other research analysts also recently weighed in on TECK. Wall Street Zen downgraded Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. JPMorgan Chase & Co. raised their price target on shares of Teck Resources from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings lowered Teck Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Stifel Nicolaus upped their price target on shares of Teck Resources from $82.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday, October 20th. Finally, Canaccord Genuity Group dropped their price objective on shares of Teck Resources from $96.50 to $87.00 and set a “hold” rating on the stock in a research report on Friday. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $76.43.
Check Out Our Latest Analysis on TECK
Teck Resources Stock Down 0.0%
Shares of NYSE TECK opened at $60.60 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.33 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $66.16 and a two-hundred day simple moving average of $60.44. Teck Resources has a 12 month low of $38.00 and a 12 month high of $72.56. The firm has a market capitalization of $29.28 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.
Teck Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a C$0.12 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) is 6.44%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TECK. Blue Trust Inc. raised its stake in Teck Resources by 411.8% during the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 453 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of 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 in the last quarter. Fortitude Family Office LLC acquired a new stake in Teck Resources in the third quarter valued at approximately $46,000. SBI Securities Co. Ltd. grew its stake in shares of Teck Resources by 101.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 900 shares of the basic materials company’s stock valued at $59,000 after buying an additional 454 shares during the period. Finally, Oslo Pensjonsforsikring AS purchased a new stake in shares of Teck Resources during the 1st quarter valued at approximately $83,000. 78.06% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Teck Resources
Here are the key news stories impacting Teck Resources this week:
- Positive Sentiment: Q3 results exceeded expectations: Teck reported quarterly revenue of approximately $3.17 billion, ahead of the $3.04 billion consensus and up 33.4% year over year. Reported EPS was $1.88, while another release cited adjusted EPS of $1.34, both above the $1.06 analyst estimate. Record copper prices and sustained operating performance supported profitability. Teck Reports Unaudited Third Quarter Results for 2026
- Positive Sentiment: Forward earnings expectations improved: Zacks Research raised several 2027 estimates, including Q1 EPS to $0.79 from $0.70, Q2 EPS to $0.78 from $0.63, Q3 EPS to $1.00 from $0.66 and full-year EPS to $3.39 from $2.48. These revisions indicate better anticipated operating performance, although the 2026 full-year estimate of $4.30 is broadly in line with the $4.32 consensus.
- Positive Sentiment: Dividend maintained: Teck declared a quarterly dividend of C$0.125 per share, payable December 31 to shareholders of record December 15. The annualized payout is approximately C$0.50 per share, providing continued shareholder returns. Teck Announces Dividend
- Neutral Sentiment: Analyst views remain mixed: Scotia raised its price target to $88 but kept a “sector perform” rating, while Canaccord lowered its target to $87 and retained a “hold” rating. Both targets imply substantial potential upside, but neither broker issued a bullish recommendation.
- Negative Sentiment: Operational disruptions remain a concern: Coverage characterized Teck as having held firm through third-quarter disruptions, suggesting that production interruptions or execution risks could limit the benefit of strong commodity prices. Investors may also view the stock as fairly valued after its prior advance, reducing the positive impact of the earnings beat. Teck Resources Held Firm Through Q3 Disruptions
Teck Resources Company Profile
Teck Resources Limited is a Canadian mining and mineral development company focused primarily on copper and zinc, commodities used in electrification, infrastructure, manufacturing and other industrial applications. The company explores for, develops and operates mines, mineral processing facilities and related infrastructure.
Teck’s copper assets include Highland Valley Copper in British Columbia, Canada; Carmen de Andacollo in Chile; and Quebrada Blanca in northern Chile. Its zinc operations include the Red Dog mine in Alaska and the Trail Operations metallurgical complex in British Columbia, which produces refined metals, alloys and other related products.
Read More
- Five stocks we like better than Teck Resources
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.
