Teck Resources (NYSE:TECK) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Posted by Brenda Bartman on Nov 6th, 2026

Teck Resources Ltd (NYSE:TECK – Get Free Report) (TSE:TECK)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $60.67 and traded as low as $59.85. Teck Resources shares last traded at $59.9510, with a volume of 4,900,638 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on TECK. Canaccord Genuity Group reduced their price target on Teck Resources from $96.50 to $87.00 and set a “hold” rating for the company in a research report on Friday, October 30th. Scotia raised their price objective on Teck Resources from $83.00 to $88.00 and gave the company a “sector perform” rating in a research report on Friday, October 30th. Stifel Nicolaus lifted their target price on Teck Resources from $82.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday, October 20th. Wall Street Zen downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Teck Resources from $47.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, October 30th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $75.25.

View Our Latest Research Report on Teck Resources

Teck Resources Price Performance

The stock’s 50-day moving average is $65.49 and its 200 day moving average is $60.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.80 and a quick ratio of 2.33. The company has a market cap of $28.97 billion, a PE ratio of 10.72, a PEG ratio of 2.03 and a beta of 1.01.

Teck Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of C$0.12 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio is presently 6.26%.

Institutional Trading of Teck Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management acquired a new stake in shares of Teck Resources in the 3rd quarter worth $220,000. New York Life Investment Management LLC grew its stake in Teck Resources by 4.2% during the 3rd quarter. New York Life Investment Management LLC now owns 223,139 shares of the basic materials company’s stock worth $14,680,000 after buying an additional 9,069 shares during the last quarter. Candriam S.C.A. increased its position in Teck Resources by 11.0% during the 3rd quarter. Candriam S.C.A. now owns 17,608 shares of the basic materials company’s stock valued at $1,166,000 after buying an additional 1,747 shares in the last quarter. Ethic Inc. increased its position in Teck Resources by 92.7% during the 3rd quarter. Ethic Inc. now owns 14,397 shares of the basic materials company’s stock valued at $947,000 after buying an additional 6,925 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new position in Teck Resources during the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Company Profile

(Get Free Report)

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.