Teck Resources Ltd (NYSE:TECK) Sees Significant Growth in Short Interest

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 13,955,380 shares, a growth of 85.3% from the August 31st total of 7,530,763 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average trading volume of 3,130,326 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Trading of Teck Resources

Hedge funds have recently modified their holdings of the company. Temasek Holdings Private Ltd raised its stake in Teck Resources by 1.1% in the fourth quarter. Temasek Holdings Private Ltd now owns 5,307,384 shares of the basic materials company’s stock worth $254,171,000 after buying an additional 57,380 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Teck Resources during the 2nd quarter valued at $21,425,000. Squarepoint Ops LLC bought a new stake in Teck Resources during the 2nd quarter valued at $7,952,000. NewEdge Advisors LLC increased its holdings in shares of Teck Resources by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 37,143 shares of the basic materials company’s stock valued at $1,922,000 after acquiring an additional 17,793 shares during the period. Finally, Norges Bank purchased a new position in shares of Teck Resources in the 4th quarter valued at $404,880,000. 78.06% of the stock is owned by hedge funds and other institutional investors.

Teck Resources Stock Performance

NYSE TECK traded down $0.38 on Tuesday, hitting $64.78. 2,921,580 shares of the company traded hands, compared to its average volume of 3,615,189. The business’s 50 day moving average price is $65.51 and its 200-day moving average price is $61.10. The company has a market capitalization of $31.29 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.03 and a beta of 0.94. The company has a current ratio of 3.12, a quick ratio of 2.33 and a debt-to-equity ratio of 0.12. Teck Resources has a 52-week low of $38.00 and a 52-week high of $72.56.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its earnings results on Thursday, July 23rd. The basic materials company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.40. Teck Resources had a net margin of 17.85% and a return on equity of 10.42%. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the business earned $0.38 EPS. The firm’s revenue was up 78.2% compared to the same quarter last year. Equities analysts expect that Teck Resources will post 4.07 earnings per share for the current year.

Teck Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of C$0.12 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) is presently 9.76%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. Raymond James Financial upgraded shares of Teck Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price objective on Teck Resources from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings raised Teck Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Teck Resources currently has an average rating of “Hold” and an average price target of $62.25.

Key Headlines Impacting Teck Resources

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: Analysts raised quarterly EPS forecasts. Zacks Research increased its Q3 2026 EPS estimate to $0.64 from $0.51 and lifted its Q4 2026 forecast to $0.49 from $0.33. Higher projected profitability can support the investment case for Teck Resources (TECK). Teck Resources earnings estimate revisions
• Positive Sentiment: Longer-term estimates also improved. Zacks raised its Q4 2027 EPS forecast to $0.49 from $0.43, while the current full-year consensus estimate remains $4.07 per share. The revisions suggest analysts see better earnings momentum ahead. Brokers set expectations for Teck Resources earnings
• Positive Sentiment: Teck was highlighted as a highly ranked growth stock. A Zacks analysis points to the company’s favorable style scores, which may attract investors seeking growth exposure in the mining sector. Teck Resources top-ranked growth stock analysis
• Neutral Sentiment: Value comparison with BHP remains inconclusive. Recent analyses compare TECK with BHP to determine which offers the stronger value opportunity, but the reports do not represent a new company-specific catalyst. TECK or BHP value comparison

About Teck Resources

Teck Resources Limited is a Canadian mining and metals company headquartered in Vancouver, British Columbia. The company focuses primarily on the exploration, development and production of copper and zinc, which are used in construction, infrastructure, manufacturing and the global energy transition.

Teck’s copper operations include the Highland Valley Copper mine in British Columbia, the Carmen de Andacollo mine in Chile and the Quebrada Blanca operation in northern Chile. Its zinc business includes the Red Dog mine in Alaska, one of the world’s significant zinc-producing operations.