Teck Resources (NYSE:TECK) Stock Rating Lowered by Wall Street Zen

Teck Resources (NYSE:TECK) (TSE:TECK) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms have also weighed in on TECK. Stifel Nicolaus upped their price objective on Teck Resources from $82.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday, October 20th. Scotia raised their price objective on shares of Teck Resources from $83.00 to $88.00 and gave the stock a “sector perform” rating in a report on Friday. Canaccord Genuity Group reduced their target price on Teck Resources from $96.50 to $87.00 and set a “hold” rating for the company in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Teck Resources from $47.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Weiss Ratings cut Teck Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $76.43.

Teck Resources Stock Down 0.0%

Shares of Teck Resources stock opened at $60.60 on Friday. Teck Resources has a 1 year low of $38.00 and a 1 year high of $72.56. The business has a 50-day moving average of $66.16 and a two-hundred day moving average of $60.44. The company has a market capitalization of $29.28 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.33.

Institutional Trading of Teck Resources

Institutional investors have recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in shares of Teck Resources during the 3rd quarter valued at approximately $106,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Teck Resources by 37.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 28,296 shares of the basic materials company’s stock worth $1,862,000 after buying an additional 7,750 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Teck Resources during the 3rd quarter worth approximately $120,000. Vise Technologies Inc. raised its holdings in Teck Resources by 38.3% during the third quarter. Vise Technologies Inc. now owns 11,598 shares of the basic materials company’s stock worth $763,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Teck Resources by 7.7% in the 3rd quarter. Signaturefd LLC now owns 22,786 shares of the basic materials company’s stock valued at $1,499,000 after purchasing an additional 1,629 shares during the last quarter. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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.