Capula Management Ltd reduced its position in Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) by 85.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,196 shares of the basic materials company’s stock after selling 119,543 shares during the quarter. Capula Management Ltd’s holdings in Teck Resources were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TECK. Temasek Holdings Private Ltd lifted its stake in shares of 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. New York Life Investment Management LLC bought a new stake in shares of Teck Resources in the fourth quarter worth $11,014,000. Cardinal Point Capital Management ULC bought a new stake in shares of Teck Resources during the 4th quarter valued at about $379,000. ABN Amro Investment Solutions increased its holdings in Teck Resources by 156.4% during the fourth quarter. ABN Amro Investment Solutions now owns 510,989 shares of the basic materials company’s stock valued at $24,471,000 after buying an additional 311,694 shares during the last quarter. Finally, Perpetual Ltd purchased a new stake in shares of Teck Resources in the 4th quarter worth $26,838,000. Institutional investors and hedge funds own 78.06% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on TECK. Veritas downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings raised shares of Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. TD Securities reaffirmed a “hold” rating on shares of Teck Resources in a research note on Friday, April 24th. Raymond James Financial raised shares of Teck Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a research report on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.00.
Key Teck Resources News
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
Teck Resources Price Performance
Shares of TECK stock opened at $59.80 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.16 and a current ratio of 2.83. Teck Resources Ltd has a fifty-two week low of $30.98 and a fifty-two week high of $71.25. The firm has a market capitalization of $28.88 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.69 and a beta of 0.92. The stock’s 50-day simple moving average is $61.48 and its 200-day simple moving average is $57.47.
Teck Resources Profile
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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