Teck Resources (NYSE:TECK) Stock Gets Price Target Trim from Canaccord Genuity Group

Teck Resources (NYSE:TECK) (TSE:TECK) had its price target reduced by Canaccord Genuity Group from $96.50 to $87.00 in a report released on Friday,BayStreet reports. Canaccord Genuity Group currently has a hold rating on the basic materials company’s stock.

Several other equities analysts also recently commented on TECK. Wall Street Zen downgraded shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Teck Resources from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Stifel Nicolaus boosted their price objective on shares of Teck Resources from $82.00 to $95.00 and gave the stock a “hold” rating in a report on Tuesday, October 20th. Weiss Ratings cut Teck Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Finally, Raymond James Financial raised Teck Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $76.43.

Teck Resources Stock Down 0.0%

Shares of NYSE:TECK opened at $60.60 on Friday. The company’s 50-day moving average price is $66.16 and its two-hundred day moving average price is $60.44. The firm has a market cap of $29.28 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.93 and a beta of 1.01. Teck Resources has a 12 month low of $38.00 and a 12 month high of $72.56. The company has a quick ratio of 2.33, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

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 paid a C$0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio is presently 6.44%.

Institutional Trading of Teck Resources

A number of institutional investors and hedge funds have recently modified their holdings of TECK. Squarepoint Ops LLC bought a new position in shares of Teck Resources during the 2nd quarter worth approximately $7,952,000. Public Employees Retirement System of Ohio bought a new stake in shares of Teck Resources during the second quarter valued at about $21,425,000. Nykredit A S purchased a new stake in Teck Resources in the second quarter worth approximately $4,338,000. NewEdge Advisors LLC increased its stake in shares of Teck Resources by 92.0% during the first quarter. NewEdge Advisors LLC now owns 37,143 shares of the basic materials company’s stock valued at $1,922,000 after buying an additional 17,793 shares during the period. Finally, HBK Investments L P increased its holdings in shares of Teck Resources by 264.2% during the second quarter. HBK Investments L P now owns 5,773,121 shares of the basic materials company’s stock valued at $343,270,000 after acquiring an additional 4,188,029 shares in the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

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

About Teck Resources

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.