Teck Resources (NYSE:TECK) Stock Price Target Cut by Canaccord Genuity Group

Teck Resources (NYSE:TECK) (TSE:TECK) had its price objective lowered by investment analysts at Canaccord Genuity Group from $96.50 to $87.00 in a research note issued on Friday, BayStreet reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. Canaccord Genuity Group‘s price objective would suggest a potential upside of 44.18% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Teck Resources from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Raymond James Financial raised Teck Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, July 23rd. Weiss Ratings lowered Teck Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Teck Resources from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Six investment 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 a consensus rating of “Hold” and an average price target of $74.14.

Teck Resources Stock Performance

Shares of NYSE TECK traded down $3.38 during trading hours on Friday, reaching $60.34. The stock had a trading volume of 1,286,264 shares, compared to its average volume of 3,501,174. The company has a market cap of $29.15 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.01 and a beta of 1.01. Teck Resources has a twelve month low of $38.00 and a twelve month high of $72.56. The business’s fifty day moving average is $66.27 and its two-hundred day moving average is $60.39. 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in Teck Resources by 17.1% during the 1st quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company’s stock worth $1,139,051,000 after acquiring an additional 3,211,985 shares during the last quarter. HBK Investments L P increased its position in Teck Resources by 264.2% in the 2nd 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. Temasek Holdings Private Ltd raised its stake in shares of Teck Resources by 7.1% in the first quarter. Temasek Holdings Private Ltd now owns 5,685,453 shares of the basic materials company’s stock worth $294,015,000 after acquiring an additional 378,069 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Teck Resources by 48.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,270,386 shares of the basic materials company’s stock worth $272,955,000 after acquiring an additional 1,720,066 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Teck Resources by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,185,349 shares of the basic materials company’s stock worth $268,261,000 after acquiring an additional 28,531 shares during the last quarter. 78.06% of the stock is owned by institutional investors.

Teck Resources News Roundup

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

• Positive Sentiment: Strong third-quarter results: Teck reported quarterly revenue of $3.17 billion, up 33.4% year over year and above the $3.04 billion consensus estimate. Reported EPS also exceeded expectations, with sources citing $1.34 and $1.88 per share versus the $1.06 consensus, while record copper prices and sustained operating performance supported results. Teck Reports Unaudited Third Quarter Results for 2026
• Positive Sentiment: Analysts raised several earnings forecasts: Zacks Research increased its estimates for the first, second, third and fourth quarters of 2027. Its FY2027 EPS forecast rose to $3.39 from $2.48, indicating improved expectations for near-term operating performance. Teck Resources Q3 Key Metrics
• Positive Sentiment: Dividend declared: Teck approved an eligible quarterly dividend of C$0.125 per share, payable December 31 to shareholders of record December 15. The dividend signals continued shareholder returns, although the indicated yield is modest at about 0.8%. Teck Announces Dividend
• Neutral Sentiment: Mixed forward outlook: Zacks estimates FY2026 EPS at $4.30, close to the $4.32 consensus, but FY2027 EPS at $3.39 would represent a decline from FY2026, suggesting that some of the current earnings strength may not persist.
• Negative Sentiment: Labor disruption risk: Teck faces a strike at its Highland Valley Copper mine. A prolonged work stoppage could reduce copper production, revenue and cash flow, offsetting the benefit of strong copper prices. Teck Resources Faces Strike at Highland Valley Copper Mine

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.