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

Key Points

• Wall Street Zen downgraded Teck Resources from “buy” to “hold,” adding to mixed analyst sentiment. Six analysts rate the stock a Buy and nine rate it a Hold, with an average target price of $76.43.
• Other firms delivered mixed updates: Raymond James upgraded the stock to Outperform, while Canaccord lowered its target to $87 and JPMorgan raised its target to $63 but maintained a Neutral rating.
• Teck Resources shares opened at $60.60 and were reported down 4.9%; the company has a market capitalization of about $29.28 billion, while institutional investors own 78.06% of its outstanding shares.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research firms have also recently issued reports on TECK. Raymond James Financial raised shares of Teck Resources from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 23rd. Canaccord Genuity Group reduced their price objective on shares of Teck Resources from $96.50 to $87.00 and set a "hold" rating on the stock in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Teck Resources from $47.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday. Weiss Ratings lowered shares of Teck Resources from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. Finally, Scotia lifted their target price on shares of Teck Resources from $83.00 to $88.00 and gave the stock a "sector perform" rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Teck Resources has an average rating of "Hold" and an average target price of $76.43.

Teck Resources Trading Down 4.9%

Teck Resources stock opened at $60.60 on Friday. The stock has a 50-day moving average price of $66.16 and a 200 day moving average price of $60.44. Teck Resources has a 52 week low of $38.00 and a 52 week high of $72.56. The stock has a market cap of $29.28 billion, a PE ratio of 13.03, a P/E/G ratio of 2.03 and a beta of 1.01. The company has a current ratio of 3.12, a quick ratio of 2.33 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TECK. Geneos Wealth Management Inc. raised its position in Teck Resources by 117.4% in the first quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 303 shares during the period. Blue Trust Inc. lifted its holdings in Teck Resources by 411.8% in the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company's stock worth $29,000 after acquiring an additional 453 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Teck Resources by 101.8% in the third quarter. SBI Securities Co. Ltd. now owns 900 shares of the basic materials company's stock valued at $59,000 after acquiring an additional 454 shares during the period. Elevation Point Wealth Partners LLC boosted its stake in Teck Resources by 8.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 5,720 shares of the basic materials company's stock valued at $296,000 after acquiring an additional 466 shares during the period. Finally, AMG National Trust Bank boosted its stake in Teck Resources by 13.1% in the first quarter. AMG National Trust Bank now owns 5,531 shares of the basic materials company's stock valued at $286,000 after acquiring an additional 640 shares during the period. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Key Teck Resources News

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.

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