Teck Resources Ltd (NYSE:TECK) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 85.3% to 13.96 million shares as of September 15, representing 2.9% of Teck Resources’ outstanding stock and 4.5 days to cover.
• Analysts raised several EPS forecasts, while institutional ownership reached 78.06%; HBK Investments more than tripled its stake during the second quarter.
• Teck’s latest quarterly results beat expectations, with EPS of $1.35 versus $0.95 expected and revenue up 78.2% year over year. Despite some upgrades, the stock retains a consensus “Hold” rating with a $62.25 price target.

Teck Resources Ltd (NYSE:TECK - Get Free Report) TSE: TECK was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 13,955,380 shares, a growth of 85.3% from the August 31st total of 7,530,763 shares. Currently, 2.9% of the company's stock are sold short. Based on an average trading volume of 3,130,326 shares, the days-to-cover ratio is presently 4.5 days.

More Teck Resources News

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

• Positive Sentiment: Analysts raised quarterly EPS forecasts. Zacks Research increased its Q3 2026 EPS estimate to $0.64 from $0.51 and lifted its Q4 2026 forecast to $0.49 from $0.33. Higher projected profitability can support the investment case for Teck Resources (TECK). Teck Resources earnings estimate revisions
• Positive Sentiment: Longer-term estimates also improved. Zacks raised its Q4 2027 EPS forecast to $0.49 from $0.43, while the current full-year consensus estimate remains $4.07 per share. The revisions suggest analysts see better earnings momentum ahead. Brokers set expectations for Teck Resources earnings
• Positive Sentiment: Teck was highlighted as a highly ranked growth stock. A Zacks analysis points to the company’s favorable style scores, which may attract investors seeking growth exposure in the mining sector. Teck Resources top-ranked growth stock analysis
• Neutral Sentiment: Value comparison with BHP remains inconclusive. Recent analyses compare TECK with BHP to determine which offers the stronger value opportunity, but the reports do not represent a new company-specific catalyst. TECK or BHP value comparison

Institutional Investors Weigh In On Teck Resources

Several large investors have recently added to or reduced their stakes in TECK. HBK Investments L P boosted its position in shares of Teck Resources by 264.2% during 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 during the last quarter. Sequoia Financial Advisors LLC increased its stake in Teck Resources by 13.2% in the second quarter. Sequoia Financial Advisors LLC now owns 16,451 shares of the basic materials company's stock valued at $978,000 after acquiring an additional 1,920 shares during the last quarter. Tidal Investments LLC raised its position in Teck Resources by 9.0% during the second quarter. Tidal Investments LLC now owns 166,945 shares of the basic materials company's stock valued at $9,789,000 after purchasing an additional 13,811 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of Teck Resources during the 2nd quarter valued at about $207,000. Finally, Squarepoint Ops LLC bought a new stake in Teck Resources in the 2nd quarter worth approximately $7,952,000. Institutional investors own 78.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TECK. Veritas downgraded shares of Teck Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Teck Resources from $64.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. increased their price objective on shares of Teck Resources from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Raymond James Financial upgraded shares of Teck Resources from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded Teck Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Teck Resources presently has a consensus rating of "Hold" and a consensus price target of $62.25.

Teck Resources Price Performance

TECK stock traded down $0.38 during mid-day trading on Tuesday, reaching $64.78. 2,921,580 shares of the company traded hands, compared to its average volume of 3,615,189. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.33. The company has a market capitalization of $31.29 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.03 and a beta of 0.94. Teck Resources has a 52-week low of $38.00 and a 52-week high of $72.56. The company has a fifty day moving average price of $65.51 and a 200-day moving average price of $61.10.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.40. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.38 billion. Teck Resources had a net margin of 17.85% and a return on equity of 10.42%. The company's revenue for the quarter was up 78.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, analysts anticipate that Teck Resources will post 4.07 earnings per share for the current year.

Teck Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of C$0.12 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 15th. Teck Resources's payout ratio is 9.76%.

Teck Resources Company Profile

Teck Resources Limited is a Canadian mining and metals company headquartered in Vancouver, British Columbia. The company focuses primarily on the exploration, development and production of copper and zinc, which are used in construction, infrastructure, manufacturing and the global energy transition.

Teck's copper operations include the Highland Valley Copper mine in British Columbia, the Carmen de Andacollo mine in Chile and the Quebrada Blanca operation in northern Chile. Its zinc business includes the Red Dog mine in Alaska, one of the world's significant zinc-producing operations.

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