Teck Resources (NYSE:TECK) Price Target Raised to $63.00

Teck Resources (NYSE:TECK) (TSE:TECK) had its target price raised by JPMorgan Chase & Co. from $47.00 to $63.00 in a research report report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on TECK. Weiss Ratings downgraded Teck Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Scotia increased their price target on shares of Teck Resources from $83.00 to $88.00 and gave the company a “sector perform” rating in a research report on Friday. Canaccord Genuity Group cut their target price on Teck Resources from $96.50 to $87.00 and set a “hold” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Raymond James Financial raised shares of Teck Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.43.

Teck Resources Stock Performance

Shares of TECK opened at $60.60 on Friday. The company’s fifty day moving average is $66.16 and its two-hundred day moving average is $60.44. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.33 and a current ratio of 3.12. Teck Resources has a 1 year low of $38.00 and a 1 year high of $72.56.

Teck Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a C$0.12 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 15th. Teck Resources’s dividend payout ratio is currently 6.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake 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 valued at $1,139,051,000 after acquiring an additional 3,211,985 shares during the last quarter. HBK Investments L P lifted its stake in 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 purchasing an additional 4,188,029 shares during the last quarter. Temasek Holdings Private Ltd increased its stake in Teck Resources by 7.1% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,685,453 shares of the basic materials company’s stock valued at $294,015,000 after buying an additional 378,069 shares during the period. Arrowstreet Capital Limited Partnership lifted 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 buying an additional 1,720,066 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Teck Resources by 0.6% during 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 buying an additional 28,531 shares in the last quarter. 78.06% of the stock is 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.