Principal Financial Group Inc. Acquires 4,474,637 Shares of Teck Resources Ltd $TECK

Principal Financial Group Inc. boosted its stake in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,879,229 shares of the basic materials company’s stock after purchasing an additional 4,474,637 shares during the quarter. Principal Financial Group Inc.’s holdings in Teck Resources were worth $740,604,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. ASR Vermogensbeheer N.V. boosted its holdings in shares of Teck Resources by 1.6% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 16,721 shares of the basic materials company’s stock worth $734,000 after buying an additional 270 shares during the period. Stephens Inc. AR lifted its position in Teck Resources by 4.8% during the second quarter. Stephens Inc. AR now owns 7,189 shares of the basic materials company’s stock worth $290,000 after acquiring an additional 329 shares during the last quarter. CWM LLC boosted its holdings in shares of Teck Resources by 22.7% during the third quarter. CWM LLC now owns 2,078 shares of the basic materials company’s stock worth $91,000 after acquiring an additional 384 shares during the period. Assetmark Inc. grew its position in shares of Teck Resources by 2.1% in the second quarter. Assetmark Inc. now owns 20,360 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 415 shares during the last quarter. Finally, VestGen Advisors LLC increased its stake in shares of Teck Resources by 7.9% during the second quarter. VestGen Advisors LLC now owns 6,353 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 467 shares during the period. 78.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TECK. UBS Group restated a “buy” rating on shares of Teck Resources in a research note on Tuesday. Raymond James Financial downgraded shares of Teck Resources from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 14th. Canaccord Genuity Group cut shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of Teck Resources in a report on Thursday, January 15th. Finally, Benchmark reaffirmed a “buy” rating on shares of Teck Resources in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, Teck Resources currently has an average rating of “Hold” and an average target price of $53.33.

Teck Resources Stock Down 7.8%

Shares of TECK opened at $53.75 on Friday. Teck Resources Ltd has a one year low of $28.32 and a one year high of $60.71. The firm has a 50 day simple moving average of $47.77 and a two-hundred day simple moving average of $41.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.78 and a quick ratio of 2.08. The company has a market cap of $25.85 billion, a P/E ratio of 30.20, a P/E/G ratio of 0.59 and a beta of 0.79.

Key Teck Resources News

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

• Positive Sentiment: Zacks raised multiple quarterly EPS forecasts for 2026–2027 (examples: Q1‑2026 to $0.38 from $0.32; Q2‑2026 to $0.39 from $0.34; Q3‑2026 to $0.47 from $0.40; Q4‑2026 to $0.50 from $0.39; Q1‑2027 to $0.23 from $0.18; Q2‑2027 to $0.41 from $0.34; Q3‑2027 to $0.52 from $0.44; Q4‑2027 to $0.70 from $0.59), signaling higher expected profitability across several quarters. Zacks Research raises estimates for Teck Resources
• Positive Sentiment: Zacks also nudged FY2025 EPS up to $1.58 from $1.55 and lifted Q4‑2025 to $0.41 from $0.35 — a modest raise to the full‑year view that supports a slightly stronger earnings outlook for the company. Zacks Research raises estimates for Teck Resources
• Neutral Sentiment: Despite the upward revisions by Zacks, the published consensus for Teck’s current full‑year EPS remained at $1.53 in the report — suggesting markets and other analysts may not have fully repriced expectations yet. Zacks Research raises estimates for Teck Resources

Teck Resources Company Profile

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.