Teck Resources (NYSE:TECK) Price Target Lowered to $46.00 at JPMorgan Chase & Co.

Teck Resources (NYSE:TECK) (TSE:TECK) had its price objective trimmed by JPMorgan Chase & Co. from $48.00 to $46.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other analysts also recently commented on TECK. TD Securities restated a “hold” rating on shares of Teck Resources in a research report on Friday, April 24th. Veritas downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Wall Street Zen raised Teck Resources to a “buy” rating in a research note on Saturday, May 16th. Zacks Research cut Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.83.

Teck Resources Trading Up 5.5%

Shares of TECK stock opened at $59.22 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.83 and a quick ratio of 2.16. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 3.31 and a beta of 0.92. Teck Resources has a 1 year low of $30.98 and a 1 year high of $71.25. The firm has a fifty day moving average price of $62.44 and a 200-day moving average price of $56.73.

Teck Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 15th. Teck Resources’s dividend payout ratio (DPR) is 13.19%.

Institutional Trading of Teck Resources

Institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in Teck Resources in the fourth quarter worth $25,000. Blue Trust Inc. raised its holdings in shares of Teck Resources by 411.8% in the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 453 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 303 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in Teck Resources in the first quarter worth about $83,000. Finally, Versant Capital Management Inc lifted its stake in Teck Resources by 86.5% in the second quarter. Versant Capital Management Inc now owns 1,587 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 736 shares during the period. Institutional investors own 78.06% of the company’s stock.

Trending Headlines about Teck Resources

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

• Positive Sentiment: Teck and partners agreed to boost output at its Trail Operations, which could improve production volumes and support near-term earnings. Teck and partners agree to boost output at Trail Operations
• Positive Sentiment: Reports that Ottawa is betting big on Teck’s germanium production in Trail and considering a C$400 million metals investment suggest stronger government support for a key strategic asset. Canada mulls C$400m Teck metals investment
• Neutral Sentiment: Teck scheduled its second-quarter 2026 earnings release for July 23, keeping attention on upcoming results and guidance. Teck to Release Second Quarter 2026 Results on July 23, 2026
• Neutral Sentiment: Scotiabank lifted its FY2026 earnings estimate for Teck, which is supportive, but maintained a “Sector Perform” rating. MarketBeat TECK report
• Negative Sentiment: JPMorgan lowered its price target on Teck and kept a neutral view, signaling less upside in the stock. Benzinga report on JPMorgan price target cut
• Negative Sentiment: Teck was also hit by broader weakness in copper-mining stocks amid rising crude prices and Middle East tensions, which pressured the sector. Copper Mining Stock Slide Could Be Short-Lived

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.