Teck Resources
TECK
About: Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 75%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024. In September 2025, it agreed to merge with Anglo American.
Employees: 7,200
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
71% more call options, than puts
Call options by funds: $348M | Put options by funds: $204M
13% more capital invested
Capital invested by funds: $11.9B [Q1] → $13.5B (+$1.59B) [Q2]
3.26% more ownership
Funds ownership: 65.26% [Q1] → 68.52% (+3.26%) [Q2]
4% less funds holding
Funds holding: 485 [Q1] → 464 (-21) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 172
21% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 78
25% less funds holding in top 10
Funds holding in top 10: 12 [Q1] → 9 (-3) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
|
Deutsche Bank
Abhi Agarwal
|
$42
|
Buy
Upgraded
|
8 Sep 2025 |
|
Benchmark
Nathan Martin
|
$48
|
Buy
Maintained
|
28 Jul 2025 |
|
RBC Capital
Sam Crittenden
|
$67
|
Outperform
Maintained
|
25 Jul 2025 |
|
JP Morgan
Bill Peterson
|
$41
|
Neutral
Downgraded
|
25 Jul 2025 |
|
Morgan Stanley
Carlos De Alba
|
$44
|
Equal-Weight
Downgraded
|
15 Jul 2025 |
Financial journalist opinion
Based on 29 articles about TECK published over the past 30 days
