Teck Resources (NYSE:TECK) Shares Gap Down – Here’s Why

15 May 2026, 13:38 by Scott Moore · The Cerbat Gem

Teck Resources Ltd (NYSE:TECK – Get Free Report) (TSE:TECK) shares gapped down prior to trading on Friday . The stock had previously closed at $65.40, but opened at $60.63. Teck Resources shares last traded at $61.2990, with a volume of 1,571,118 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TECK shares. Veritas raised shares of Teck Resources from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 15th. UBS Group reissued a “buy” rating on shares of Teck Resources in a report on Tuesday, January 27th. Benchmark increased their price target on shares of Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Scotiabank reissued a “sector perform” rating on shares of Teck Resources in a report on Tuesday, April 14th. Finally, Truist Financial set a $67.00 price target on shares of Teck Resources in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.17.

Check Out Our Latest Report on TECK

Teck Resources Stock Performance

The company has a current ratio of 2.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $29.70 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 4.90 and a beta of 0.86. The stock’s 50 day moving average price is $55.27 and its two-hundred day moving average price is $51.16.

Teck Resources (NYSE:TECK – Get Free Report) (TSE:TECK) last posted its quarterly earnings results on Thursday, February 19th. The basic materials company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.39. Teck Resources had a net margin of 14.91% and a return on equity of 7.94%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts forecast that Teck Resources Ltd will post 2.68 EPS for the current year.

Teck Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Teck Resources’s dividend payout ratio is presently 13.55%.

Institutional Investors Weigh In On Teck Resources

A number of large investors have recently added to or reduced their stakes in the business. Lombard Odier Asset Management Switzerland SA grew its stake in Teck Resources by 6.9% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 44,744 shares of the basic materials company’s stock valued at $2,314,000 after acquiring an additional 2,872 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Teck Resources by 161.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 885,158 shares of the basic materials company’s stock valued at $45,817,000 after acquiring an additional 546,394 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Teck Resources in the 1st quarter valued at about $10,240,000. FCA Corp TX acquired a new stake in Teck Resources in the 1st quarter valued at about $207,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Teck Resources by 48.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,270,386 shares of the basic materials company’s stock valued at $272,955,000 after acquiring an additional 1,720,066 shares during the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

About Teck Resources

(Get Free Report)

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.