Teck Resources Ltd Class B logo

Teck Resources Ltd Class B(TECK)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$66.05
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for TECK

09/25/2026: TECK (2-star) is currently NOT-A-BUY. Pass it for now.

Teck Resources is a leading diversified mining company based in Canada, primarily producing copper, zinc, and steelmaking coal. The company is well-regarded for its high-quality asset base and is actively pivoting toward copper to capitalize on global electrification trends. While its coal segment provides stable, high-margin cash flow, the company’s heavy exposure to commodity price volatility and the capital-intensive nature of mining remain key risks. Investors should monitor the execution of its major copper expansion projects and future portfolio restructuring initiatives. The stock may best suit investors looking for direct exposure to the industrial metals cycle who can withstand market-driven price swings.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied to long-term copper project execution rather than rapid, linear business expansion.
Momentum investorStrong fit while signal remains positiveThe stock tends to trend strongly during commodity bull markets.
Value investorStrong fitThe company often trades at attractive multiples relative to the intrinsic value of its reserves.
Dividend investorMixed fitDividends are cyclical and variable rather than strictly consistent.
Low-risk investorWeak fitHigh exposure to commodity price volatility makes this a higher-risk investment.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighEarnings are directly linked to global commodity prices, which are notoriously unpredictable.
Valuation riskMediumMarket prices can decouple from underlying asset value during commodity downturns.
Competition risk (Commodity market)Medium / highLarge-scale competitors can influence global supply and pricing dynamics.
Business qualityMediumMining is a capital-intensive business with inherent operational and geological risks.
Dividend incomeMediumDividends can be reduced if cash flows tighten due to lower commodity prices.
Execution riskHighLarge-scale mining projects face significant technical and permitting challenges.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 12.49%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
TECK receives a 3-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by soft unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
TECK has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+244.8%) and solid revenue growth (+18.6%) are partially offset by soft cash generation (FCF margin -9.5%), modest insider ownership of 2.79%.

Financial Health Rating

★★★★★
TECK's financial health is supported by solid cash strength, including free-cash-flow generation of $-1.0B (-9.5% of revenue). Liquidity is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is TECK's strongest growth driver at +244.8% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+18.6%, solid) is also solid, while free-cash-flow growth (-756.2%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 77.3% and approximately 97.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.79% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Principal Financial Group Inc 4.69%
Royal Bank of Canada 3.08%
UBS Group AG 3.01%
Vanguard Capital Management, LLC 2.70%
Mackenzie Investments 1.82%

Unit Economics (Per $1K Revenue)

★★★★★
TECK generates approximately $218 of gross profit, $165 of operating income, and $-95 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 35.27%

Quantitative Style Profile

★★★★★
TECK has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedQuality TiltHigh VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 32.40B USD
Price to earnings Ratio 18.35
1Y Target Price 53
Price to earnings Ratio 18.35
1Y Target Price 53
Volume (30-day avg) 2.9M shares
Beta 1.6
52 Weeks Range 37.75 - 72.46
Updated Date 09/26/2026
52 Weeks Range 37.75 - 72.46
Updated Date 09/26/2026
Dividends yield (FY) 0.75%
Basic EPS (TTM) 3.6

How Company Makes Money

Business areaWhat it includesRetail investor read
CopperMining, milling, and refining of copper ore; sold to industrial manufacturers.This is the primary long-term growth engine, benefiting from the global shift toward electrification.
Steelmaking CoalExtraction and export of metallurgical coal; sold to global steel producers.Provides stable, high-margin cash flow used to fund other parts of the business.
ZincMining and processing of zinc concentrates and metals.Serves as a reliable secondary contributor to overall revenue.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 18.35
Forward PE 17.27
Enterprise Value 35.50B
Price to Sales(TTM) 2.32
Enterprise Value 35.50B
Price to Sales(TTM) 2.32
Enterprise Value to Revenue 3.57
Enterprise Value to EBITDA 7.67
Shares Outstanding 483.00M
Shares Floating 469.28M
Shares Outstanding 483.00M
Shares Floating 469.28M
Percent Insiders 2.79
Percent Institutions 77.27

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Teck Resources Ltd Class B

Exchange NYSE
Headquarters Vancouver, BC, Canada
IPO Launch date 2002-07-18
President, CEO & Director Mr. Jonathan H. Price M.B.A.
Sector Basic Materials
Industry Copper
Full time employees 7429
Full time employees 7429

Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. It operates through Copper and Zinc segments. The company offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It also produces lead, precious metals, molybdenum, fertilizers, and other metals; and sells refined metals or concentrates. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is based in Vancouver, Canada.