Evergreen Capital Management LLC Invests $456,000 in Teck Resources Ltd $TECK

Evergreen Capital Management LLC purchased a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,519 shares of the basic materials company’s stock, valued at approximately $456,000.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Teck Resources by 11.1% in the first quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock valued at $1,264,000 after buying an additional 3,458 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Teck Resources by 453.0% in the first quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock valued at $354,000 after buying an additional 7,963 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Teck Resources by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock valued at $16,971,000 after buying an additional 8,146 shares during the period. Marshall Wace LLP increased its stake in shares of Teck Resources by 189.3% in the second quarter. Marshall Wace LLP now owns 218,242 shares of the basic materials company’s stock valued at $8,813,000 after buying an additional 142,816 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of Teck Resources by 4,602.9% in the second quarter. NewEdge Advisors LLC now owns 8,183 shares of the basic materials company’s stock valued at $330,000 after buying an additional 8,009 shares during the period. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TD Securities reaffirmed a “hold” rating on shares of Teck Resources in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $62.00 price objective on shares of Teck Resources in a report on Wednesday, April 15th. UBS Group restated a “buy” rating on shares of Teck Resources in a report on Tuesday, January 27th. Scotiabank restated a “sector perform” rating on shares of Teck Resources in a report on Tuesday, April 14th. Finally, Veritas upgraded Teck Resources from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Teck Resources currently has a consensus rating of “Hold” and an average price target of $59.67.

Teck Resources Stock Performance

NYSE:TECK opened at $60.11 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.16 and a current ratio of 2.83. The company has a 50 day simple moving average of $54.59 and a two-hundred day simple moving average of $49.59. Teck Resources Ltd has a fifty-two week low of $30.98 and a fifty-two week high of $63.26. The company has a market capitalization of $28.97 billion, a PE ratio of 22.02, a P/E/G ratio of 3.12 and a beta of 0.85.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued 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 return on equity of 7.94% and a net margin of 14.91%.The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $0.45 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Teck Resources Ltd will post 2.59 earnings per share for the current year.

Teck Resources Dividend Announcement

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

Key Teck Resources News

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

• Positive Sentiment: Q1 earnings materially beat expectations — Teck reported sharply higher EPS (around $1.25–$1.28) and strong revenue growth driven by record copper sales and higher volumes, which boosted near-term earnings visibility and underpins commodity-linked upside. Read More.
• Positive Sentiment: Analysts lifting estimates — Several outlets report upward EPS estimate revisions after the quarter, improving FY26 outlook and supporting valuation multiple expansion. Read More.
• Positive Sentiment: Board declared a quarterly dividend of $0.125/sh (record June 15, payable June 30), a modest yield that signals cash-return discipline and may support shareholder demand. Read More.
• Positive Sentiment: Index-support risk reduced — S&P is reportedly considering a rule change to keep Teck in Canadian benchmarks after the Anglo merger, which would preserve passive-fund demand for the stock. Read More.
• Neutral Sentiment: Corporate governance update — Teck published voting results from its annual meeting (routine disclosure; no major governance surprises). Read More.
• Neutral Sentiment: Full earnings materials and call transcript available — Management slides and the earnings-call transcript were released for deeper investor review of production, guidance and unit costs. Read More.
• Negative Sentiment: Zacks downgraded TECK from “strong-buy” to “hold,” which could reduce buy-side momentum from that research channel. Read More.
• Negative Sentiment: Cost risk from Middle East conflict — Management warned of rising fuel costs for Chile operations due to energy/supply-chain shocks, a potential margin headwind if sustained. Read More.

Teck Resources 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.