Teck Resources Limited (TECK) AI Stock Analysis

NYSE: TECKAI research summary: business, growth, valuation, analysts, bull and bear case.

TECK AI stock analysis summary

AI Research

Teck Resources Limited is a Canada-based natural resources producer focused on copper, zinc, steelmaking coal, and energy products. The company generated $13.99B in trailing twelve month revenue with an operating margin of 43.1%. While quarterly revenue expanded 78.2% year-over-year in the period ended June 30, 2026, free cash flow stood at -$1.02B in FY2025.

Market cap
$31.70B
Revenue (TTM)
$13.99B
P/E
17.6x
fwd 17.3x
1Y return
46.8%
S&P 500 16.8%
Avg. target
$56.94
-11.9% vs last close

Bull case

  • Quarterly revenue advanced 78.2% year-over-year in the period ended June 30, 2026, with quarterly earnings increasing 324.4%.
  • Teck delivered EPS beats in all 4 of the past four quarters, with FY2026 EPS projected to grow 99.7% to $6.17.
  • The trailing twelve-month operating margin stands at 43.1%, exceeding the US-listed Basic Materials peer median of 18.5%.

Bear case

  • The mean analyst price target of $56.94 reflects an 11.9% discount compared to the October 16, 2026 closing price of $64.62.
  • Free cash flow was -$1.02B in FY2025 following capital expenditures of $2.06B against operating cash flow of $1.04B.
  • Analysts project EPS to contract 10.1% in the next fiscal year to $5.54 on muted revenue growth of 1.6%.

What Teck Resources does

Teck Resources Limited explores, acquires, develops, and produces natural resources across Asia, Europe, and North America. Headquartered in Vancouver, Canada, the company operates through its Steelmaking Coal, Copper, Zinc, and Energy segments. Its primary commodities include copper, zinc, steelmaking coal, and blended bitumen. Teck Resources also produces lead, silver, molybdenum, specialty metals, chemicals, and fertilizers, alongside exploration efforts for gold. Tracing its roots back to 1913, the organization was originally known as Teck Cominco Limited before rebranding as Teck Resources Limited in April 2009.

Growth and profitability

Teck Resources posted a 5-year revenue CAGR of 3.7% from FY2020 through FY2025. Annual top-line performance saw fluctuations, dropping 62.6% to $6.48B in FY2023 before recovering 40.0% to $9.06B in FY2024 and 18.6% to $10.75B in FY2025. Net income was $1.40B in FY2025 with a net margin of 13.0%, down from $3.32B and 19.2% in FY2022. For the trailing twelve months, revenue reached $13.99B with a profit margin of 17.8% and EPS of $3.68. In the latest quarter ended June 30, 2026, quarterly revenue grew 78.2% year-over-year, while quarterly earnings jumped 324.4%.

TECK income statement →

Balance sheet and cash flow

As of June 30, 2026, Teck Resources maintained $6.05B in cash and short-term investments against total debt of $9.80B, resulting in net debt of $3.74B. Shareholders' equity was $27.61B alongside total assets of $48.07B. The balance sheet carries a current ratio of 3.12 and a debt-to-equity ratio of 0.35. In FY2025, operating cash flow totaled $1.04B, while capital expenditures reached $2.06B, leading to free cash flow of -$1.02B. Cash outlays that year included $1.01B in share buybacks and $245.8M in dividends paid.

TECK balance sheet →

Valuation and performance

TECK has an enterprise value of $35.50B and a market capitalization of $31.70B. It trades at a trailing P/E of 17.6x and an EV/EBITDA of 7.7x, below the median of its US-listed Basic Materials peers at 19.7x trailing P/E and 10.5x EV/EBITDA. However, its forward P/E of 17.3x sits above the peer median of 13.4x, and its PEG ratio is 3.97. Over the past year, TECK gained 46.8% compared to a 16.8% return for the S&P 500 (SPY), and its 5-year return of 136.9% outpaced SPY's 83.0%.

TECK key metrics →

TECK dividend

Teck Resources pays a quarterly dividend with an annual forward payout of $0.35 per share, yielding 0.55%. The company maintains a payout ratio of 6.9% and has paid dividends for 17 consecutive years. Its 5-year annualized dividend growth rate is 19.0%, and its most recent ex-dividend date was September 15, 2026.

TECK dividend history →

What analysts expect

Consensus ratings include 6 Strong Buy, 1 Buy, 6 Hold, 1 Sell, and 3 Strong Sell. The mean price target of $56.94 stands 11.9% below the last close of $64.62. For the fiscal year ending December 31, 2026, analysts project EPS of $6.17 on revenue of $15.33B. For the following fiscal year, 18 analysts forecast revenue of $15.57B and EPS of $5.54. Teck beat EPS estimates in each of the last 4 quarters, with the next earnings release scheduled for October 29, 2026.

TECK forecast and price target →

Key risks and what to watch

  • Teck's stock has a beta of 1.65, signaling high volatility relative to the broader market.
  • The business carries $9.80B in total debt and $3.74B in net debt as of June 30, 2026.
  • Historical revenue experienced steep drawdowns, such as a 62.6% drop in FY2023, reflecting cyclical commodity exposure.
  • The company generated negative free cash flow in two of the last three reported fiscal years, including -$256.0M in FY2023 and -$1.02B in FY2025.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this TECK AI stock analysis

This page is an AI-written research summary of Teck Resources Limited (TECK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: TECK income statement, TECK balance sheet, TECK key metrics, TECK analyst forecast, TECK chart. See the TECK stock overview for the latest quote and news.

TECK AI stock analysis FAQ

What dividend does Teck Resources pay?

Teck Resources pays an annual forward dividend of $0.35 per share, representing a 0.55% dividend yield with a 6.9% payout ratio. Dividends have been paid for 17 consecutive years.

What is Teck Resources' net debt position?

As of June 30, 2026, Teck Resources held $6.05B in cash and short-term investments against $9.80B in total debt, giving it net debt of $3.74B. Its debt-to-equity ratio was 0.35.

When does Teck Resources report its next earnings?

The company's next earnings report is scheduled for October 29, 2026. Teck surpassed EPS consensus estimates in each of its prior 4 quarters.

How is TECK valued compared to Basic Materials peers?

TECK trades at an EV/EBITDA of 7.7x and a trailing P/E of 17.6x, below the US-listed Basic Materials medians of 10.5x and 19.7x, respectively. However, its forward P/E of 17.3x sits above the peer median of 13.4x.

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