Teck Resources Limited (TECK) is listed on NYSE and operates in the Industrial Materials industry (Basic Materials sector).
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals. It also produces indium and germanium. In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. 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 headquartered in Vancouver, Canada.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 18 |
| Hold | 6 |
| Sell | 2 |
| Strong Sell | 0 |
Teck Resources Limited, founded in 1913 and headquartered in Vancouver, Canada, is involved in the exploration, acquisition, development, and production of natural resources across Asia, Europe, and North America. The company operates through several segments, including Steelmaking Coal, Copper, Zinc, Energy, and Corporate. Its primary products encompass steelmaking coal, copper, zinc, and zinc concentrates, along with other metals such as gold, lead, silver, molybdenum, indium, and germanium. Additionally, Teck Resources produces chemicals and fertilizers. The company also holds interests in the Frontier oil sands projects located in the Athabasca region of Alberta. Beyond Canada, Teck Resources has exploration and development projects in countries such as Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. Originally known as Teck Cominco Limited, the company adopted its current name in April 2009.
Over the past three fiscal years, the company has demonstrated robust revenue growth, with a consistent increase at a 28.8% CAGR, rising from CAD 6.48 billion in 2023 to CAD 10.75 billion in 2025. Despite this top-line expansion, profitability metrics have been mixed. The gross margin improved by 4.7pp, reaching 21.8% in 2025, and operating margin saw a significant turnaround, increasing by 13.0pp to 16.5%. However, the net margin decreased by 24.2pp, ending at 13.0%, indicating potential challenges in managing costs or other expenses. Earnings per share (EPS) were inconsistent, declining from CAD 4.60 in 2023 to CAD 2.83 in 2025, reflecting the volatility in net profitability. Cash flow dynamics were also turbulent; while operating cash flow decreased consistently, free cash flow (FCF) remained negative, deteriorating from -CAD 256 million in 2023 to -CAD 1.02 billion in 2025. This negative FCF trend underscores ongoing cash management challenges despite revenue growth. On a positive note, the company reduced its net debt significantly, from CAD 10.35 billion to CAD 5.38 billion, and executed a share buyback, reducing the share count by 5.7%, which is favorable for existing shareholders. Additionally, improvements in working capital efficiency, as evidenced by a declining cash conversion cycle, and a consistent increase in return on invested capital (ROIC) to 5.3%, suggest strategic efforts to enhance operational efficiency and shareholder value.
Teck Resources Ltd (TECK) is poised for significant developments as it prepares to release its first quarter 2026 earnings results on April 23. Analysts are optimistic about the company's performance, with expectations of earnings growth and potential surprises in the upcoming report. This anticipation is reflected in recent analyst ratings, with Teck being highlighted as a top-ranked growth stock. Additionally, institutional interest in Teck remains strong, as evidenced by Canoe Financial LP's substantial holdings of $159.55 million in the company. Meanwhile, Teck's stock has experienced volatility, with a recent 4.1% decline following a previous week where it rose by nearly 7%. These fluctuations may be influenced by market sentiment and the company's GF Score of 75, which provides insights into its financial health and growth potential. As Teck approaches its earnings release, investors will be keenly watching for updates that could impact its stock performance and market positioning.