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, and Energy segments. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead and molybdenum concentrates. It also produces gold, silver, germanium, indium, and cadmium, as well as chemicals, industrial products, and fertilizers. 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.
IPO Year:
Exchange: NYSE
Website: teck.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | Buy → Neutral | UBS | |
| 10/25/2024 | $50.00 | Buy → Hold | Deutsche Bank |
| 9/4/2024 | Neutral → Buy | UBS | |
| 7/15/2024 | Outperform | BMO Capital Markets | |
| 1/16/2024 | Buy | UBS | |
| 11/10/2023 | Peer Perform → Outperform | Wolfe Research | |
| 10/17/2023 | $52.00 | Overweight | JP Morgan |
| 7/28/2023 | Sector Perform → Outperform | National Bank Financial | |
| 7/11/2023 | Outperform → Peer Perform | Wolfe Research | |
| 4/27/2023 | Outperform → Sector Perform | National Bank Financial |
RBC Capital analyst Sam Crittenden maintains TECK RESOURCES LIMITED (TSX:TECK) with a Outperform and lowers the price target from C$91 to C$88.
JP Morgan analyst Bill Peterson maintains Teck Resources (NYSE:TECK) with a Overweight and lowers the price target from $56 to $54.
Teck Resources (NYSE:TECK) reported quarterly earnings of C$0.79 per share which beat the analyst consensus estimate of C$0.69 by 14.49 percent. This is a 35.25 percent decrease over earnings of C$1.22 per share from the same period last year. The company reported quarterly sales of C$3.873 billion which missed the analyst consensus estimate of C$4.020 billion by 3.65 percent. This is a 10.06 percent increase over sales of C$3.519 billion the same period last year.
A global mining leader, Rio Tinto (NYSE:RIO), reviewed the first half of the year and evaluated progress across key projects such as Simandou in Guinea, Oyu Tolgoi in Mongolia, and Jadar in Serbia. “We are growing with discipline in the materials the world needs for the energy transition,” said CEO Jakob Stausholm, whose company demonstrated an output increase across the board Rio shipped 80.3 million tons of iron ore in Q2, posting a 3% sequential increase. Pilbara ore shipments remain on the full-year guidance at 323 million to 338 million tons, despite a minor decline due to a train collision. After receiving all necessary approvals, the company is now positioned to begin develop
CIBC analyst Bryce Adams maintains Teck Resources (NYSE:TECK) with a Outperformer and raises the price target from C$70 to C$80.
https://news.sky.com/story/rio-tinto-studies-mining-megadeals-after-collapse-of-bhp-anglo-swoop-13176900
Chile's state-owned copper giant, Codelco, is considering acquiring a 10% stake in Teck Resources (NYSE:TECK) Quebrada Blanca copper mine from Ecuadorian state mining firm Enami. The deal is valued at around $500 million. What Happened: Buying a piece of the Quebrada Blanca mine could boost Codelco's domestic copper output and help Enami fortify its balance sheet. A local newspaper, La Tercera, broke the news. See Also: Silvercorp’s $147M Acquisition Stalls As Lawsuit Challenges Key Ecuadorian Project The Quebrada Blanca mine is located in northern Chile at an elevation of 4,400 meters. Production began in 1994 as an open-pit operation. Teck Resources has been the majority ow
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
SD - TECK RESOURCES LTD (0000886986) (Filer)
SC 13G/A - TECK RESOURCES LTD (0000886986) (Subject)
SC 13G/A - TECK RESOURCES LTD (0000886986) (Subject)
SC 13G/A - TECK RESOURCES LTD (0000886986) (Subject)
SC 13G - TECK RESOURCES LTD (0000886986) (Subject)
SC 13G/A - TECK RESOURCES LTD (0000886986) (Subject)
CALGARY, AB and VANCOUVER, BC, May 4, 2023 /PRNewswire/ - Canadian Pacific Kansas City Limited (TSX:CP) (NYSE:CP) ("CPKC") and Teck Resources Limited (TSX:TECK) (TSX:TECK) (NYSE:TECK) ("Teck") announced today that CPKC and Teck Coal Limited have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck's four operations in southeastern B.C. The agreement builds on existing services in place and runs until the end of 2026. In support of building green transportation corridors and as a shared commitment to sustainability, CPKC and Teck intend to collaboratively develop a unique pilot program that integrates the use of CPKC's hydrogen locomotives into Teck's s
VANCOUVER, BC and TORONTO, April 6, 2023 /PRNewswire/ - Agnico Eagle Mines Limited (TSX:AEM) (NYSE:AEM) ("Agnico Eagle") and Teck Resources Limited (TSX:TECK) (TSX:TECK) (NYSE:TECK) ("Teck") announced today that the previously announced joint venture transaction between Teck and Agnico Eagle to advance the San Nicolás copper-zinc development project has closed. Teck and Agnico Eagle have entered into a joint venture shareholders agreement whereby Agnico Eagle, through a wholly-owned Mexican subsidiary, has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I. de C.V. ("MSN") for US$580 million, to be contributed as study and development costs are incurred by MSN. For gover
VANCOUVER, BC and TORONTO, Sept. 16, 2022 /PRNewswire/ - Agnico Eagle Mines Limited (TSX:AEM) (NYSE:AEM) ("Agnico Eagle") and Teck Resources Limited (TSX:TECK) (TSX:TECK) (NYSE:TECK) ("Teck") announced today that Agnico Eagle has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I. de C.V. ("MSN"), a wholly-owned Teck subsidiary which owns the San Nicolás copper-zinc development project located in Zacatecas, Mexico (the "Transaction"). As a result of the Transaction, Teck and Agnico Eagle will become 50/50 joint venture partners at San Nicolás. "San Nicolás is a high-quality project, located in a leading mining jurisdiction, with high grades, extremely competitive capita
VANCOUVER, British Columbia, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that it will pay an eligible dividend of $0.05 per share on its outstanding Class A common shares and Class B subordinate voting shares on March 31, 2021, to shareholders of record at the close of business on March 15, 2021. About TeckTeck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, zinc and steelmaking coal, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols
USA News Group Commentary Issued on behalf of Yukon Metals Corp. VANCOUVER, BC, June 14, 2024 /PRNewswire/ -- With prices soaring for copper amid supply cuts and higher demand from energy transition and artificial intelligence (AI) projects, many industry experts are asking whether or not the red metal is entering a new supercycle of prolonged high demand and rising prices. According to analysts at Sprott, copper's new supercycle is already emerging, as protectionist moves by countries looking to secure vital materials are only stoking the flame. Long viewed as a barometer for economic activity, the market witnessed record highs in copper prices last month, signalling the urgency of develop
USA News Group Commentary VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK) (TSX:TECK) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium So
VANCOUVER, BC / ACCESSWIRE / February 27, 2024 / ZincX Resources Corp. "ZincX" or the "Company", (TSX Venture Exchange:ZNX),(FRA:A2JLRM) is pleased to announce the Company will participate in the upcoming PDAC 2024 Mining and Investment Conference to be held at the Metro Toronto Convention Centre (MTCC) from March 3-6, 2024.PDAC 2024The PDAC is the world's premier mineral exploration and mining convention which is held annually in Toronto, Canada. It is anticipated that this year's event will host more than 1,100 exhibitors, 2,500 investors and 30,000 attendees from more than 130 countries. There are numerous technical sessions, short courses and networking opportunities for junior explorers
TRAIL, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX:TECK, NYSE:TECK) ("Teck") today announced the Carbon Capture Pilot Plant at its Trail Operations in southern British Columbia is now operating and successfully capturing carbon dioxide (CO2). "This is an important milestone as we advance our understanding of the potential of carbon capture technology to reduce emissions at our operations," said Jonathan Price, President & CEO. "This project is part of Teck's ongoing work to take action on climate change and achieve our long-term goal of net-zero operations by 2050." The Carbon Capture Pilot Plant separates CO2 from the Acid Plant flue gas at Trail Oper
VANCOUVER, BC / ACCESSWIRE / December 14, 2023 / ZincX Resources Corp. ("ZincX" or the "Company"), (TSX Venture Exchange:ZNX)(FRA:A2JLRM ) announces the details of the voting results from its Annual General Meeting, held on December 7, 2023 in Vancouver, BC.By resolution passed via ballot, the five nominees referenced below were appointed as Directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:Name of Nominee Votes For Percent Votes Withheld Percent Peeyush Varshney 66,279,769 99.68% 212,251 0.32% Marco Strub 66,482,019 99.98% 10,001 0.02% Praveen Varshney
TRAIL, British Columbia, July 12, 2023 (GLOBE NEWSWIRE) -- Teck Trail Operations has announced that it has received $10 million in funding support from the Government of B.C.'s CleanBC Industry Fund to progress the advancement of its Carbon Capture Utilization and Storage (CCUS) pilot project. The Carbon Capture pilot plant construction activity is currently underway, and the CleanBC funding will advance the assessment of viable options for carbon utilization and/or sequestration of the captured carbon dioxide (CO2) from Trail Operations. "Teck is continually evaluating opportunities to reduce our carbon footprint while supplying the critical resources required for a low-carbon future,"
VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX:TECK, NYSE:TECK) ("Teck") today announced a $2.5 million contribution to help build a new wildlife overpass in the East Kootenay. The B.C. Ministry of Transportation and Infrastructure overpass project located south of Radium Hot Springs will reduce vehicle strikes with bighorn sheep, making that stretch of Highway 93/95 safer for residents and other highway users while protecting the iconic bighorn sheep herd. "This project is critical to maintaining wildlife habitat connectivity, while protecting people and bighorn sheep in the East Kootenay," said Jonathan Price, CEO, Teck. "Teck's $2.5 million c
Series A Raise co-led by RCF Jolimont Innovation and Beedie Capital, with participation from Tiny. VRIFY is fueling investment in the $2 trillion critical minerals and mining sector with communications platform providing investors with key information about mining projects. VRIFY saw 120% year over year growth in recurring revenue as of April, and plans to use proceeds to develop new platform features and expand its team, with a focus on AI-led innovation. Company serves more than 130 customers across 70 countries, including junior mineral exploration companies Southern Cross and Los Andes Copper, as well as major mining companies Teck and Kinross VANCOUVER, British Columbia , May 30, 2023 /
VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- Vancouver Coastal Health (VCH), Teck Resources Limited ("Teck") and VGH & UBC Hospital Foundation are partnering to study how antimicrobial copper can be used to prevent infections and improve health outcomes in three long-term care homes across the VCH region. Funded by Teck, it will be the first study of its size in Canada. Teck has provided $750,000 in funding through its Copper & Health program for the research study that includes the installation of more than 600 antimicrobial copper products on high-touch surfaces including door handles, cabinet pulls, faucet handles, flush levers, fridge handles and grab bars in shared s
VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- A collaborative cross-Canadian partnership between infection control researchers, transit authorities and private industry has demonstrated the effectiveness of antimicrobial copper to reduce the spread of bacteria and viruses in public spaces. The results of a successfully completed, one-year study, led by the medical microbiology research team at Vancouver Coastal Health and hosted by TransLink and Toronto Transit Commission, found that select copper products on public transit can eliminate up to 99.9% of bacteria. This groundbreaking study was the first of its kind in North America and was fully funded by Teck as part of its
VANCOUVER, BC / ACCESSWIRE / December 14, 2023 / ZincX Resources Corp. ("ZincX" or the "Company"), (TSX Venture Exchange:ZNX)(FRA:A2JLRM ) announces the details of the voting results from its Annual General Meeting, held on December 7, 2023 in Vancouver, BC.By resolution passed via ballot, the five nominees referenced below were appointed as Directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:Name of Nominee Votes For Percent Votes Withheld Percent Peeyush Varshney 66,279,769 99.68% 212,251 0.32% Marco Strub 66,482,019 99.98% 10,001 0.02% Praveen Varshney
UBS downgraded Teck Resources from Buy to Neutral
Deutsche Bank downgraded Teck Resources from Buy to Hold and set a new price target of $50.00
UBS upgraded Teck Resources from Neutral to Buy
BMO Capital Markets resumed coverage of Teck Resources with a rating of Outperform
UBS initiated coverage of Teck Resources with a rating of Buy
Wolfe Research upgraded Teck Resources from Peer Perform to Outperform
JP Morgan initiated coverage of Teck Resources with a rating of Overweight and set a new price target of $52.00
National Bank Financial upgraded Teck Resources from Sector Perform to Outperform
Wolfe Research downgraded Teck Resources from Outperform to Peer Perform
National Bank Financial downgraded Teck Resources from Outperform to Sector Perform