TECK RESOURCES LIMITED
In the published model solve dated 2026-Q2, anchored at $66.08, TECK RESOURCES LIMITED (TECK) is priced for today's economics sustained for ~9.2 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Teck has remade itself into a copper-first miner, and the first quarter showed the payoff: copper segment gross profit before depreciation of $1.8 billion against $704 million a year earlier, on record copper sales and an average realized price near US$5.83 per pound [Source: Teck Q1 2026 earnings release, April 2026]. • The dominant fact overhanging the stock is corporate, not operational: shareholders of both companies approved a merger of equals with Anglo American in December 2025, at 1.33
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475 institutional managers reported holding TECK in 13F filings for the quarter ended 2026-03-31. Together they hold about 66% of the company; the top 10 hold 26%. 78 opened new positions that quarter. Held by Vanguard Group, UBS, Goldman Sachs, among others. On the short side, 8.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TECK has cut its share count 7.2% over the past five years. It pays a dividend, and has paid one every year in our records (10 and counting). Cash returned over the past three years: $937.50M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.