TECK Should I Buy
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Teck Resources Ltd (TECK) is not a strong buy for a beginner investor with a long-term strategy at this time. While the stock has potential for long-term growth due to its exposure to critical minerals and the upcoming earnings report, the current price trend, lack of strong trading signals, and mixed financial performance suggest holding off on immediate investment.
The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200), and the MACD is positive but contracting, indicating a weakening bullish momentum. RSI is neutral at 58.141, and the stock is trading near its pivot level of 56.91. Key resistance is at 59.768, and support is at 54.052. The short-term trend suggests a slight decline in the next day (-1.36%) and week (-0.56%), with a potential recovery in the next month (+4.4%).
Upcoming Q4 2025 earnings report on February 19, 2026, which could provide clarity on financial performance.
Agreement between the US, EU, and Japan to collaborate on critical mineral supply chains, which could benefit Teck Resources in the long term.
Analysts have raised price targets recently, with Citi upgrading the stock to Buy and setting a target of C$104.
Pre-market price drop of -2.60% and regular market decline of -1.31%, indicating short-term bearish sentiment.
Weak financial performance in Q3 2025, with net income and EPS showing significant YoY declines (-140.20% and -142.22%, respectively).
Mixed analyst ratings, with some downgrades and warnings of range-bound performance through 2026 due to the Anglo merger.
In Q3 2025, revenue increased by 18.44% YoY to $3.385 billion, and gross margin improved by 16.63% to 19.5. However, net income dropped by -140.20% YoY to $281 million, and EPS fell by -142.22% YoY to 0.57, reflecting significant profitability challenges.
Recent analyst ratings are mixed. Citi upgraded the stock to Buy with a price target of C$104, citing higher copper and iron ore prices. However, TD Securities downgraded it to Hold, citing range-bound performance through 2026. Other analysts have raised price targets but maintained Hold or Neutral ratings, reflecting cautious optimism.
