Teck Resources faces decline amid copper market optimism
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 25 2025
0mins
Should l Buy TECK?
Source: TipRanks
Teck Resources Ltd's stock fell by 5.06% as it crossed below the 5-day SMA, reflecting a challenging trading environment.
Despite the positive outlook for copper driven by increased demand from electric vehicles and renewable energy, Teck's decline is attributed to sector rotation as the broader market, including the Nasdaq-100 and S&P 500, experienced losses of 0.52% and 0.24%, respectively.
The long-term bullish sentiment on copper, fueled by investor confidence and structural supply challenges, suggests that while Teck faces short-term pressures, the overall copper market may present significant opportunities for recovery in the future.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TECK?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TECK
Wall Street analysts forecast TECK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TECK is 45.92 USD with a low forecast of 39.62 USD and a high forecast of 51.87 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 53.480
Low
39.62
Averages
45.92
High
51.87
Current: 53.480
Low
39.62
Averages
45.92
High
51.87
About TECK
Teck Resources Limited is a resource company that operates a portfolio of copper and zinc operations across North and South America. The Company’s projects include the Highland Valley Copper (HVC) Mine Life Extension Project, Galore Creek Project, Zafranal Project, and NuevaUnion. The HVC Mine Life Extension is located at the HVC site, approximately 17 kilometers (km) west of Logan Lake and 75 kilometers southwest of Kamloops. The Galore Creek Project is situated in Tahltan Territory in northwestern British Columbia, around 370 km northwest of Smithers. The Zafranal Copper Project lies in the Arequipa Region of southern Peru, within the prolific porphyry copper belt. The NuevaUnion Project is a undeveloped copper-gold-molybdenum mining venture in the Americas, located in Chile’s Atacama Region; its two deposits are about 40 km apart. Its Red Dog Operations is a zinc mine located approximately 170 km (105 miles) north of the Arctic Circle in northwest Alaska, near Kotzebue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US, EU, and Japan Unite to Counter China's Mineral Dominance
- Global Mineral Cooperation Agreement: The US and EU committed to a deal within 30 days to identify cooperation areas, stimulate demand, and diversify critical mineral supply, aiming to prevent supply chain disruptions and promote research and innovation, reflecting the strategic collaboration of three major economies in global mineral supply chains.
- Current Control of Critical Minerals: China controls 60% to 90% of the global critical mineral processing market, particularly in missile defense and energy infrastructure, which creates vulnerabilities for the US and its allies, compelling them to take action to ensure supply security.
- US Policy Shift: President Trump launched the $12 billion Project Vault to stockpile critical minerals, while Congress passed the Critical Mineral Dominance Act, marking a significant step in breaking China's control over mineral supply chains and expected to boost domestic mining and refining sectors.
- Surge in Copper Demand: Copper demand is projected to rise by 50% to 42 million metric tons by 2040, while supply is expected to decline by 7%, leading to a 10 million ton shortfall, particularly driven by emerging technologies like AI and electric vehicles, intensifying the demand for copper.
See More
Anglo American and Teck Merger Outlook Positive
- Merger Potential: Citi analysts upgraded Anglo American's rating from Neutral to Buy, raising the price target from £33 to £45, believing that the merger with Teck to form AngloTeck will create a top-tier copper producer, with the market underestimating its 80% copper earnings exposure.
- EBITDA Growth Expectations: Analysts anticipate that operational normalization at key assets could add $1.2 billion in EBITDA, while organic growth from the Collahuasi and Quellaveco copper assets could contribute an additional $1.4 billion in EBITDA over the next 5-7 years, significantly enhancing the company's profitability.
- Strategic Synergies: The Los Bronces-Andina copper joint venture is expected to unlock over $5 billion in value through synergies and capital deferral, significantly boosting Anglo American's net present value, while the Minas Rio iron ore joint venture has the potential to double production capacity and reduce unit costs, generating an estimated $4 billion NPV.
- Positive Market Reaction: Citi also upgraded Teck's rating to Buy with a price target of C$104, anticipating that the merger will proceed on current terms, further solidifying Anglo American's leading position among global diversified miners.
See More
Goldman Sachs Upgrades Futu Holdings to Buy Amid Positive Market Outlook
- Rating Upgrade: Goldman Sachs upgrades Futu Holdings from Neutral to Buy with a target price of $213.39, implying a 29% upside, reflecting a positive outlook on the Chinese wealth management market and a reassessment of Futu's new client growth.
- Market Outlook: Bank of America reiterates its Buy rating on Nvidia with a target price of $275, based on a 28x CY27E PE, indicating Nvidia's leading position in the fast-growing AI compute and networking markets, despite concerns over global AI project volatility and cyclical gaming market issues.
- M&A Potential: Citi upgrades Teck Resources to Buy, highlighting the transformative merger with Anglo American that will create a top-tier copper producer with 80% earnings exposure to copper, showcasing strategic industry consolidation.
- Stock Performance: BTIG upgrades McDonald's to Buy, noting that changes in value and promotions strategy are consistently driving traffic growth, indicating the company's adaptability and growth potential in the competitive fast-food market.
See More
S&P 500 Futures Decline in Pre-Market Trading; BitMine and Immersion Technologies Underperform
- Market Opening: U.S. stock markets are set to open in two hours.
- Unity Software Inc. Performance: Unity Software Inc. (U) saw a 6.6% increase in pre-market trading.
- Energy Fuels Inc. Performance: Energy Fuels Inc. (UUUU) experienced a 5.2% rise in pre-market trading.
- Overall Market Sentiment: The pre-market gains indicate a positive sentiment ahead of the market opening.
See More
Copper Demand Surge: Investors Bullish on Future
- Surge in Demand: The demand for copper is being driven by electric vehicles, AI data centers, grid upgrades, and renewables, with a projected need to mine as much copper in the next 18 years as in the last 10,000 years, reaching 30 million tonnes annually, indicating a structural bull case for the copper market.
- Investor Confidence: Billionaire investors like Stanley Druckenmiller and Chamath Palihapitiya assert that copper shortages are inevitable, with electrification expected to cause prices to go 'parabolic', prompting investors to position themselves through mining companies and ETFs.
- Supply Challenges: New mines require 10 to 20 years to permit and build, while ore grades are declining and capital expenditures have lagged over the past decade, creating a severe supply-demand imbalance that cannot keep pace with rising demand.
- Structural Pricing: The consensus among Druckenmiller, Palihapitiya, and Friedland indicates that the copper market is not merely a cyclical trade but is facing a structural repricing trend, urging investors to focus on long-term investment opportunities.
See More
S&P 500 Futures Decline in Pre-Market Trading; Intel and Installed Building Products Underperform
Market Opening: U.S. stock markets are set to open in two hours.
Regencell Bioscience Holdings Ltd.: The stock was up 11.0% in pre-market trading.
SLM Corp.: The stock experienced a rise of 7.9% in pre-market trading.
See More
US, EU, and Japan Unite to Counter China's Mineral Dominance
- Global Mineral Cooperation Agreement: The US and EU committed to a deal within 30 days to identify cooperation areas, stimulate demand, and diversify critical mineral supply, aiming to prevent supply chain disruptions and promote research and innovation, reflecting the strategic collaboration of three major economies in global mineral supply chains.
- Current Control of Critical Minerals: China controls 60% to 90% of the global critical mineral processing market, particularly in missile defense and energy infrastructure, which creates vulnerabilities for the US and its allies, compelling them to take action to ensure supply security.
- US Policy Shift: President Trump launched the $12 billion Project Vault to stockpile critical minerals, while Congress passed the Critical Mineral Dominance Act, marking a significant step in breaking China's control over mineral supply chains and expected to boost domestic mining and refining sectors.
- Surge in Copper Demand: Copper demand is projected to rise by 50% to 42 million metric tons by 2040, while supply is expected to decline by 7%, leading to a 10 million ton shortfall, particularly driven by emerging technologies like AI and electric vehicles, intensifying the demand for copper.
See More
Anglo American and Teck Merger Outlook Positive
- Merger Potential: Citi analysts upgraded Anglo American's rating from Neutral to Buy, raising the price target from £33 to £45, believing that the merger with Teck to form AngloTeck will create a top-tier copper producer, with the market underestimating its 80% copper earnings exposure.
- EBITDA Growth Expectations: Analysts anticipate that operational normalization at key assets could add $1.2 billion in EBITDA, while organic growth from the Collahuasi and Quellaveco copper assets could contribute an additional $1.4 billion in EBITDA over the next 5-7 years, significantly enhancing the company's profitability.
- Strategic Synergies: The Los Bronces-Andina copper joint venture is expected to unlock over $5 billion in value through synergies and capital deferral, significantly boosting Anglo American's net present value, while the Minas Rio iron ore joint venture has the potential to double production capacity and reduce unit costs, generating an estimated $4 billion NPV.
- Positive Market Reaction: Citi also upgraded Teck's rating to Buy with a price target of C$104, anticipating that the merger will proceed on current terms, further solidifying Anglo American's leading position among global diversified miners.
See More
Goldman Sachs Upgrades Futu Holdings to Buy Amid Positive Market Outlook
- Rating Upgrade: Goldman Sachs upgrades Futu Holdings from Neutral to Buy with a target price of $213.39, implying a 29% upside, reflecting a positive outlook on the Chinese wealth management market and a reassessment of Futu's new client growth.
- Market Outlook: Bank of America reiterates its Buy rating on Nvidia with a target price of $275, based on a 28x CY27E PE, indicating Nvidia's leading position in the fast-growing AI compute and networking markets, despite concerns over global AI project volatility and cyclical gaming market issues.
- M&A Potential: Citi upgrades Teck Resources to Buy, highlighting the transformative merger with Anglo American that will create a top-tier copper producer with 80% earnings exposure to copper, showcasing strategic industry consolidation.
- Stock Performance: BTIG upgrades McDonald's to Buy, noting that changes in value and promotions strategy are consistently driving traffic growth, indicating the company's adaptability and growth potential in the competitive fast-food market.
See More
S&P 500 Futures Decline in Pre-Market Trading; BitMine and Immersion Technologies Underperform
- Market Opening: U.S. stock markets are set to open in two hours.
- Unity Software Inc. Performance: Unity Software Inc. (U) saw a 6.6% increase in pre-market trading.
- Energy Fuels Inc. Performance: Energy Fuels Inc. (UUUU) experienced a 5.2% rise in pre-market trading.
- Overall Market Sentiment: The pre-market gains indicate a positive sentiment ahead of the market opening.
See More
Copper Demand Surge: Investors Bullish on Future
- Surge in Demand: The demand for copper is being driven by electric vehicles, AI data centers, grid upgrades, and renewables, with a projected need to mine as much copper in the next 18 years as in the last 10,000 years, reaching 30 million tonnes annually, indicating a structural bull case for the copper market.
- Investor Confidence: Billionaire investors like Stanley Druckenmiller and Chamath Palihapitiya assert that copper shortages are inevitable, with electrification expected to cause prices to go 'parabolic', prompting investors to position themselves through mining companies and ETFs.
- Supply Challenges: New mines require 10 to 20 years to permit and build, while ore grades are declining and capital expenditures have lagged over the past decade, creating a severe supply-demand imbalance that cannot keep pace with rising demand.
- Structural Pricing: The consensus among Druckenmiller, Palihapitiya, and Friedland indicates that the copper market is not merely a cyclical trade but is facing a structural repricing trend, urging investors to focus on long-term investment opportunities.
See More
S&P 500 Futures Decline in Pre-Market Trading; Intel and Installed Building Products Underperform
Market Opening: U.S. stock markets are set to open in two hours.
Regencell Bioscience Holdings Ltd.: The stock was up 11.0% in pre-market trading.
SLM Corp.: The stock experienced a rise of 7.9% in pre-market trading.
See More
