Thursday's ETF Movers: COPX, VNQ
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2025
0mins
Should l Buy TECK?
Source: NASDAQ.COM
Vanguard Real Estate ETF Performance: The Vanguard Real Estate ETF is underperforming, down approximately 1.3% in Thursday afternoon trading, with significant declines in shares of Equinix (down 8%) and Office Properties Income Trust (down 3.8%).
Author's Opinion Disclaimer: The views expressed in the article are solely those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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Analyst Views on TECK
Wall Street analysts forecast TECK stock price to fall
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 59.360
Low
39.62
Averages
45.92
High
51.87
Current: 59.360
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.
Teck Resources Reports Strong Q4 2025 Results Driven by Higher Copper Prices
- Strong Financial Performance: Teck Resources reported an adjusted EBITDA of CAD 1.5 billion for Q4 2025, which is CAD 678 million higher than the same period last year, primarily driven by significantly higher copper prices, indicating enhanced profitability in a high copper price environment.
- Merger Progress: The proposed merger with Anglo American received overwhelming shareholder support on December 9, 2025, and regulatory approval from the Canadian government on December 15, 2025, expected to generate approximately USD 800 million in annual pre-tax synergies, enhancing the company's competitive position in the global copper market.
- Production Capacity Improvement: Copper production at the Quebrada Blanca mine reached 55,400 tonnes in Q4 2025, an increase of 15,800 tonnes compared to Q3, reflecting effective tailings management facility development and improved operational stability, supporting future growth.
- Safety and Sustainability Leadership: Teck's high-potential incident frequency rate improved to 0.06, a 50% reduction from last year, while the company was recognized as one of Canada's Top 100 Employers for the ninth consecutive year, highlighting its leadership in employee management and sustainability efforts.
See More
Teck Resources Releases 2026 Performance Guidance
- Financial Performance: Teck Resources reported a Q4 2025 non-GAAP EPS of C$1.37 with revenues of C$3.06 billion, reflecting a 9.7% year-over-year growth, indicating robust growth and improved profitability in the mining sector.
- Adjusted EBITDA: The adjusted EBITDA for Q4 reached C$1.5 billion, showcasing the company's success in cost control and operational efficiency, which further solidifies its competitive position in the global mining market.
- Production Guidance: For 2026, Teck's copper production guidance is set between 455,000 and 530,000 tonnes, while zinc production is projected at 410,000 to 460,000 tonnes, demonstrating a positive outlook on future market demand and providing investors with a clear growth trajectory.
- Sales and Cost Outlook: The sales guidance for Q1 2026 indicates zinc concentrate sales of 40,000 to 50,000 tonnes, with unit cost guidance showing copper net cash unit costs at US$11.85 to US$12.20 per pound and zinc at US$10.65 to US$11.75 per pound, reflecting the company's ongoing efforts in cost management.
See More
Teck Resources Declares Dividend of $0.125 per Share
- Dividend Declaration: Teck Resources Limited's Board of Directors has declared a dividend of $0.125 per share on its Class A common shares and Class B subordinate voting shares, to be paid on March 31, 2026, reflecting the company's commitment to shareholder returns.
- Record Date: The record date for shareholders to qualify for this dividend is March 13, 2026, ensuring that investors holding shares by this date will receive the payout, which enhances investor confidence in the company.
- Company Overview: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, with world-class copper and zinc operations across North and South America, showcasing a strong market position.
- Growth Strategy: Teck is focused on creating value through responsible growth and building resilience based on stakeholder trust, with an industry-leading copper growth pipeline indicating significant potential for sustainable development in the future.
See More
Teck Resources to Present at BMO Conference
- Presentation Schedule: Teck Resources' CEO Jonathan Price will present at the BMO Global Metals, Mining & Critical Minerals conference on February 23, 2026, at 1:30 p.m. Eastern, sharing insights on company strategy and financial performance, which is expected to enhance investor confidence in the company's future.
- Webcast Information: The investor presentation will be webcast, allowing broad participation through the provided link, thereby enhancing transparency and strengthening the trust relationship between the company and its investors.
- Company Background: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, boasting world-class copper and zinc operations that demonstrate strong market competitiveness.
- Growth Strategy: Teck is committed to creating value by advancing responsible growth and ensuring resilience built on stakeholder trust, showcasing its leadership position and commitment to sustainable development in the global resource industry.
See More
Silver Prices Decline Amid Demand Shifts and Market Volatility
- Market Volatility Impact: Silver spot prices fell 2% to around $74.85 per ounce as investors awaited delayed economic data, reflecting uncertainty in future demand that could lead to decreased investor confidence.
- Futures Price Decline: Silver futures dropped 4% to $74.7 per ounce, indicating a pessimistic outlook for short-term price recovery, which may affect the profitability of related mining companies.
- Mining Company Stock Fluctuations: Hecla Mining's stock fell 3% before market open, while Endeavour Silver and First Majestic Silver dropped 3.5% and nearly 4%, respectively, suggesting a cautious market sentiment regarding the future performance of silver mining firms, potentially impacting their financing and investment decisions.
- Global Economic Implications: Despite escalating geopolitical tensions in the Middle East, Deutsche Bank analysts noted that silver is trading $7 below its real adjusted price, indicating that current prices may not reflect intrinsic value, prompting long-term investors to reassess their investment strategies.
See More
BHP Signs $4.3 Billion Silver Streaming Agreement
- Record Transaction Size: BHP's $4.3 billion silver streaming agreement with Wheaton Precious Metals marks the most valuable precious metals streaming transaction to date, showcasing the company's strong influence in the silver market.
- Optimized Revenue Structure: Under the agreement, Wheaton will pay an upfront consideration of $4.3 billion and ongoing payments equal to 20% of the spot silver price for each ounce delivered, allowing BHP to effectively monetize silver byproduct from the Antamina mine while retaining rights to its core copper, zinc, and lead production.
- Rising Demand for Strategic Metal: Silver's importance has surged due to strong demand from solar panels, electronics, and electrification technologies, while mine supply has struggled to keep pace, leading to multiple years of production deficits and unprecedented price volatility.
- Future Outlook: The transaction is set to take effect on April 1, 2026, pending regulatory approvals, and is expected to further enhance BHP's competitive position in the global mining market.
See More
Teck Resources Reports Strong Q4 2025 Results Driven by Higher Copper Prices
- Strong Financial Performance: Teck Resources reported an adjusted EBITDA of CAD 1.5 billion for Q4 2025, which is CAD 678 million higher than the same period last year, primarily driven by significantly higher copper prices, indicating enhanced profitability in a high copper price environment.
- Merger Progress: The proposed merger with Anglo American received overwhelming shareholder support on December 9, 2025, and regulatory approval from the Canadian government on December 15, 2025, expected to generate approximately USD 800 million in annual pre-tax synergies, enhancing the company's competitive position in the global copper market.
- Production Capacity Improvement: Copper production at the Quebrada Blanca mine reached 55,400 tonnes in Q4 2025, an increase of 15,800 tonnes compared to Q3, reflecting effective tailings management facility development and improved operational stability, supporting future growth.
- Safety and Sustainability Leadership: Teck's high-potential incident frequency rate improved to 0.06, a 50% reduction from last year, while the company was recognized as one of Canada's Top 100 Employers for the ninth consecutive year, highlighting its leadership in employee management and sustainability efforts.
See More
Teck Resources Releases 2026 Performance Guidance
- Financial Performance: Teck Resources reported a Q4 2025 non-GAAP EPS of C$1.37 with revenues of C$3.06 billion, reflecting a 9.7% year-over-year growth, indicating robust growth and improved profitability in the mining sector.
- Adjusted EBITDA: The adjusted EBITDA for Q4 reached C$1.5 billion, showcasing the company's success in cost control and operational efficiency, which further solidifies its competitive position in the global mining market.
- Production Guidance: For 2026, Teck's copper production guidance is set between 455,000 and 530,000 tonnes, while zinc production is projected at 410,000 to 460,000 tonnes, demonstrating a positive outlook on future market demand and providing investors with a clear growth trajectory.
- Sales and Cost Outlook: The sales guidance for Q1 2026 indicates zinc concentrate sales of 40,000 to 50,000 tonnes, with unit cost guidance showing copper net cash unit costs at US$11.85 to US$12.20 per pound and zinc at US$10.65 to US$11.75 per pound, reflecting the company's ongoing efforts in cost management.
See More
Teck Resources Declares Dividend of $0.125 per Share
- Dividend Declaration: Teck Resources Limited's Board of Directors has declared a dividend of $0.125 per share on its Class A common shares and Class B subordinate voting shares, to be paid on March 31, 2026, reflecting the company's commitment to shareholder returns.
- Record Date: The record date for shareholders to qualify for this dividend is March 13, 2026, ensuring that investors holding shares by this date will receive the payout, which enhances investor confidence in the company.
- Company Overview: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, with world-class copper and zinc operations across North and South America, showcasing a strong market position.
- Growth Strategy: Teck is focused on creating value through responsible growth and building resilience based on stakeholder trust, with an industry-leading copper growth pipeline indicating significant potential for sustainable development in the future.
See More
Teck Resources to Present at BMO Conference
- Presentation Schedule: Teck Resources' CEO Jonathan Price will present at the BMO Global Metals, Mining & Critical Minerals conference on February 23, 2026, at 1:30 p.m. Eastern, sharing insights on company strategy and financial performance, which is expected to enhance investor confidence in the company's future.
- Webcast Information: The investor presentation will be webcast, allowing broad participation through the provided link, thereby enhancing transparency and strengthening the trust relationship between the company and its investors.
- Company Background: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, boasting world-class copper and zinc operations that demonstrate strong market competitiveness.
- Growth Strategy: Teck is committed to creating value by advancing responsible growth and ensuring resilience built on stakeholder trust, showcasing its leadership position and commitment to sustainable development in the global resource industry.
See More
Silver Prices Decline Amid Demand Shifts and Market Volatility
- Market Volatility Impact: Silver spot prices fell 2% to around $74.85 per ounce as investors awaited delayed economic data, reflecting uncertainty in future demand that could lead to decreased investor confidence.
- Futures Price Decline: Silver futures dropped 4% to $74.7 per ounce, indicating a pessimistic outlook for short-term price recovery, which may affect the profitability of related mining companies.
- Mining Company Stock Fluctuations: Hecla Mining's stock fell 3% before market open, while Endeavour Silver and First Majestic Silver dropped 3.5% and nearly 4%, respectively, suggesting a cautious market sentiment regarding the future performance of silver mining firms, potentially impacting their financing and investment decisions.
- Global Economic Implications: Despite escalating geopolitical tensions in the Middle East, Deutsche Bank analysts noted that silver is trading $7 below its real adjusted price, indicating that current prices may not reflect intrinsic value, prompting long-term investors to reassess their investment strategies.
See More
BHP Signs $4.3 Billion Silver Streaming Agreement
- Record Transaction Size: BHP's $4.3 billion silver streaming agreement with Wheaton Precious Metals marks the most valuable precious metals streaming transaction to date, showcasing the company's strong influence in the silver market.
- Optimized Revenue Structure: Under the agreement, Wheaton will pay an upfront consideration of $4.3 billion and ongoing payments equal to 20% of the spot silver price for each ounce delivered, allowing BHP to effectively monetize silver byproduct from the Antamina mine while retaining rights to its core copper, zinc, and lead production.
- Rising Demand for Strategic Metal: Silver's importance has surged due to strong demand from solar panels, electronics, and electrification technologies, while mine supply has struggled to keep pace, leading to multiple years of production deficits and unprecedented price volatility.
- Future Outlook: The transaction is set to take effect on April 1, 2026, pending regulatory approvals, and is expected to further enhance BHP's competitive position in the global mining market.
See More
