Teck Resources Limited

NYSE:TECK Stock Report

Market Cap: US$29.3b

Teck Resources Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Jonathan Price

Chief executive officer

CA$11.5m

Total compensation

CEO salary percentage14.50%
CEO tenure3.8yrs
CEO ownershipn/a
Management average tenure3.5yrs
Board average tenure4.4yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 08

Teck Resources: Better Business, But The Stock Already Prices In A Lot

Summary Teck Resources delivered strong Q1 2026 results, with the copper segment driving profitability and improved cash flow conversion. Q1 copper gross profit surged to $1.4 billion, net cash unit costs declined, and Quebrada Blanca (QB) demonstrated greater operational stability. The Anglo Teck merger advances, promising over 70% copper exposure and $800 million in annual pre-tax synergies, but remains a future catalyst. Despite operational improvements, TECK's current share price exceeds modeled fair value. I rate the stock as a hold due to valuation concerns. Read the full article on Seeking Alpha
Seeking Alpha • Mar 16

Teck Resources Offers A Low-Tech Play On High-Tech Growth

Summary Teck Resources (TECK) is poised for significant copper production growth, driven by multiple expansion and greenfield projects, potentially reaching over 800kt by 2028. The sale of met coal operations refocuses Teck on base metals, better aligning the company with rising copper demand from electrification and decarbonization. Despite mixed Q4 results and modestly disappointing 2025 guidance, the long-term thesis remains strong with substantial production and profit growth expected. Teck's valuation appears attractive, with potential 20%+ upside, supported by high single-digit revenue growth, 40%+ EBITDA margins, and robust FCF margins in the coming years. Read the full article on Seeking Alpha
Seeking Alpha • Oct 21

Teck Resources: Why It's #1 On My Watchlist

Summary Teck Resources is transitioning to focus on renewable energy by selling its steelmaking coal unit, positioning itself to benefit from rising copper and zinc demand. The $7.3 billion from the coal unit sale will fund Teck's copper projects, crucial for renewable energy applications like solar panels, wind turbines, and EVs. Despite the promising shift, Teck faces challenges like managing new investment costs, commodity price fluctuations, and navigating regulatory changes in the renewable energy sector. Currently, Teck is fairly priced with a P/E ratio of 18.81, but short- to midterm challenges make it a watchlist candidate rather than an immediate buy. Read the full article on Seeking Alpha
Seeking Alpha • Oct 03

Teck: Waiting For A Pullback Before Buying

Summary Teck’s Quebrada Blanca mine is in the midst of ramping production. Quebrada Blanca and other expansion projects will substantially increase Teck’s copper production in the coming years. The company used to be more broadly diversified, but in recent years has narrowed its focus. Read the full article on Seeking Alpha
Seeking Alpha • Sep 25

Teck Resources: An Attractive Copper Play For Another Day

Summary Teck Resources Limited, listed on TSX and NYSE, will be a key player in the ongoing energy transition, with a more focussed pool of base metal assets, particularly copper. QB2 came online in March and has played a key role in driving production volumes up by 71%, even as the pricing environment for copper looks attractive. The stake sale of the met coal business could see Teck's leverage come down, even as it ramps up its share buyback war chest by 5.5x. Teck is priced at an elevated forward EV/EBITDA multiple of 9x, yet the EBITDA outlook over the next two years looks quite underwhelming. The risk-reward on the charts does not look favorable for a long position. Read the full article on Seeking Alpha
Seeking Alpha • May 02

Teck Resources: We Still See Potential For Further Gains

Summary Teck Resources has had a spectacular run since we initiated our "Strong Buy". In just three months, TECK has achieved a total return of 23.2%. Our base case scenario sees copper prices matching previous bull markets. This translates into potentially another 40% gain for copper prices to US$6.50/pound. TECK is also among the world's most attractive pure-play copper producers and would be a decent acquisition target. Given the upside potential for copper prices, we think TECK's Forward P/E multiple of 19.3x is undemanding. We reiterate our "Strong Buy" rating on TECK. Read the full article on Seeking Alpha
Seeking Alpha • Apr 25

Teck Resources: Solid Q1 With Copper Expansion Progressing

Summary Teck Resources Limited shares rallied 9% after reporting mixed quarterly results but positive data from its growth projects. Teck is selling its coal unit to become a pure-play metals company, with the remaining 77% stake set to be sold to Glencore for US$6.9 billion. The primary driver of Teck's business going forward is copper, with the Quebrada Blanca growth project expected to generate significant EBITDA once scaled up. Teck Resources is looking at acquiring Anglo American plc, and while I do not expect to sell, this speaks to enthusiasm around copper prospects. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

Teck Resources: Our Top Pick To Ride The Copper Boom

Summary Copper has been one of our favourite themes since October 2022 when we initiated our bullish view on the commodity and the Global X Copper Miners ETF. But there are even better opportunities to further enhance alpha and to capitalize on our bullish copper view fully. Teck Resources currently presents one of the most compelling investment opportunities in our view. TECK is our favourite pick mainly due to three factors: a copper demand-supply gap, compelling valuations, and share buybacks. Overall, we view TECK's strategic overhaul as greatly beneficial for shareholders while the stock remains underappreciated and undervalued. We initiate our coverage of Teck Resources with a "Strong Buy" rating. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Jonathan Price's remuneration changed compared to Teck Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

CA$2b

Dec 31 2025CA$12mCA$2m

CA$1b

Sep 30 2025n/an/a

CA$1b

Jun 30 2025n/an/a

CA$208m

Mar 31 2025n/an/a

-CA$109m

Dec 31 2024CA$11mCA$2m

-CA$800m

Sep 30 2024n/an/a

-CA$1b

Jun 30 2024n/an/a

-CA$687m

Mar 31 2024n/an/a

-CA$2b

Dec 31 2023CA$10mCA$1m

-CA$211m

Sep 30 2023n/an/a

CA$232m

Jun 30 2023n/an/a

CA$1b

Mar 31 2023n/an/a

CA$4b

Dec 31 2022CA$6mCA$937k

CA$4b

Sep 30 2022n/an/a

CA$6b

Jun 30 2022n/an/a

CA$6b

Mar 31 2022n/an/a

CA$4b

Dec 31 2021CA$3mCA$747k

CA$3b

Sep 30 2021n/an/a

CA$917m

Jun 30 2021n/an/a

CA$162m

Mar 31 2021n/an/a

-CA$247m

Dec 31 2020CA$3mCA$181k

-CA$864m

Compensation vs Market: Jonathan's total compensation ($USD8.15M) is below average for companies of similar size in the US market ($USD14.60M).

Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.

CEO

Jonathan Price (49 yo)

3.8yrs
Tenure
CA$11,538,757
Compensation

Mr. Jonathan H. Price, MEng (Hons), MBA, is Chief Executive Officer of Teck Resources Limited since September 30, 2022 and serves as its Director since July 2022 and serves as its President since November...

Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Price
President3.8yrsCA$11.54mno data
Crystal Prystai
Executive VP & CFO4yrsCA$3.69mno data
Lyndon Arnall
Executive VP1.7yrsCA$3.20mno data
Nicholas Peter Hooper
Executive VP & Chief Corporate Development Officer5.8yrsCA$3.53mno data
Dean Winsor
Executive VP & Chief People Officer13.7yrsno data0.00025%
$ 73.3k
Michael Han
Chief Economistno datano datano data
C. Hanman
Executive VP & Chief Strategy Officer1.8yrsno datano data
Karla Mills
Executive VP & Chief Project Development Officer2.8yrsno datano data
Ian Anderson
Executive VP & Chief Commercial Officer3.2yrsno data0.000050%
$ 14.7k
Brock Gill
Senior Vice President of Operations - North Americaless than a yearno datano data
Dale Webb
Senior Vice President of Operations - Latin Americano datano datano data
Amanda Robinson
Vice President of Legal & Corporate Secretary8.4yrsno datano data
3.5yrs
Average Tenure

Experienced Management: TECK's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jonathan Price
President4yrsCA$11.54mno data
Timothy Snider
Independent Director11.3yrsCA$328.83k0.0027%
$ 788.3k
James Gowans
Independent Director2.2yrsCA$304.78k0.0017%
$ 489.4k
Norman Keevil
Chairman Emeritus7.8yrsCA$825.44k0.066%
$ 19.3m
Una Power
Independent Director9.3yrsCA$324.89k0.0023%
$ 685.7k
Catherine McLeod-Seltzer
Independent Director1.3yrsCA$105.39k0.00082%
$ 240.3k
Norman Keevil
Vice Chairman29.3yrsCA$344.94k0.0039%
$ 1.1m
Sheila Murray
Independent Chair of the Board8.3yrsCA$553.85k0.0020%
$ 597.8k
Sarah Strunk
Independent Director4.4yrsCA$312.29k0.0016%
$ 477.7k
Arnoud Balhuizen
Independent Director3.3yrsCA$333.35k0.00051%
$ 149.5k
Paul Schiodtz
Independent Director4.4yrsCA$332.93k0.0033%
$ 975.9k
Yu Yamato
Independent Director2.3yrsCA$294.75kno data
4.4yrs
Average Tenure
64yo
Average Age

Experienced Board: TECK's board of directors are considered experienced (4.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 10:25
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Teck Resources Limited is covered by 43 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Farooq HamedBarclays
Mark LevinBenchmark Company