JPMorgan and Morgan Stanley Raise their PT on Teck Resources Limited (TECK)

Due to strong hedge fund interest, Teck Resources Limited (NYSE:TECK) is among the 11 Best Mineral Stocks to Buy According to Hedge Funds.

The analyst outlook remains mixed ahead of its Q2 earnings report that Teck Resources Limited (NYSE:TECK) is expected to release on July 24, 2025. For Q2 ended June 30, 2025, analysts expect a decline in the company’s EPS and revenue by roughly 63% and 43%, respectively.

Citing higher copper prices and improved recession risks, JPMorgan, on July 9, 2025, increased its price target on Teck Resources Limited (NYSE:TECK) from $41 to $44, maintaining an ‘Outperform’ rating.

Meanwhile, Morgan Stanley increased its price target on Teck Resources Limited (NYSE:TECK) from $42 to $44; however, it downgraded the company’s stock from ‘Overweight’ to ‘Equal Weight’ on July 15, 2025, citing the less compelling risk/reward dynamics in copper equities at the moment, following outperformance since April 2025.

Across Asia, the Americas, and Europe, Teck Resources Limited (NYSE:TECK) operates mineral properties, focusing on copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It is included in our list of the Best Material Stocks.

While we acknowledge the potential of TECK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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