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Teck Resources Gains Support for Merger with Anglo American

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Teck Resources Gains Support for Merger with Anglo American

TipRanks Black Friday Sale

An update from Teck Resources ( ($TSE:TECK.B) ) is now available.

On November 26, 2025, Teck Resources Limited announced that independent proxy advisory firms ISS and Glass Lewis have recommended shareholders vote in favor of a merger with Anglo American plc. The merger, described as a ‘merger of equals,’ is expected to create a financially stronger entity with increased scale and growth potential, positioning it as a global leader in critical minerals. The merger has received unanimous support from Teck’s Board of Directors and significant backing from key stakeholders, indicating a positive outlook for the company’s strategic direction.

The most recent analyst rating on ($TSE:TECK.B) stock is a Hold with a C$60.00 price target. To see the full list of analyst forecasts on Teck Resources stock, see the TSE:TECK.B Stock Forecast page.

Spark’s Take on TSE:TECK.B Stock

According to Spark, TipRanks’ AI Analyst, TSE:TECK.B is a Neutral.

Teck Resources’ overall score reflects financial challenges with declining revenue and profitability pressures, despite a stable balance sheet. Technical indicators show positive momentum, but the high P/E ratio suggests overvaluation. The earnings call provided positive insights, but operational challenges remain.

To see Spark’s full report on TSE:TECK.B stock, click here.

More about Teck Resources

Teck Resources Limited is a Canadian company operating in the mining industry, primarily focusing on the extraction and production of copper and other critical minerals. The company is known for its significant contributions to the global minerals market, with a strategic emphasis on expanding its portfolio of world-class copper and critical minerals assets.

Average Trading Volume: 1,579,647

Technical Sentiment Signal: Buy

Current Market Cap: C$29.1B

Learn more about TECK.B stock on TipRanks’ Stock Analysis page.

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