You’ve probably seen the ticker flashing on your screen—TECK—and wondered if you should have jumped in years ago. Honestly, if you still call it "Teck Cominco," you're showing your age in the best way possible. While the company officially rebranded to Teck Resources a while back, the legacy of that old-school mining giant still looms large over the teck cominco stock price.
Right now, as we navigate January 2026, the stock is sitting around $50.54 on the NYSE. It’s been a wild ride. Over the last 52 weeks, we’ve seen it swing from a low of $28.32 all the way up to $52.42. That’s a massive spread. If you’re holding Class B shares (TSX: TECK.B), you’re looking at a price tag hovering around **CA$70.35**.
Why the Teck Cominco Stock Price is Acting So Weird
Markets hate uncertainty, but they love copper. Teck is currently caught in the middle of both. The big news that everyone is talking about—but nobody seems to agree on—is the massive $53 billion merger with Anglo American. This isn't just another corporate handshake; it’s a total identity shift.
The deal basically turns Teck into a copper powerhouse. We’re talking about a company that will have over 70% exposure to copper once everything is said and done. But here’s the kicker: the Canadian government is putting the whole thing through a national security review.
The stock price is twitching every time a rumor leaks out of Ottawa.
The Quebrada Blanca Headache
If you want to understand the teck cominco stock price, you have to look at Chile. Specifically, the Quebrada Blanca (QB) mine. It was supposed to be the crown jewel, the project that justified everything.
Instead, it’s been a bit of a slog.
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- Production Cuts: Management recently had to slash their 2026 guidance. They were hoping for 280,000 tonnes; now they’re looking at maybe 200,000 to 235,000 tonnes.
- Tailings Trouble: The "tailings dam" is a term you’ll hear a lot. Essentially, they’re having trouble managing the waste rock and sand. It’s slowing everything down.
- Rising Costs: It’s getting more expensive to get the red metal out of the ground. Cash costs are expected to be between $2.25 and $2.70 per pound in 2026.
That’s why the stock took a hit recently. Raymond James even downgraded the stock to "Market Perform" just a few days ago, citing these exact supply challenges.
The Coal Divorce
For decades, Teck was the "coal and zinc" guy. Not anymore. The divestment of their steelmaking coal business was a clean break. It was necessary for their ESG (Environmental, Social, and Governance) scores, and honestly, it made the company much easier for Wall Street to value.
But coal was a cash cow.
Without that steady stream of "boring" money, the stock is now much more sensitive to the global price of copper. If China’s construction sector sneezes, Teck catches a cold. If the EV (Electric Vehicle) market in Europe booms, Teck flies. It’s a high-beta play now.
What the Numbers Actually Say
Let's get into the weeds for a second. The P/E ratio is sitting around 27.65x. To put that in perspective, the industry average is closer to 24x. Is it overvalued? Some analysts, like the folks at Simply Wall St, think the "intrinsic value" is closer to CA$67.36, meaning the current market price might be a tiny bit inflated—maybe by 4% or so.
But others look at the long game.
Jefferies recently bumped their price target for the Canadian shares up to CA$80.00. They’re betting that the copper deficit is real and that Teck is the best way to play it.
Dividends and the "Buyback" Secret
Income investors usually ignore miners because the payouts are stingy. Teck isn’t exactly a dividend king, but they aren't ignoring you either.
The current yield is about 0.73%. They pay out $0.09 per share quarterly. The next ex-dividend date is March 16, 2026. It’s not much, but it’s consistent.
The real story is the share buybacks. Management has been aggressively buying back stock. Why? Because they think the market is underestimating the value of their copper assets. When a company buys back its own shares, it usually means they think the "teck cominco stock price" is too cheap.
The Road Ahead: What to Watch
If you're thinking about putting money into TECK, you need to mark February 18, 2026, on your calendar. That’s the next earnings call.
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We’re going to find out if the repairs on the Quebrada Blanca shiploader actually finished on time. If that thing is back in service, it removes a huge bottleneck. If it’s delayed again? Expect the stock to stumble.
You also have to keep an eye on the Anglo American merger vote. Shareholders from both sides are getting ready to weigh in. If the deal falls through because of Canadian "national interest" concerns, Teck will have to go it alone. That’s not necessarily a bad thing, but it will change the math for everyone.
Actionable Insights for Investors
Mining is a game of patience and iron stomach. Here is how to actually handle the current volatility:
- Don't chase the highs. The stock is currently trading very close to its 52-week high. If you're a long-term buyer, wait for a 5-10% "copper correction" to build a position.
- Watch the $4.50 copper mark. Teck’s profitability shifts dramatically when copper stays above $4.50/lb. If prices dip below $4.00, the current P/E ratio becomes very hard to justify.
- Check the TSX vs. NYSE spread. Sometimes currency fluctuations between the USD and CAD create small windows of opportunity for those who can trade on both exchanges.
- Ignore the "Cominco" nostalgia. This is a tech-adjacent minerals company now. Evaluate it based on its ability to supply the green energy transition, not its 100-year history of digging holes in British Columbia.
The bottom line? The teck cominco stock price is no longer a proxy for the industrial economy; it's a bet on the electrified future. It’s messy, it’s capital-intensive, and it’s currently a bit expensive, but it remains one of the few ways to get "pure" copper exposure in a stable jurisdiction.
Keep your eye on the tailings dam. If they fix the drainage issues in Chile, the $80 price target might actually be conservative.
Next Steps for Your Portfolio:
Review your current exposure to base metals. If you are underweight copper, compare Teck Resources (TECK) against Southern Copper (SCCO) and Freeport-McMoRan (FCX). Teck offers a unique "merger arbitrage" play that its peers don't, but it also carries higher operational risk due to the Quebrada Blanca ramp-up phase. For those looking for immediate action, set a price alert for $47.50—a historical support level that has acted as a strong entry point in the past.