Shares of Teck Resources Ltd (TECK) plunged 5.57% during Friday's trading session, as the Canadian diversified natural resources company faced a barrage of analyst downgrades and reduced price targets. The stock's sharp decline comes in the wake of the company's second-quarter results and revised guidance, which have raised concerns among investors.

Several major financial institutions reassessed their outlook on Teck Resources. CIBC Capital Markets downgraded the stock to Neutral from Outperformer, slashing its price target to C$57 from C$68. Similarly, JPMorgan lowered its rating to Neutral from Overweight, adjusting its price target to $56 from $63. Scotiabank and Canaccord also reduced their price targets, although they maintained more positive ratings on the stock.

The downgrades were primarily driven by Teck's reduced consolidated guidance, particularly due to issues at its Quebrada Blanca (QB) operation. Analyst Antia Soni from CIBC noted, "We have incorporated Teck's Q2/25 financial and operating results, which included a reduction in consolidated guidance driven by a reduction at Quebrada Blanca." Adding to the pressure, copper miners, in general, faced headwinds as copper prices fell due to faltering demand ahead of a crucial week for U.S. trade agreements and potential import tariffs. This broader market context likely contributed to the negative sentiment surrounding Teck Resources, exacerbating its stock price decline.