Teck Resources (TECK) Stock Forecast & Price Target

$46.81 -0.40 (-0.85%)

(As of 11/22/2024 ET)

Teck Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
4

Buy
6

Based on 10 Wall Street analysts who have issued ratings for Teck Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 4 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for TECK.

Consensus Price Target

$65.29
39.47% Upside

According to the 10 analysts' twelve-month price targets for Teck Resources, the average price target is $65.29. The highest price target for TECK is $80.00, while the lowest price target for TECK is $50.00. The average price target represents a forecasted upside of 39.47% from the current price of $46.81.

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TECK Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$65.29	$65.00	$62.40	$52.00
Forecasted Upside	39.47% Upside	37.28% Upside	27.71% Upside	42.62% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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TECK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TECK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Teck Resources Stock vs. The Competition

Type	Teck Resources	Basic Materials Companies	S&P 500
Consensus Rating Score	2.70	2.76	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	39.47% Upside	117.26% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent TECK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	UBS Group 4 of 5 stars	C. Woodworth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
10/25/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$57.00 ➝ $55.00	+16.06%
10/25/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Downgrade	Buy ➝ Hold	$50.00 ➝ $50.00	+6.77%
10/8/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$78.00 ➝ $79.00	+63.66%
10/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Hacking Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/26/2024	Paradigm Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Lawson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
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7/25/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $55.00	+19.98%
7/16/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Barnes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/15/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Przybylowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold ➝ Outperform
7/12/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$70.00 ➝ $80.00	+56.53%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Profiti Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
6/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$55.00 ➝ $60.00	+24.92%
11/10/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform
10/26/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$78.00 ➝ $63.00	+77.36%
7/27/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
7/10/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$72.00 ➝ C$68.00
5/3/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$69.00
4/20/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$70.00 ➝ C$80.00
4/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$65.00 ➝ C$62.00
2/22/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$64.00 ➝ C$72.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:48 AM ET.

Should I Buy Teck Resources Stock? TECK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 7, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

Teck Resources
Bull Case

Here are some ways that investors could benefit from investing in Teck Resources Limited:

Teck Resources has consistently beaten earnings estimates, indicating strong financial performance. For example, in the latest quarter, the company reported $0.79 earnings per share, surpassing the consensus estimate by $0.32.
Teck Resources has increased its dividend payout significantly, offering investors a higher dividend yield. The recent boost in quarterly dividend from $0.09 to $0.625 per share reflects the company's confidence in its financial stability and growth prospects.
Analysts have upgraded Teck Resources' ratings, with several firms giving buy and strong buy recommendations. This positive sentiment from analysts can signal potential future stock price appreciation.
Teck Resources operates in multiple segments including Steelmaking Coal, Copper, Zinc, and Energy, providing diversification benefits to investors and exposure to different commodity markets.
Despite market fluctuations, Teck Resources has maintained a stable financial position with a reasonable debt-to-equity ratio of 0.19, indicating prudent financial management.

Teck Resources
Bear Case

Investors should be bearish about investing in Teck Resources Limited for these reasons:

The stock price of Teck Resources has been volatile, with fluctuations impacting investor returns. As of today, the stock is trading at $52.43, which may pose risks for short-term investors sensitive to price movements.

TECK Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Teck Resources is $65.29, with a high forecast of $80.00 and a low forecast of $50.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TECK shares.
: According to analysts, Teck Resources's stock has a predicted upside of 39.47% based on their 12-month stock forecasts.
: Over the previous 90 days, Teck Resources's stock had 2 upgrades and 2 downgrades by analysts.
: Teck Resources has been rated by research analysts at Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Scotiabank, and UBS Group in the past 90 days.
: Analysts like Teck Resources less than other "basic materials" companies. The consensus rating score for Teck Resources is 2.70 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how TECK compares to other companies.

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This page (NYSE:TECK) was last updated on 11/25/2024 by MarketBeat.com Staff

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Teck Resources (TECK) Stock Forecast & Price Target