Free Trial

Teck Resources (TECK) Stock Forecast & Price Target

Teck Resources logo
$46.93
+0.18 (+0.39%)
(As of 11/4/2024 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

Sell
0
Hold
3
Buy
8

Based on 11 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 11 analysts, 3 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for TECK.

Consensus Price Target

$65.29
39.11% Upside
According to the 11 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 39.11% from the current price of $46.93.
Get the Latest News and Ratings for TECK and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Teck Resources and its competitors.

Sign Up

TECK Analyst Ratings Over Time

TypeCurrent Forecast
11/6/23 to 11/5/24
1 Month Ago
10/7/23 to 10/6/24
3 Months Ago
8/8/23 to 8/7/24
1 Year Ago
11/6/22 to 11/6/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
2 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 Upside39.11% Upside25.43% Upside43.25% Upside41.15% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Teck Resources Stock vs. The Competition

TypeTeck ResourcesBasic Materials CompaniesS&P 500
Consensus Rating Score
2.82
2.74
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside38.46% Upside115.20% Upside10.36% Upside
News Sentiment Rating
Neutral News

See Recent TECK News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/25/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$57.00 ➝ $55.00+16.06%
10/25/2024Deutsche Bank Aktiengesellschaft
3 of 5 stars
 DowngradeBuy ➝ Hold$50.00 ➝ $50.00+6.77%
10/8/2024Scotiabank
5 of 5 stars
 Boost TargetSector Outperform ➝ Sector Outperform$78.00 ➝ $79.00+63.66%
10/2/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
A. Hacking
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold
9/4/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
C. Woodworth
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeNeutral ➝ Buy$76.00 ➝ $78.00+74.97%
7/26/2024Paradigm Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
G. Lawson
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeModerate Buy
7/25/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Buy$55.00 ➝ $55.00+19.98%
7/16/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
G. Barnes
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
7/15/2024BMO 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 CoverageHold ➝ Outperform
7/12/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOutperformer ➝ Outperformer$70.00 ➝ $80.00+56.53%
7/11/2024Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
R. Profiti
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeStrong-Buy ➝ Hold
6/21/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$55.00 ➝ $60.00+24.92%
11/10/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradePeer Perform ➝ Outperform
10/26/2023B. Riley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$78.00 ➝ $63.00+77.36%
7/27/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSector Perform ➝ Outperform
7/10/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$72.00 ➝ C$68.00
5/3/2023888
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains
4/27/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$69.00
4/20/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$70.00 ➝ C$80.00
4/3/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$65.00 ➝ C$62.00
2/22/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$64.00 ➝ C$72.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:03 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 Friday, October 25, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

Teck Resources
Bull Case

green Wall Street bull icon

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

red Wall Street bear icon

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 11 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.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TECK shares.

According to analysts, Teck Resources's stock has a predicted upside of 39.11% based on their 12-month stock forecasts.

Over the previous 90 days, Teck Resources's stock had 2 upgrades and 1 downgrade 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 more than other "basic materials" companies. The consensus rating score for Teck Resources is 2.82 while the average consensus rating score for "basic materials" companies is 2.74. Learn more on how TECK compares to other companies.


This page (NYSE:TECK) was last updated on 11/5/2024 by MarketBeat.com Staff
From Our Partners