Teck Resources (TECK) Stock Forecast & Price Target

$40.94 +0.95 (+2.38%)

(As of 12/20/2024 05:31 PM ET)

Teck Resources - Analysts' Recommendations and Stock Price Forecast (2025)

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 11 Analyst Ratings

Sell
0

Hold
5

Buy
6

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, 5 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
59.47% 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 59.47% from the current price of $40.94.

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TECK Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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)	5 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)
Hold	5 Hold rating(s)	4 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	$65.29	$65.00	$51.60
Forecasted Upside	59.47% Upside	39.47% Upside	32.41% Upside	22.62% 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	2.64	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	59.47% Upside	139.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent TECK News	Neutral 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
12/10/2024	National Bank Financial 5 of 5 stars	S. Nagle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		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
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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
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%
7/10/2023	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 Sunday at 09:11 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, December 13, 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 Limited recently reported earnings per share (EPS) of $0.60, significantly exceeding analysts' expectations of $0.36. This strong performance indicates robust financial health and operational efficiency.
The stock is currently trading at $47.15, which may present a buying opportunity for investors looking for potential growth, especially considering the average price target of $65.29 set by analysts.
Five investment analysts have rated the stock with a buy rating, reflecting positive sentiment and confidence in the company's future performance.
Scotiabank recently raised its price target for Teck Resources Limited from $78.00 to $79.00, indicating a bullish outlook and potential for price appreciation.
The company operates in multiple segments, including Steelmaking Coal, Copper, Zinc, and Energy, providing diversification that can help mitigate risks associated with market fluctuations in any single commodity.

Teck Resources
Bear Case

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

The company's quarterly revenue decreased by 20.6% compared to the same quarter last year, which may raise concerns about its ability to maintain growth in a challenging market environment.
JPMorgan Chase & Co. recently lowered their price target from $57.00 to $55.00, which could signal a lack of confidence in the stock's near-term performance.
Teck Resources Limited's dividend yield is relatively low at 0.76%, which may not be attractive for income-focused investors.
UBS Group downgraded the stock from a "buy" rating to a "neutral" rating, suggesting that the stock may not outperform the market in the near future.
The company has a high PE ratio of 68.12, indicating that the stock may be overvalued compared to its earnings, which could deter value investors.

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 5 hold ratings, 5 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 59.47% based on their 12-month stock forecasts.
: Over the previous 90 days, Teck Resources's stock had 3 downgrades and 1 upgrade by analysts.
: Teck Resources has been rated by research analysts at Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., National Bank Financial, 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 2.64 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 12/22/2024 by MarketBeat.com Staff

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Teck Resources (TECK) Stock Forecast & Price Target