Teck Resources (TECK.B) Stock Forecast & Price Target

C$70.30

+0.68 (+0.98%)

(As of 10/4/2024 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

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
1

Buy
12

Based on 13 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 13 analysts, 1 has given a hold rating, and 12 have given a buy rating for TECK.B.

Consensus Price Target

C$76.44
8.73% Upside

According to the 13 analysts' twelve-month price targets for Teck Resources, the average price target is C$76.44. The highest price target for TECK.B is C$87.00, while the lowest price target for TECK.B is C$59.00. The average price target represents a forecasted upside of 8.73% from the current price of C$70.30.

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TECK.B Analyst Ratings Over Time

Type	Current Forecast 10/6/23 to 10/5/24	1 Month Ago 9/6/23 to 9/5/24	3 Months Ago 7/8/23 to 7/7/24	1 Year Ago 10/6/22 to 10/6/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 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	C$76.44	C$76.60	C$74.55	C$63.64
Forecasted Upside	8.73% Upside	26.80% Upside	8.45% Upside	13.80% Upside
Consensus Rating	Moderate Buy	Buy	Buy	Moderate Buy

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TECK.B 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.B 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
Consensus Rating Score	2.92	2.73
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent TECK.B News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/2/2024	Citigroup 3 of 5 stars		Boost Target	Neutral	C$64.00 ➝ C$74.00	+4.61%
9/30/2024	Raymond James 4 of 5 stars		Boost Target		C$71.00 ➝ C$73.00	+3.53%
9/10/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform	C$88.00 ➝ C$85.00	+41.93%
8/19/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$84.00 ➝ C$78.00	+15.59%
7/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$76.00 ➝ C$74.00	+16.87%
7/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$80.00 ➝ C$77.00	+21.60%
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7/22/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$80.00 ➝ C$76.00	+19.82%
7/16/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$78.00 ➝ C$80.00	+18.08%
7/15/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$82.50 ➝ C$86.00	+23.96%
7/12/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$80.00	+15.21%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$72.00 ➝ C$75.00	+11.11%
7/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$80.00 ➝ C$85.00	+27.61%
7/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$88.00 ➝ C$87.00	+25.52%
1/23/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$72.00 ➝ C$59.00	+12.66%
1/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$64.00 ➝ C$63.00	+26.74%
11/13/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$68.00 ➝ C$71.00	+40.93%
4/17/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$48.00 ➝ C$50.00	-22.24%
12/9/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Carlos De Alba Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	C$43.00	-15.07%
10/17/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matt Murphy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight	C$59.00 ➝ C$64.00	+41.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:32 AM ET.

Should I Buy Teck Resources Stock? TECK.B 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 Monday, September 30, 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 Ltd:

Teck Resources Ltd's stock price has recently passed below its 50-day moving average, potentially indicating a buying opportunity as the stock may be undervalued.
Teck Resources Ltd has a diverse portfolio across segments like Steelmaking, Coal, Copper, Zinc, and Energy, which can provide stability and exposure to different commodity markets.
Analysts have given Teck Resources Ltd an average rating of "Buy" with a consensus price target of C$76.40, suggesting potential upside for investors.
Teck Resources Ltd has a market capitalization of C$32.83 billion, indicating it is a significant player in the industry with resources for growth and stability.
Teck Resources Ltd's P/E ratio of 22.99 and P/E/G ratio of -0.38 can be attractive to value investors looking for undervalued stocks with growth potential.

Teck Resources
Bear Case

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

Teck Resources Ltd's stock price target has been recently cut by analysts, indicating potential concerns about the company's performance or market conditions.
Teck Resources Ltd's debt-to-equity ratio of 37.46 may raise concerns about the company's financial leverage and ability to manage debt effectively.
Despite the potential upside, Teck Resources Ltd's stock has experienced fluctuations and may be subject to volatility in commodity prices and market conditions.
Some analysts have lowered their price targets for Teck Resources Ltd, which could reflect changing sentiment or outlook on the company's future prospects.
Teck Resources Ltd's beta of 1.36 indicates the stock's sensitivity to market movements, potentially leading to higher volatility compared to the market average.

TECK.B Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Teck Resources is C$76.44, with a high forecast of C$87.00 and a low forecast of C$59.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There is currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TECK.B shares.
: According to analysts, Teck Resources's stock has a predicted upside of 8.73% based on their 12-month stock forecasts.
: Teck Resources has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, CIBC, Citigroup, Eight Capital, Jefferies Financial Group, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Teck Resources more than other "basic materials" companies. The consensus rating score for Teck Resources is 2.92 while the average consensus rating score for "basic materials" companies is 2.73. Learn more on how TECK.B compares to other companies.

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This page (TSE:TECK.B) was last updated on 10/5/2024 by MarketBeat.com Staff

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