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

C$64.89 -0.24 (-0.37%)

(As of 11/27/2024 05:22 PM 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 12 Analyst Ratings

Sell
0

Hold
1

Buy
11

Based on 12 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 12 analysts, 1 has given a hold rating, and 11 have given a buy rating for TECK.B.

Consensus Price Target

C$77.13
18.87% Upside

According to the 12 analysts' twelve-month price targets for Teck Resources, the average price target is C$77.13. The highest price target for TECK.B is C$90.00, while the lowest price target for TECK.B is C$59.00. The average price target represents a forecasted upside of 18.87% from the current price of C$64.89.

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TECK.B Analyst Ratings Over Time

Type	Current Forecast 11/29/23 to 11/28/24	1 Month Ago 10/30/23 to 10/29/24	3 Months Ago 8/31/23 to 8/30/24	1 Year Ago 11/29/22 to 11/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$77.13	C$76.63	C$76.60	C$64.35
Forecasted Upside	18.87% Upside	15.12% Upside	18.70% Upside	27.68% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	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	2.76
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent TECK.B News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/6/2024	Raymond James 4 of 5 stars		Boost Target		C$74.00 ➝ C$75.00	+9.46%
11/6/2024	Scotiabank 5 of 5 stars		Boost Target		C$74.00 ➝ C$75.00	+9.46%
10/25/2024	Canaccord Genuity Group 4 of 5 stars		Lower Target		C$80.00 ➝ C$78.00	+18.38%
10/25/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$80.00 ➝ C$78.00	+18.38%
10/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$78.00 ➝ C$76.00	+15.34%
10/15/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$86.00 ➝ C$90.00	+31.58%
Get the Latest News and Ratings for TECK.B and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Teck Resources and its competitors with MarketBeat's FREE daily newsletter.
10/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$64.00 ➝ C$74.00	+4.61%
9/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$88.00 ➝ C$85.00	+41.93%
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%
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%
7/11/2024	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:01 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 Tuesday, November 26, 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 has a strong market capitalization of C$33.40 billion, indicating a solid position in the market and potential for growth.
The company has received a consensus rating of "Moderate Buy" from analysts, with twelve analysts issuing buy ratings, suggesting positive sentiment towards its future performance.
Recent trading activity shows the stock price at C$65.23, which is below its fifty-day moving average of C$66.31, potentially indicating a buying opportunity for investors looking for undervalued stocks.
Teck Resources Ltd operates in multiple segments, including Steelmaking, Coal, Copper, and Zinc, which diversifies its revenue streams and reduces reliance on any single commodity.
The company has a relatively low debt-to-equity ratio of 37.46, suggesting a manageable level of debt compared to its equity, which can be a positive indicator for financial stability.

Teck Resources
Bear Case

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

The stock has recently crossed below its fifty-day moving average, which can be a bearish signal indicating potential further declines in stock price.
Analysts have adjusted target prices downward, with Royal Bank of Canada lowering its target from C$88.00 to C$85.00, which may reflect concerns about the company's near-term performance.
The company has a P/E ratio of 23.38, which may be considered high compared to industry averages, suggesting that the stock could be overvalued.
Teck Resources Ltd operates in the volatile commodities market, where prices can fluctuate significantly, impacting revenue and profitability.
The P/E/G ratio of -0.38 indicates that the company may not be growing at a rate that justifies its current valuation, which could deter growth-focused investors.

TECK.B Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Teck Resources is C$77.13, with a high forecast of C$90.00 and a low forecast of C$59.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There is currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TECK.B shares.
: According to analysts, Teck Resources's stock has a predicted upside of 18.87% based on their 12-month stock forecasts.
: Teck Resources has been rated by research analysts at Canaccord Genuity Group, CIBC, Citigroup, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, and Scotiabank 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 2.77. Learn more on how TECK.B compares to other companies.

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This page (TSE:TECK.B) was last updated on 11/28/2024 by MarketBeat.com Staff

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