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

C$59.33 +0.01 (+0.02%)

(As of 12/24/2024 01:21 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 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

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, 2 have given a hold rating, and 10 have given a buy rating for TECK.B.

Consensus Price Target

C$76.30
28.60% Upside

According to the 12 analysts' twelve-month price targets for Teck Resources, the average price target is C$76.30. 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 28.60% from the current price of C$59.33.

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TECK.B Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)
Hold	2 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$76.30	C$77.13	C$76.40	C$65.88
Forecasted Upside	28.60% Upside	17.89% Upside	6.20% Upside	18.06% 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	2.83	2.76
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

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
12/10/2024	National Bankshares 1 of 5 stars	Downgrade	Outperform ➝ Sector Perform	C$85.00 ➝ C$77.50	+19.01%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:45 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 Sunday, December 22, 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 is currently at C$60.22, which is below its 200-day moving average of C$65.89, potentially indicating a buying opportunity for investors looking for undervalued stocks.
The company has received multiple recent upgrades from analysts, with target prices raised by firms like Raymond James and Scotiabank, suggesting positive sentiment and potential for price appreciation.
Teck Resources Ltd has a strong market capitalization of C$29.64 billion, indicating a solid position in the market and the ability to weather economic fluctuations.
With a consensus rating of "Moderate Buy" and a price target averaging C$76.30, analysts are optimistic about the company's future performance, which could lead to gains for investors.
The company operates in diverse segments including Steelmaking, Coal, Copper, and Zinc, which can provide stability and growth opportunities across different markets.

Teck Resources
Bear Case

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

The stock has recently traded down 0.7%, indicating potential volatility and uncertainty in the short term, which could deter risk-averse investors.
Teck Resources Ltd has a relatively high P/E ratio of 20.75, which may suggest that the stock is overvalued compared to its earnings, raising concerns about future price corrections.
Analysts have also issued price target reductions, such as CIBC lowering their target from C$80.00 to C$78.00, which may reflect concerns about the company's growth prospects.
The company has a debt-to-equity ratio of 37.46, indicating a significant amount of debt relative to equity, which could pose risks in a rising interest rate environment.
Recent trading volumes have decreased, with a 26% drop from the average session volume, suggesting reduced investor interest and potential liquidity issues.

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$76.30, with a high forecast of C$87.00 and a low forecast of C$59.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 2 hold ratings and 10 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 28.60% based on their 12-month stock forecasts.
: Over the previous 90 days, Teck Resources's stock had 1 downgrade by analysts.
: Teck Resources has been rated by research analysts at Canaccord Genuity Group, CIBC, Citigroup, JPMorgan Chase & Co., National Bankshares, Raymond James, 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 2.83 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how TECK.B compares to other companies.

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This page (TSE:TECK.B) was last updated on 12/25/2024 by MarketBeat.com Staff

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