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Teck Resources (TECK) Stock Forecast & Price Target

$48.59
-2.55 (-4.99%)
(As of 10/8/2024 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
2
Buy
9

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, 2 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for TECK.

Consensus Price Target

$67.00
37.89% Upside
According to the 11 analysts' twelve-month price targets for Teck Resources, the average price target is $67.00. The highest price target for TECK is $80.00, while the lowest price target for TECK is $54.00. The average price target represents a forecasted upside of 37.89% from the current price of $48.59.
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TECK Analyst Ratings Over Time

TypeCurrent Forecast
10/9/23 to 10/8/24
1 Month Ago
9/9/23 to 9/8/24
3 Months Ago
7/11/23 to 7/10/24
1 Year Ago
10/9/22 to 10/9/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$67.00$65.00$56.25$49.75
Forecasted Upside37.89% Upside49.46% Upside13.25% Upside21.28% 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.
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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.
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Teck Resources Stock vs. The Competition

TypeTeck ResourcesBasic Materials CompaniesS&P 500
Consensus Rating Score
2.82
2.73
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside34.13% Upside126.74% Upside7.82% Upside
News Sentiment Rating
Positive News

See Recent TECK News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/8/2024Scotiabank
5 of 5 stars
 Boost TargetSector Outperform ➝ Sector Outperform$78.00 ➝ $79.00+63.66%
10/2/2024Citigroup
3 of 5 stars
A. Hacking
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UpgradeHold
9/4/2024UBS Group
4 of 5 stars
C. Woodworth
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UpgradeNeutral ➝ Buy$76.00 ➝ $78.00+74.97%
7/26/2024Paradigm Capital
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G. Lawson
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UpgradeModerate Buy
7/25/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$55.00 ➝ $55.00+19.98%
7/25/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$56.00 ➝ $54.00+19.23%
7/16/2024TD Securities
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G. Barnes
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UpgradeStrong-Buy
7/15/2024BMO Capital Markets
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J. Przybylowski
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Initiated CoverageHold ➝ Outperform
7/12/2024CIBC
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 Boost TargetOutperformer ➝ Outperformer$70.00 ➝ $80.00+56.53%
7/11/2024Eight Capital
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R. Profiti
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DowngradeStrong-Buy ➝ Hold
6/21/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$55.00 ➝ $60.00+24.92%
11/10/2023Wolfe Research
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 UpgradePeer Perform ➝ Outperform
10/26/2023B. Riley
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 Lower TargetBuy ➝ Buy$78.00 ➝ $63.00+77.36%
7/27/2023National Bank Financial
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 UpgradeSector Perform ➝ Outperform
7/10/2023Stifel Nicolaus
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 Lower TargetC$72.00 ➝ C$68.00
7/5/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$46.00 ➝ $48.00+12.94%
5/3/2023888
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 Reiterated RatingMaintains
4/27/2023Raymond James
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 Boost TargetC$69.00
4/20/2023Jefferies Financial Group
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 Boost TargetC$70.00 ➝ C$80.00
4/3/2023Bank of America
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 Lower TargetC$65.00 ➝ C$62.00
2/22/2023Royal Bank of Canada
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 Boost TargetC$64.00 ➝ C$72.00
10/28/2022Canaccord Genuity Group
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Dalton Baretto
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DowngradeBuy ➝ HoldC$51.00 ➝ C$46.00
10/17/2022Barclays
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 Boost TargetC$40.00 ➝ C$47.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:19 PM 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 Thursday, October 3, 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 Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America.
  • Recent developments show that the company operates through Steelmaking Coal, Copper, Zinc, and Energy segments.
  • The company's principal products include copper, zinc, steelmaking coal, and blended materials.
  • Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe.
  • Investors should consider the company's strong presence in the mining industry and diversified product portfolio.

Teck Resources
Bear Case

red Wall Street bear icon

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

  • While the company has a diversified product portfolio, it also faces risks associated with fluctuations in commodity prices.
  • Teck Resources Limited operates in a cyclical industry, which can lead to volatility in financial performance.
  • Concerns about environmental impact and regulatory challenges may affect the company's operations.
  • Investors should carefully consider the company's debt levels and leverage ratios before making investment decisions.
  • Market conditions and global economic factors can influence the company's revenue and profitability.

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 $67.00, with a high forecast of $80.00 and a low forecast of $54.00.

11 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, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TECK shares.

According to analysts, Teck Resources's stock has a predicted upside of 37.89% based on their 12-month stock forecasts.

Over the previous 90 days, Teck Resources's stock had 4 upgrades and 1 downgrade by analysts.

Teck Resources has been rated by research analysts at Benchmark, BMO Capital Markets, CIBC, Citigroup, Eight Capital, JPMorgan Chase & Co., Paradigm Capital, Scotiabank, TD Securities, 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 2.91 while the average consensus rating score for "basic materials" companies is 2.73. Learn more on how TECK compares to other companies.


This page (NYSE:TECK) was last updated on 10/8/2024 by MarketBeat.com Staff
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