Should I buy or sell Teck Resources stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TECK shares. View TECK analyst ratings or view top-rated stocks .

What is Teck Resources' stock price target for 2024?

7 Wall Street analysts have issued 12-month price targets for Teck Resources' stock. Their TECK share price targets range from $32.00 to $63.00. On average, they anticipate the company's share price to reach $41.77 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View analysts price targets for TECK or view top-rated stocks among Wall Street analysts .

How have TECK shares performed in 2023?

Teck Resources' stock was trading at $37.82 on January 1st, 2023. Since then, TECK stock has increased by 2.4% and is now trading at $38.73. View the best growth stocks for 2023 here .

When is Teck Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our TECK earnings forecast .

How were Teck Resources' earnings last quarter?

Teck Resources Limited (NYSE:TECK) announced its earnings results on Tuesday, October, 24th. The basic materials company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.20. The basic materials company earned $2.68 billion during the quarter, compared to analysts' expectations of $2.77 billion. Teck Resources had a trailing twelve-month return on equity of 9.11% and a net margin of 15.78%.

How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?

Teck Resources declared a quarterly dividend on Thursday, November 16th. Investors of record on Friday, December 15th will be paid a dividend of $0.125 per share on Friday, December 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.09. Read our dividend analysis for TECK .

Is Teck Resources a good dividend stock?

Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 0.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 8.51% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TECK .

What ETFs hold Teck Resources' stock?

ETFs with the largest weight of Teck Resources (NYSE:TECK) stock in their portfolio include VanEck Green Metals ETF (GMET) , Global X Copper Miners ETF (COPX) , Optica Rare Earths & Critical Materials ETF (CRIT) , Davis Select International ETF (DINT) , Davis Select Worldwide ETF (DWLD) , KraneShares Global Carbon Transformation ETF (KGHG) , Davis Select U.S. Equity ETF (DUSA) and WealthTrust DBS Long Term Growth ETF (WLTG) .

What other stocks do shareholders of Teck Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B) , Bank of America (BAC) , Intelsat (I) , Freeport-McMoRan (FCX) , Micron Technology (MU) , AMC Entertainment (AMC) , Fossil Group (FOSL) , Ciena (CIEN) , Associated British Foods (ABF) and Chaarat Gold (CGH) .

Who are Teck Resources' major shareholders?

Teck Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Royal Bank of Canada (3.67%), Davis Selected Advisers (2.51%), Boston Partners (1.65%), CIBC Asset Management Inc (1.21%), Mackenzie Financial Corp (0.89%) and Bank of Nova Scotia (0.78%).

How do I buy shares of Teck Resources?

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Top-Rated StocksTop-Rated

Teck Resources Stock Price, News & Analysis (NYSE:TECK)

$38.73

+1.46 (+3.92%)

(As of 12/8/2023 ET)

Compare

Today's Range: $37.03
▼
$38.76
50-Day Range: $34.45
▼
$41.59
52-Week Range: $32.48
▼
$49.34

Volume: 4.19 million shs
Average Volume: 4.13 million shs
Market Capitalization: $19.84 billion

P/E Ratio: 12.33
Dividend Yield: 0.96%
Price Target: $41.77

Teck Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 7.8% Upside
$41.77 Price Target
Short Interest: Healthy
2.42% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -9.56
Upright™ Environmental Score
News Sentiment: 0.16
Based on 17 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.78%
From $3.79 to $4.35 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Basic Materials Sector

61st out of 166 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

8th out of 17 stocks

2.4

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $41.77, Teck Resources has a forecasted upside of 7.8% from its current price of $38.73.
Amount of Analyst Coverage
Teck Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.42% of the float of Teck Resources has been sold short.
Short Interest Ratio / Days to Cover
Teck Resources has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Teck Resources has recently increased by 0.49%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Teck Resources has a dividend yield of 0.96%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Teck Resources is 11.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Teck Resources will have a dividend payout ratio of 8.51% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Teck Resources has received a -246.28% net impact score from Upright. The largest negative impact of Teck Resources in category "GHG emissions" seems to be driven mostly by its "Coke (from coal)", "Zinc", and "Copper" products. See details.
Environmental Sustainability
The Environmental Impact score for Teck Resources is -9.56.

2.3

News and Social Media Coverage

News Sentiment
Teck Resources has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Teck Resources this week, compared to 8 articles on an average week.
Search Interest
Only 10 people have searched for TECK on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
7 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Teck Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Teck Resources is held by insiders.
Percentage Held by Institutions
59.23% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Teck Resources are expected to grow by 14.78% in the coming year, from $3.79 to $4.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 12.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 12.33, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 89.32.
Price to Earnings Growth Ratio
Teck Resources has a PEG Ratio of 4.94. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Teck Resources Stock (NYSE:TECK)

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, and Energy segments. The company's principal products include copper, zinc, steelmaking coal, and blended bitumen. It also produces lead, silver, and molybdenum; and various specialty and other metals, chemicals, and fertilizers. In addition, the company explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

TECK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TECK Stock News Headlines

December 9, 2023 | oilprice.com

The World’s Second-Biggest Coal Company Is Looking to Exit the Industry

December 8, 2023 | msn.com

Teck, Arras partner to explore Kazakh critical minerals

December 10, 2023 | Wealthpress (Ad)

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December 8, 2023 | ca.style.yahoo.com

Anglo American plans $1.8 billion spending cuts to arrest downturn

December 8, 2023 | juniorminingnetwork.com

Major Canadian Mining Company Joins Forces with Arras Minerals to Target Critical Minerals in Kazakhstan

December 8, 2023 | americanbankingnews.com

Teck Resources (NYSE:TECK) Price Target Lowered to $45.00 at Morgan Stanley

December 7, 2023 | finanznachrichten.de

Teck Resources Ltd: Teck and Oldendorff Carriers Announce Agreement to Outfit Bulk Carrier with Rotor Sails to Reduce Emissions

December 7, 2023 | finanznachrichten.de

Arras Minerals Corp.: Arras Minerals Announces Strategic Alliance With Major Canadian Mining Company to Focus on Critical Minerals in Kazakhstan

December 10, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

December 7, 2023 | finance.yahoo.com

Arras Minerals Announces Strategic Alliance With Major Canadian Mining Company to Focus on Critical Minerals in Kazakhstan

December 7, 2023 | finance.yahoo.com

Teck and Oldendorff Carriers Announce Agreement to Outfit Bulk Carrier with Rotor Sails to Reduce Emissions

December 3, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Teck Resources (NYSE:TECK)

December 2, 2023 | americanbankingnews.com

Teck Resources Limited (NYSE:TECK) Receives Average Rating of "Moderate Buy" from Brokerages

November 23, 2023 | finance.yahoo.com

Investors in Teck Resources (TSE:TECK.B) have seen solid returns of 157% over the past three years

November 15, 2023 | msn.com

Glencore to buy coal arm of Canadian rival Teck Resources in £5.6bn deal

November 15, 2023 | finance.yahoo.com

Teck Resources Limited: Teck to Primarily Be a Copper Miner After Selling Its Metallurgical Coal Business

November 15, 2023 | msn.com

Canada likely to approve Glencore-Teck deal despite foreign investment scrutiny

November 14, 2023 | msn.com

FACTBOX-Glencore's $9 bln bet on coking coal's role in green transition

November 14, 2023 | finance.yahoo.com

Amazon's Sharp Portfolio Reduction Headlines Caxton Associates' Q3 Moves

November 14, 2023 | msn.com

Glencore strikes $9 billion deal to buy 77% stake in Teck Resources’ coal business

November 14, 2023 | finance.yahoo.com

Canada likely to greenlight Glencore-Teck deal despite greater scrutiny of foreign investments

November 14, 2023 | finance.yahoo.com

Canada to ‘Carefully’ Review Glencore Deal for Teck Coal Mines

November 14, 2023 | finance.yahoo.com

UPDATE 1-Canada likely to greenlight Glencore-Teck deal despite greater scrutiny of foreign investments

November 14, 2023 | seekingalpha.com

Teck Resources: $10 Billion Windfall, My Bullish Outlook

November 14, 2023 | marketwatch.com

Glencore Buys Majority Stake in Teck Resources' Coal Unit for $6.93 Bln -- Update

November 14, 2023 | za.investing.com

Teck gains after selling coal business to Glencore for $9 billion, ending saga

November 14, 2023 | msn.com

Teck Resources agrees to sell steelmaking coal business

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Last Earnings: 10/24/2023
Today: 12/09/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/20/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:TECK
CUSIP: N/A
CIK: 886986
Web: www.teck.com
Phone: (604) 699-4000
Fax: 604-699-4750
Employees: 12,100
Year Founded: 1906

Price Target and Rating

Average Stock Price Target: $41.77
High Stock Price Target: $63.00
Low Stock Price Target: $32.00
Potential Upside/Downside: +7.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.14
Trailing P/E Ratio: 12.33
Forward P/E Ratio: 10.25
P/E Growth: 4.76
Net Income: $2.55 billion
Net Margins: 15.78%
Pretax Margin: 33.58%
Return on Equity: 9.11%
Return on Assets: 4.68%

Debt

Debt-to-Equity Ratio: 0.22
Current Ratio: 1.20
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: $14.04 billion
Price / Sales: 1.41
Cash Flow: $10.36 per share
Price / Cash Flow: 3.74
Book Value: $40.31 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 512,317,000
Free Float: 511,600,000
Market Cap: $19.84 billion
Optionable: Optionable
Beta: 1.05

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Key Executives

Mr. Jonathan H. Price M.B.A. (Age 47)
President, CEO & Director
Comp: $1.81M
Ms. Crystal J. Prystai
Senior VP, Corporate Controller & CFO
Mr. Nicholas Peter M. Hooper (Age 52)
Senior Vice President of Corporate Development & Exploration
Comp: $1.15M
Mr. Greg J. Brouwer
Senior Vice President of Technical
Mr. Justin M. Webb
VP & Chief Information Officer
Mr. H. Fraser Phillips
Senior Vice President of Investor Relations & Strategic Analysis
Ms. Charlene A. Ripley (Age 59)
Senior VP & General Counsel
Chris Stannell
Public Relations Manager
Mr. Dean C. Winsor
Senior VP & Chief Human Resources Officer
Mr. Alexander Nicholas Christopher B.Sc (Hons) (Age 57)
B.Sc., P.Geo (BC), P.Geo., Senior Vice President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Teck Resources Stock? TECK Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Teck Resources was last updated on Tuesday, November 28, 2023 at 10:27 PM.

Pros

Here are some ways that investors could benefit from investing in Teck Resources Limited:

Teck Resources Limited has recently announced a significant increase in its production capacity, which is expected to drive revenue growth.
The company has successfully implemented cost-saving measures, resulting in improved profitability.
Teck Resources Limited has a strong balance sheet and a favorable debt-to-equity ratio, indicating financial stability.
The company has a diversified portfolio of commodities, reducing the risk associated with relying on a single product.
Teck Resources Limited has a history of paying dividends to its shareholders, providing a potential source of income.

Cons

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

The recent decline in commodity prices may negatively impact the company's profitability.
Teck Resources Limited operates in a highly cyclical industry, making it susceptible to economic downturns.
The company faces regulatory and environmental risks, which could result in increased costs and operational challenges.
Teck Resources Limited has a significant exposure to foreign markets, making it vulnerable to currency fluctuations and geopolitical uncertainties.
The stock price of Teck Resources Limited has been volatile in recent periods, which may deter risk-averse investors.

TECK Stock Analysis - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TECK shares.
View TECK analyst ratings or view top-rated stocks.
What is Teck Resources' stock price target for 2024?: 7 Wall Street analysts have issued 12-month price targets for Teck Resources' stock. Their TECK share price targets range from $32.00 to $63.00. On average, they anticipate the company's share price to reach $41.77 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
View analysts price targets for TECK or view top-rated stocks among Wall Street analysts.
How have TECK shares performed in 2023?: Teck Resources' stock was trading at $37.82 on January 1st, 2023. Since then, TECK stock has increased by 2.4% and is now trading at $38.73.
View the best growth stocks for 2023 here.
When is Teck Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our TECK earnings forecast.
How were Teck Resources' earnings last quarter?: Teck Resources Limited (NYSE:TECK) announced its earnings results on Tuesday, October, 24th. The basic materials company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.20. The basic materials company earned $2.68 billion during the quarter, compared to analysts' expectations of $2.77 billion. Teck Resources had a trailing twelve-month return on equity of 9.11% and a net margin of 15.78%.
How often does Teck Resources pay dividends? What is the dividend yield for Teck Resources?: Teck Resources declared a quarterly dividend on Thursday, November 16th. Investors of record on Friday, December 15th will be paid a dividend of $0.125 per share on Friday, December 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for TECK.

Is Teck Resources a good dividend stock?: Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 0.96%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 8.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.
What ETFs hold Teck Resources' stock?: ETFs with the largest weight of Teck Resources (NYSE:TECK) stock in their portfolio include VanEck Green Metals ETF (GMET), Global X Copper Miners ETF (COPX), Optica Rare Earths & Critical Materials ETF (CRIT), Davis Select International ETF (DINT), Davis Select Worldwide ETF (DWLD), KraneShares Global Carbon Transformation ETF (KGHG), Davis Select U.S. Equity ETF (DUSA) and WealthTrust DBS Long Term Growth ETF (WLTG).
What other stocks do shareholders of Teck Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).
Who are Teck Resources' major shareholders?: Teck Resources' stock is owned by a variety of institutional and retail investors. Top institutional investors include Royal Bank of Canada (3.67%), Davis Selected Advisers (2.51%), Boston Partners (1.65%), CIBC Asset Management Inc (1.21%), Mackenzie Financial Corp (0.89%) and Bank of Nova Scotia (0.78%).
How do I buy shares of Teck Resources?: Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:TECK) was last updated on 12/10/2023 by MarketBeat.com Staff

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Teck Resources Stock Price, News & Analysis (NYSE:TECK)

Teck Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Teck Resources Stock (NYSE:TECK)

TECK Stock Price History

TECK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

Should I Buy Teck Resources Stock? TECK Pros and Cons Explained

Pros

Cons

TECK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™