Teck Resources (TECK) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TECK shares.
View TECK analyst ratings or view top-rated stocks.

14 brokerages have issued 1-year price targets for Teck Resources' shares. Their TECK share price forecasts range from $42.00 to $80.00. On average, they predict the company's share price to reach $61.86 in the next twelve months. This suggests a possible upside of 61.5% from the stock's current price.
View analysts price targets for TECK or view top-rated stocks among Wall Street analysts.

Teck Resources' stock was trading at $37.82 on January 1st, 2023. Since then, TECK stock has increased by 1.3% and is now trading at $38.31.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our TECK earnings forecast.

Teck Resources Limited (NYSE:TECK) issued its quarterly earnings data on Wednesday, October, 27th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.40. The basic materials company earned $3.97 billion during the quarter, compared to analyst estimates of $3.63 billion. Teck Resources had a net margin of 16.80% and a trailing twelve-month return on equity of 15.71%. The firm's revenue was up 73.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS.

Teck Resources announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.125 per share on Friday, June 30th. This represents a $0.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, June 14th. This is a boost from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for TECK.

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

Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 0.96%. The dividend payout ratio is 8.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 7.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

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).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dodge & Cox (5.46%), Davis Selected Advisers (2.57%), Egerton Capital UK LLP (1.96%), FIL Ltd (1.31%), Dimensional Fund Advisors LP (1.30%) and CIBC Asset Management Inc (1.28%).

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.
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One share of TECK stock can currently be purchased for approximately $38.31.

Teck Resources (NYSE:TECK) has a market capitalization of $19.63 billion and generates $13.32 billion in revenue each year. The basic materials company earns $2.55 billion in net income (profit) each year or $4.16 on an earnings per share basis.

The company employs 12,100 workers across the globe.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.