Teck Resources (TECK) Stock Forecast & Price Target

$47.45

+1.75 (+3.83%)

(As of 07/26/2024 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

Moderate Buy
Based on 11 Analyst Ratings

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

$62.40
31.51% Upside

High Forecast	$80.00
Average Forecast	$62.40
Low Forecast	$54.00

According to the 11 analysts' twelve-month price targets for Teck Resources, the average price target is $62.40. 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 31.51% from the current price of $47.45.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	0 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)	8 Buy rating(s)
Hold	2 Hold rating(s)	1 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	$62.40	$54.60	$53.60	$49.25
Forecasted Upside	31.51% Upside	23.26% Upside	20.59% Upside	27.06% Upside

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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.

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.

Teck Resources Stock vs. The Competition

Type	Teck Resources	Basic Materials Companies	S&P 500
Consensus Rating Score	2.91	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	31.51% Upside	306.27% Upside	9.09% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$55.00 ➝ $55.00	+19.98%
7/25/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$56.00 ➝ $54.00	+19.23%
7/16/2024	TD Securities 4 of 5 stars	G. Barnes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/15/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Przybylowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold ➝ Outperform
7/12/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$70.00 ➝ $80.00	+56.53%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Profiti Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
Get the Latest News and Ratings for TECK 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.
6/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$55.00 ➝ $60.00	+24.92%
1/16/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
11/10/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform
10/26/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$78.00 ➝ $63.00	+77.36%
10/17/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Wowkodaw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform
7/27/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
7/10/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$72.00 ➝ C$68.00
7/5/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$46.00 ➝ $48.00	+12.94%
5/3/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$69.00
4/20/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$70.00 ➝ C$80.00
4/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$65.00 ➝ C$62.00
2/22/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$64.00 ➝ C$72.00
1/11/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$45.00 ➝ C$55.00
10/28/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Dalton Baretto Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$51.00 ➝ C$46.00
10/17/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$40.00 ➝ C$47.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:31 AM ET.

TECK Forecast - Frequently Asked Questions

What is Teck Resources' forecast for 2024?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Teck Resources is $62.40, with a high forecast of $80.00 and a low forecast of $54.00.
Should I buy or sell Teck Resources stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 2 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TECK shares.
Does Teck Resources's stock price have much upside?: According to analysts, Teck Resources's stock has a predicted upside of 40.24% based on their 12-month stock forecasts.
Has Teck Resources been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Teck Resources's stock had 1 upgrade and 1 downgrade by analysts.
What analysts cover Teck Resources?: Teck Resources has been rated by research analysts at Benchmark, BMO Capital Markets, CIBC, Eight Capital, JPMorgan Chase & Co., Morgan Stanley, and TD Securities in the past 90 days.
Do Wall Street analysts like Teck Resources more than its competitors?: 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 2.64. Learn more on how TECK compares to other companies.