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Teck Resources (TECK) Stock Forecast & Price Target

$51.36
+0.97 (+1.92%)
(As of 05/24/2024 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 8 Analyst Ratings

Consensus Price Target

$53.60
4.35% Upside
High Forecast$63.00
Average Forecast$53.60
Low Forecast$48.00
TypeCurrent Forecast
5/26/23 to 5/25/24
1 Month Ago
4/26/23 to 4/25/24
3 Months Ago
2/25/23 to 2/25/24
1 Year Ago
5/26/22 to 5/26/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
8 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$53.60$53.60$51.60$46.25
Forecasted Upside4.35% Upside20.59% Upside35.02% Upside23.29% 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.
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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
2.88
2.59
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside4.35% Upside413.63% Upside9.91% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/17/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$44.00 ➝ $50.00+5.62%
4/11/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$55.00+12.91%
4/8/2024Benchmark
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 Boost TargetBuy ➝ Buy$50.00 ➝ $52.00+10.17%
1/16/2024UBS Group
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 Initiated CoverageBuy
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%
10/17/2023Scotiabank
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O. Wowkodaw
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DowngradeSector Outperform ➝ Sector Perform
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
4/27/2023CIBC
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 Boost TargetC$65.00 ➝ C$76.00
4/27/2023TD Securities
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 Lower TargetC$80.00 ➝ C$78.00
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
1/31/2023BMO Capital Markets
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 Lower TargetC$48.00 ➝ C$45.00
1/11/2023Citigroup
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 Boost TargetC$45.00 ➝ C$55.00
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
7/26/2022Credit Suisse Group
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 Lower TargetC$68.00 ➝ C$63.00
6/14/2022Clarkson Capital
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D. Scott
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Reiterated RatingNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:48 AM ET.

TECK Frequently Asked Questions

What is Teck Resources's stock forecast and purchase recommendation?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Teck Resources is $53.60, with a high forecast of $63.00 and a low forecast of $48.00. The consensus rating for Teck Resources stock is Moderate Buy based on the current 1 hold rating and 7 buy ratings for TECK. Learn more on TECK's analyst rating history.

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 2.88 while the average consensus rating score for "basic materials" companies is 2.59. Learn more on how TECK compares to other companies.

Does Teck Resources's stock price have much upside?

According to analysts, Teck Resources's stock has a predicted upside of 20.59% based on their 12-month stock forecasts.

What analysts cover Teck Resources?

Teck Resources has been rated by research analysts at Benchmark, JPMorgan Chase & Co., and Morgan Stanley in the past 90 days.


Stock Forecasts and Research Tools

This page (NYSE:TECK) was last updated on 5/25/2024 by MarketBeat.com Staff

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