Free Trial

Teck Resources (TECK) Stock Forecast & Price Target

$46.78
+0.81 (+1.76%)
(As of 07/19/2024 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

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

$61.00
30.40% Upside
High Forecast$80.00
Average Forecast$61.00
Low Forecast$50.00

According to the 11 analysts' twelve-month price targets for Teck Resources, the average price target is $61.00. The highest price target for TECK is $80.00, while the lowest price target for TECK is $50.00. The average price target represents a forecasted upside of 30.40% from the current price of $46.78.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
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)
7 Buy rating(s)
Hold
2 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$61.00$53.60$53.60$49.25
Forecasted Upside30.40% Upside20.59% Upside20.59% Upside29.71% Upside
Get Teck Resources Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for TECK and its competitors with MarketBeat's FREE daily newsletter.

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Teck Resources Stock vs. The Competition

TypeTeck ResourcesBasic Materials CompaniesS&P 500
Consensus Rating Score
2.91
2.63
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside30.40% Upside390.30% Upside10.04% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024TD Securities
4 of 5 stars
G. Barnes
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
7/15/2024BMO Capital Markets
3 of 5 stars
J. Przybylowski
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageHold ➝ Outperform
7/12/2024CIBC
3 of 5 stars
 Boost TargetOutperformer ➝ Outperformer$70.00 ➝ $80.00+56.53%
7/11/2024Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
R. Profiti
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeStrong-Buy ➝ Hold
6/21/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$55.00 ➝ $60.00+24.92%
4/17/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetOverweight ➝ Overweight$44.00 ➝ $50.00+5.62%
4/8/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$50.00 ➝ $52.00+10.17%
1/16/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy
11/10/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradePeer Perform ➝ Outperform
10/26/2023B. Riley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$78.00 ➝ $63.00+77.36%
10/17/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
O. Wowkodaw
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeSector Outperform ➝ Sector Perform
7/27/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSector Perform ➝ Outperform
7/10/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$72.00 ➝ C$68.00
7/5/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$46.00 ➝ $48.00+12.94%
5/3/2023888
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains
4/27/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$69.00
4/20/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$70.00 ➝ C$80.00
4/3/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$65.00 ➝ C$62.00
2/22/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$64.00 ➝ C$72.00
1/11/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$45.00 ➝ C$55.00
10/28/2022Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Dalton Baretto
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeBuy ➝ HoldC$51.00 ➝ C$46.00
10/17/2022Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$40.00 ➝ C$47.00
7/26/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$68.00 ➝ C$63.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:27 PM 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 $61.00, with a high forecast of $80.00 and a low forecast of $50.00.

Should I buy or sell Teck Resources stock right now?

11 Wall Street 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 research 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 34.79% 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 BMO Capital Markets, CIBC, Eight Capital, 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 2.63. Learn more on how TECK compares to other companies.


This page (NYSE:TECK) was last updated on 7/20/2024 by MarketBeat.com Staff

From Our Partners