Should I buy or sell Teck Resources stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TECK.B shares. View TECK.B analyst ratings or view top-rated stocks .

What is Teck Resources' stock price target for 2024?

11 Wall Street analysts have issued 12 month price objectives for Teck Resources' stock. Their TECK.B share price targets range from C$59.00 to C$88.00. On average, they anticipate the company's share price to reach C$71.29 in the next year. This suggests a possible upside of 8.4% from the stock's current price. View analysts price targets for TECK.B or view top-rated stocks among Wall Street analysts .

How have TECK.B shares performed in 2024?

Teck Resources' stock was trading at C$56.01 on January 1st, 2024. Since then, TECK.B stock has increased by 17.4% and is now trading at C$65.74. View the best growth stocks for 2024 here .

Is Teck Resources a good dividend stock?

Teck Resources (TSE:TECK.B) pays an annual dividend of C$0.50 per share and currently has a dividend yield of 0.79%. The dividend payout ratio is 10.78%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for TECK.B .

How do I buy shares of Teck Resources?

Shares of TECK.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:TECK.B

Teck Resources (TECK.B) Stock Price, News & Analysis

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Free TECK.B Stock Alerts

C$65.74

+0.73 (+1.12%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$64.99
▼
C$66.50
50-Day Range: C$49.81
▼
C$67.53
52-Week Range: C$47.47
▼
C$69.41

Volume: 1.01 million shs
Average Volume: 1.06 million shs
Market Capitalization: C$33.56 billion

P/E Ratio: 14.17
Dividend Yield: 0.76%
Price Target: C$71.29

Stock Analysis Analyst Forecasts Chart Competitors Headlines

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Teck Resources MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 8.4% Upside
C$71.29 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.64
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.68 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
Teck Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 11 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Teck Resources has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for TECK.B.

0.8

Dividend Strength

Dividend Yield
Teck Resources has a dividend yield of 0.79%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Teck Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Teck Resources is 10.78%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TECK.B.

2.6

News and Social Media Coverage

News Sentiment
Teck Resources has a news sentiment score of 0.64. 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 higher news sentiment than the 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Teck Resources this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for TECK.B on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Teck Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

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 0.95% of the stock of Teck Resources is held by insiders.
Percentage Held by Institutions
77.79% of the stock of Teck Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Teck Resources is 14.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Teck Resources is 14.17, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.27.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Teck Resources, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Teck Resources has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Teck Resources Stock (TSE:TECK.B)

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates. It also produces molybdenum, gold, silver, germanium, indium, mercury, and cadmium, as well as chemicals, industrial products, and fertilizers. In addition, the company holds interest in oil sands projects and other interests in the Athabasca region of Alberta; and owns interest in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. 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 1906 and is headquartered in Vancouver, Canada.

TECK.B Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TECK.B Stock News Headlines

April 18, 2024 | americanbankingnews.com

Teck Resources (TSE:TECK.B) Given New C$75.00 Price Target at Canaccord Genuity Group

April 16, 2024 | juniorminingnetwork.com

GSP Resource Enters into Agreement to Acquire Additional 185 Hectares of Claims Adjacent to Highland Valley Copper Mine

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Jefferies Financial Group Raises Teck Resources (TSE:TECK.B) Price Target to C$80.00

April 13, 2024 | finance.yahoo.com

TECK Apr 2024 52.000 call

April 13, 2024 | finance.yahoo.com

TECK Apr 2024 50.000 put

April 10, 2024 | americanbankingnews.com

Teck Resources (TSE:TECK.B) Price Target Increased to C$88.00 by Analysts at Bank of America

March 20, 2024 | finance.yahoo.com

TECK Mar 2024 43.500 put

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March 19, 2024 | msn.com

Cleanup of Teck's Elk Valley could cost at least C$6.4B, environmental group says

March 11, 2024 | msn.com

U.S., Canada agree to work together on reducing B.C. coal mine pollution

March 11, 2024 | theglobeandmail.com

Canada, U.S. governments reach deal to address cross-border coal pollution

March 9, 2024 | finance.yahoo.com

TECK Mar 2024 42.500 call

February 23, 2024 | msn.com

Record copper production for Teck as B.C. miner preps for coal division sale

February 22, 2024 | msn.com

Teck Resources reports Q4 profit up and record copper production

February 22, 2024 | markets.businessinsider.com

Teck Announces Base Dividend and Authorizes up to $500 Million Share Buyback

February 21, 2024 | theglobeandmail.com

As B.C. bets on mining to meet climate goals, taxpayers are at risk to cover cleanup costs

February 21, 2024 | msn.com

Glencore’s 2023 earnings halve on lower commodity prices

February 13, 2024 | finance.yahoo.com

TECK Feb 2024 41.500 put

February 9, 2024 | theglobeandmail.com

Stocks Flat by Noon

January 16, 2024 | theglobeandmail.com

Market movers: Why FM-T, ABX-T, TECK-B-T are seeing action on Tuesday

January 16, 2024 | finanznachrichten.de

Teck Resources Ltd: Teck Announces 2023 Production and 2024 Guidance Update

January 4, 2024 | ca.investing.com

Teck Resources closes sale of coal business stakes to Nippon Steel, Posco

January 4, 2024 | msn.com

Teck Resources says Quebrada Blanca copper production below guidance for 2023

January 4, 2024 | finanznachrichten.de

Teck Resources Ltd: Teck Provides Update on QB and Q4 2023 Steelmaking Coal Sales and Pricing

January 4, 2024 | finanznachrichten.de

Teck Resources Ltd: Teck Announces Completion of Sale of Minority Interest in Steelmaking Coal Business

December 30, 2023 | ca.finance.yahoo.com

TECK Jan 2024 41.000 call

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Sub-Industry: N/A
Current Symbol: TSE:TECK.B
Previous Symbol: TSE:TECK-B
CUSIP: N/A
CIK: N/A
Web: www.teck.com
Phone: +1-604-6994000
Fax: N/A
Employees: 10,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$71.29
High Stock Price Target: C$88.00
Low Stock Price Target: C$59.00
Potential Upside/Downside: +8.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$4.64
Trailing P/E Ratio: 14.17
Forward P/E Ratio: 11.74
P/E Growth: -0.38
Net Income: C$2.44 billion
Net Margins: 16.05%
Pretax Margin: N/A
Return on Equity: 8.52%
Return on Assets: 4.29%

Debt

Debt-to-Equity Ratio: 39.21
Current Ratio: 1.10
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: C$15.01 billion
Price / Sales: 2.24
Cash Flow: C$6.69 per share
Price / Cash Flow: 9.82
Book Value: C$52.12 per share
Price / Book: 1.26

Miscellaneous

Outstanding Shares: 510,530,000
Free Float: N/A
Market Cap: C$33.56 billion
Optionable: Not Optionable
Beta: 1.44

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Key Executives

Mr. Donald R. Lindsay B.Sc. Honours (Age 60)
M.B.A, Pres, CEO & Director
Mr. Ronald A. Millos CA (Age 62)
Sr. VP of Fin. & CFO
Mr. Peter C. Rozee
Sr. VP of Commercial & Legal Affairs
Mr. Andrew J. Golding
Sr. VP of Corp. Devel.
Ms. Marcia M. Smith
Sr. VP of Sustainability & External Affairs

Key Competitors

View All Competitors

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

Pros

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

Teck Resources Ltd has a diverse portfolio of natural resources across different regions, providing geographical diversification which can help mitigate risks associated with a single market or region.
The company's strong presence in steelmaking coal, copper, zinc, and energy products positions it well to benefit from the demand for these essential commodities in various industries.
Teck Resources Ltd has received positive recommendations from multiple brokerages, indicating confidence in the company's growth potential and financial performance.
With a market capitalization of C$32.01 billion, Teck Resources Ltd is a significant player in the industry, offering investors exposure to a large and established company.
Teck Resources Ltd's current stock price of C$62.76 reflects investor confidence and positive sentiment towards the company's future prospects.

Cons

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

Teck Resources Ltd operates in a cyclical industry, which can be influenced by fluctuations in commodity prices, leading to potential volatility in the company's financial performance.
The company's high debt-to-equity ratio of 39.21 may raise concerns about its financial leverage and ability to manage debt obligations effectively, impacting its overall financial health.
While Teck Resources Ltd has a diverse product portfolio, exposure to multiple sectors can also increase operational complexities and risks associated with managing different business segments.
The company's price-to-earnings-growth ratio of -0.38 may indicate that investors are paying a premium for the company's growth prospects, potentially affecting the stock's valuation.
Investors should consider the impact of global economic conditions and geopolitical factors on Teck Resources Ltd's operations, as external factors can influence the company's performance and profitability.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

TECK.B Stock Analysis - Frequently Asked Questions

Should I buy or sell Teck Resources stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TECK.B shares.
View TECK.B analyst ratings or view top-rated stocks.
What is Teck Resources' stock price target for 2024?: 11 Wall Street analysts have issued 12 month price objectives for Teck Resources' stock. Their TECK.B share price targets range from C$59.00 to C$88.00. On average, they anticipate the company's share price to reach C$71.29 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
View analysts price targets for TECK.B or view top-rated stocks among Wall Street analysts.
How have TECK.B shares performed in 2024?: Teck Resources' stock was trading at C$56.01 on January 1st, 2024. Since then, TECK.B stock has increased by 17.4% and is now trading at C$65.74.
View the best growth stocks for 2024 here.

Is Teck Resources a good dividend stock?: Teck Resources (TSE:TECK.B) pays an annual dividend of C$0.50 per share and currently has a dividend yield of 0.79%. The dividend payout ratio is 10.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TECK.B.
How do I buy shares of Teck Resources?: Shares of TECK.B stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TECK.B) was last updated on 4/19/2024 by MarketBeat.com Staff

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Teck Resources (TECK.B) Stock Price, News & Analysis

Teck Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Teck Resources Stock (TSE:TECK.B)

TECK.B Stock Price History

TECK.B Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

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

Pros

Cons

TECK.B Stock Analysis - Frequently Asked Questions

Overall MarketRank^™