Free Trial

Teck Resources (TECK.B) Stock Forecast & Price Target

Teck Resources logo
C$63.69 -0.71 (-1.10%)
(As of 02:04 PM ET)

Teck Resources - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
0
Hold
1
Buy
11

Based on 12 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 12 analysts, 1 has given a hold rating, and 11 have given a buy rating for TECK.B.

Consensus Price Target

C$77.13
21.11% Upside
According to the 12 analysts' twelve-month price targets for Teck Resources, the average price target is C$77.13. The highest price target for TECK.B is C$90.00, while the lowest price target for TECK.B is C$59.00. The average price target represents a forecasted upside of 21.11% from the current price of C$63.69.
Get the Latest News and Ratings for TECK.B and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Teck Resources and its competitors.

Sign Up

TECK.B Analyst Ratings Over Time

TypeCurrent Forecast
12/6/23 to 12/5/24
1 Month Ago
11/6/23 to 11/5/24
3 Months Ago
9/7/23 to 9/6/24
1 Year Ago
12/6/22 to 12/6/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
12 Buy rating(s)
11 Buy rating(s)
12 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$77.13C$76.63C$76.60C$63.88
Forecasted Upside21.11% Upside13.40% Upside29.81% Upside28.15% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Buy

TECK.B 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.B 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 Companies
Consensus Rating Score
2.92
2.77
Consensus RatingModerate BuyModerate Buy
News Sentiment Rating
Neutral News

See Recent TECK.B News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/6/2024Raymond James
4 of 5 stars
 Boost TargetC$74.00 ➝ C$75.00+9.46%
11/6/2024Scotiabank
5 of 5 stars
 Boost TargetC$74.00 ➝ C$75.00+9.46%
10/25/2024Canaccord Genuity Group
4 of 5 stars
 Lower TargetC$80.00 ➝ C$78.00+18.38%
10/25/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$80.00 ➝ C$78.00+18.38%
10/25/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$78.00 ➝ C$76.00+15.34%
10/15/2024National Bankshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$86.00 ➝ C$90.00+31.58%
10/2/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutralC$64.00 ➝ C$74.00+4.61%
9/10/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperformC$88.00 ➝ C$85.00+41.93%
7/25/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$80.00 ➝ C$77.00+21.60%
7/16/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$78.00 ➝ C$80.00+18.08%
7/11/2024Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$72.00 ➝ C$75.00+11.11%
7/8/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$80.00 ➝ C$85.00+27.61%
7/5/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$88.00 ➝ C$87.00+25.52%
1/23/2024B. Riley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuyC$72.00 ➝ C$59.00+12.66%
1/17/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$64.00 ➝ C$63.00+26.74%
11/13/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuyC$68.00 ➝ C$71.00+40.93%
4/17/2023Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$48.00 ➝ C$50.00-22.24%
12/9/2022Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Carlos De Alba
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOverweightC$43.00-15.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:19 PM ET.


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

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 Tuesday, November 26, 2024. Please send any questions or comments about these Teck Resources pros and cons to contact@marketbeat.com.

Teck Resources
Bull Case

green Wall Street bull icon

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

  • Teck Resources Ltd has a strong market capitalization of C$33.40 billion, indicating a solid position in the market and potential for growth.
  • The company has received a consensus rating of "Moderate Buy" from analysts, with twelve analysts issuing buy ratings, suggesting positive sentiment towards its future performance.
  • Recent trading activity shows the stock price at C$65.23, which is below its fifty-day moving average of C$66.31, potentially indicating a buying opportunity for investors looking for undervalued stocks.
  • Teck Resources Ltd operates in multiple segments, including Steelmaking, Coal, Copper, and Zinc, which diversifies its revenue streams and reduces reliance on any single commodity.
  • The company has a relatively low debt-to-equity ratio of 37.46, suggesting a manageable level of debt compared to its equity, which can be a positive indicator for financial stability.

Teck Resources
Bear Case

red Wall Street bear icon

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

  • The stock has recently crossed below its fifty-day moving average, which can be a bearish signal indicating potential further declines in stock price.
  • Analysts have adjusted target prices downward, with Royal Bank of Canada lowering its target from C$88.00 to C$85.00, which may reflect concerns about the company's near-term performance.
  • The company has a P/E ratio of 23.38, which may be considered high compared to industry averages, suggesting that the stock could be overvalued.
  • Teck Resources Ltd operates in the volatile commodities market, where prices can fluctuate significantly, impacting revenue and profitability.
  • The P/E/G ratio of -0.38 indicates that the company may not be growing at a rate that justifies its current valuation, which could deter growth-focused investors.

TECK.B Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Teck Resources is C$77.13, with a high forecast of C$90.00 and a low forecast of C$59.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There is currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TECK.B shares.

According to analysts, Teck Resources's stock has a predicted upside of 21.11% based on their 12-month stock forecasts.

Teck Resources has been rated by research analysts at Canaccord Genuity Group, CIBC, Citigroup, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, and Scotiabank in the past 90 days.

Analysts like Teck Resources more than other "basic materials" companies. The consensus rating score for Teck Resources is 2.92 while the average consensus rating score for "basic materials" companies is 2.77. Learn more on how TECK.B compares to other companies.


This page (TSE:TECK.B) was last updated on 12/5/2024 by MarketBeat.com Staff
From Our Partners