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

C$65.63

+2.46 (+3.89%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Competitors Headlines

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

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 "Buy." Out of the 11 analysts, 11 have given a buy rating for TECK.B.

Consensus Price Target

C$77.00
17.32% Upside

High Forecast	C$88.00
Average Forecast	C$77.00
Low Forecast	C$59.00

According to the 11 analysts' twelve-month price targets for Teck Resources, the average price target is C$77.00. The highest price target for TECK.B is C$88.00, while the lowest price target for TECK.B is C$59.00. The average price target represents a forecasted upside of 17.32% from the current price of C$65.63.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Buy	Buy	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	11 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$77.00	C$74.64	C$72.50	C$63.64
Forecasted Upside	17.32% Upside	20.25% Upside	24.18% Upside	17.22% Upside

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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.

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.

Teck Resources Stock vs. The Competition

Type	Teck Resources	Basic Materials Companies
Consensus Rating Score	3.00	2.64
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Negative News	Neutral 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	JPMorgan Chase & Co. 3 of 5 stars		Lower Target		C$76.00 ➝ C$74.00	+16.87%
7/25/2024	Scotiabank 5 of 5 stars		Lower Target		C$85.00 ➝ C$84.00	+32.66%
7/25/2024	Raymond James 4 of 5 stars		Lower Target		C$71.00 ➝ C$70.00	+10.55%
7/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$80.00 ➝ C$77.00	+21.60%
7/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$91.00 ➝ C$88.00	+38.98%
7/22/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$80.00 ➝ C$76.00	+19.82%
Get the Latest News and Ratings for TECK.B 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.
7/16/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$78.00 ➝ C$80.00	+18.08%
7/15/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$82.50 ➝ C$86.00	+23.96%
7/12/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$80.00	+15.21%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$72.00 ➝ C$75.00	+11.11%
7/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$80.00 ➝ C$85.00	+27.61%
7/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$88.00 ➝ C$87.00	+25.52%
1/23/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$72.00 ➝ C$59.00	+12.66%
1/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$64.00 ➝ C$63.00	+26.74%
11/13/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$68.00 ➝ C$71.00	+40.93%
4/17/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$48.00 ➝ C$50.00	-22.24%
2/22/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$55.00 ➝ C$64.00	+11.81%
12/9/2022	Morgan 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 Rating	Overweight	C$43.00	-15.07%
10/17/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matt Murphy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight	C$59.00 ➝ C$64.00	+41.00%
7/26/2022	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$68.00 ➝ C$63.00	+84.00%
7/26/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$63.00	+83.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:02 PM ET.

TECK.B 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 C$77.00, with a high forecast of C$88.00 and a low forecast of C$59.00.
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 twelve months. There are currently 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TECK.B shares.
Does Teck Resources's stock price have much upside?: According to analysts, Teck Resources's stock has a predicted upside of 23.54% based on their 12-month stock forecasts.
What analysts cover Teck Resources?: Teck Resources has been rated by research analysts at Bank of America, BMO Capital Markets, Canaccord Genuity Group, CIBC, Eight Capital, Jefferies Financial Group, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, 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 for Teck Resources is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how TECK.B compares to other companies.