Teck Resources Limited (TECK)

Teck Resources Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for Teck Resources stock have an average target of 64.86, with a low estimate of 50 and a high estimate of 80. The average target predicts an increase of 38.21% from the current stock price of 46.93.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$50	$64.86	$60	$80
Change	+6.54%	+38.21%	+27.85%	+70.47%

Analyst Ratings

The average analyst rating for Teck Resources stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	3	3	2	2	3	2
Buy	5	5	5	5	5	5
Hold	0	0	0	0	0	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	8	8	7	7	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bill Peterson JP Morgan	JP Morgan	Buy Maintains $57 → $55	Buy	Maintains	$57 → $55	+17.20%	Oct 25, 2024
Abhi Agarwal Deutsche Bank	Deutsche Bank	Strong Buy → Hold Downgrades $50	Strong Buy → Hold	Downgrades	$50	+6.54%	Oct 25, 2024
Bill Peterson JP Morgan	JP Morgan	Buy Maintains $54 → $57	Buy	Maintains	$54 → $57	+21.46%	Oct 15, 2024
Orest Wowkodaw Scotiabank	Scotiabank	Buy Maintains $78 → $79	Buy	Maintains	$78 → $79	+68.34%	Oct 8, 2024
Myles Allsop UBS	UBS	Hold → Strong Buy Upgrades $76 → $78	Hold → Strong Buy	Upgrades	$76 → $78	+66.20%	Sep 4, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

13.62B

Decreased by -9.27%

from 15.01B

Revenue Next Year

11.24B

Decreased by -17.50%

from 13.62B

EPS This Year

2.54

Decreased by -44.63%

from 4.59

EPS Next Year

2.68

Increased by 5.57%

from 2.54

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	11.93B	8.95B	12.77B	17.32B	15.01B	13.62B	11.24B	11.68B
Revenue Growth	-5.01%	-25.02%	42.67%	35.64%	-13.31%	-9.27%	-17.50%	3.93%
EPS	-1.08	-1.62	5.31	6.19	4.59	2.54	2.68	3.06
EPS Growth	-	-	-	16.60%	-25.83%	-44.63%	5.57%	14.04%
Forward PE	-	-	-	-	-	25.67	24.31	21.32
No. Analysts	-	-	-	-	-	19	19	14

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	14.9B	13.2B	14.0B
Avg	13.6B	11.2B	11.7B
Low	12.7B	10.0B	9.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	-0.7%	-2.8%	24.2%
Avg	-9.3%	-17.5%	3.9%
Low	-15.6%	-26.9%	-13.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.03	3.92	4.49
Avg	2.54	2.68	3.06
Low	1.81	1.85	1.67

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-33.9%	54.1%	67.5%
Avg	-44.6%	5.6%	14.0%
Low	-60.5%	-27.1%	-37.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.