Teck Resources Limited (TECK)
NYSE: TECK · IEX Real-Time Price · USD
48.54
+0.39 (0.81%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Teck Resources Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Teck Resources stock have an average target of 56.71, with a low estimate of 48 and a high estimate of 72. The average target predicts an increase of 16.83% from the current stock price of 48.54.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Teck Resources stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 4 | 4 | 4 | 5 | 5 | 5 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $55 → $60 | Buy | Maintains | $55 → $60 | +23.61% | Jun 21, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $44 → $50 | Buy | Maintains | $44 → $50 | +3.01% | Apr 17, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $55 | Buy | Maintains | $55 | +13.31% | Apr 11, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $50 → $52 | Strong Buy | Maintains | $50 → $52 | +7.13% | Apr 8, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $45 → $44 | Buy | Maintains | $45 → $44 | -9.35% | Feb 26, 2024 |
Financial Forecast
Revenue This Year
16.78B
from 15.01B
Increased by 11.75%
Revenue Next Year
12.16B
from 16.78B
Decreased by -27.53%
EPS This Year
3.77
from 4.59
Decreased by -17.84%
EPS Next Year
2.98
from 3.77
Decreased by -21.00%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.1B | 18.4B | 16.7B | 13.1B | 10.4B |
| Avg | 16.8B | 12.2B | 12.1B | 11.7B | 10.1B |
| Low | 15.3B | 9.9B | 10.1B | 10.4B | 9.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.0% | 9.5% | 37.2% | 7.9% | -11.8% |
| Avg | 11.8% | -27.5% | -0.2% | -3.2% | -14.3% |
| Low | 1.6% | -40.8% | -17.2% | -14.6% | -17.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.51 | 4.41 | 4.73 | 3.24 | 2.84 |
| Avg | 3.77 | 2.98 | 3.22 | 2.75 | 2.76 |
| Low | 2.21 | 1.60 | 2.05 | 2.26 | 2.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 41.8% | 16.9% | 58.6% | 0.7% | 3.3% |
| Avg | -17.8% | -21.0% | 8.1% | -14.6% | 0.4% |
| Low | -51.7% | -57.6% | -31.3% | -29.8% | -3.6% |
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.