Teck Resources Limited (TECK)
NYSE: TECK · Real-Time Price · USD
47.19
+0.54 (1.16%)
Nov 21, 2024, 2:39 PM EST - Market open
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 37.44% from the current stock price of 47.19.
Analyst Consensus: Buy
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 2 | 2 | 3 | 3 | 2 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 7 | 8 | 9 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $57 → $55 | Buy | Maintains | $57 → $55 | +16.55% | Oct 25, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $50 | Strong Buy → Hold | Downgrades | $50 | +5.95% | Oct 25, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $54 → $57 | Buy | Maintains | $54 → $57 | +20.79% | Oct 15, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $78 → $79 | Buy | Maintains | $78 → $79 | +67.41% | Oct 8, 2024 |
| UBS | UBS | Hold → Strong Buy Upgrades $76 → $78 | Hold → Strong Buy | Upgrades | $76 → $78 | +65.29% | Sep 4, 2024 |
Financial Forecast
Revenue This Year
13.51B
from 15.01B
Decreased by -10.01%
Revenue Next Year
11.26B
from 13.51B
Decreased by -16.65%
EPS This Year
2.57
from 4.59
Decreased by -44.11%
EPS Next Year
2.55
from 2.57
Decreased by -0.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.3B | 13.2B | 14.0B | ||
| Avg | 13.5B | 11.3B | 11.8B | ||
| Low | 12.7B | 10.0B | 9.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -5.0% | -2.0% | 23.9% | ||
| Avg | -10.0% | -16.6% | 4.8% | ||
| Low | -15.6% | -25.7% | -13.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.94 | 3.92 | 4.49 | ||
| Avg | 2.57 | 2.55 | 3.05 | ||
| Low | 2.20 | 1.88 | 1.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -36.0% | 52.6% | 76.5% | ||
| Avg | -44.1% | -0.8% | 19.9% | ||
| Low | -52.2% | -26.7% | -34.6% |
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.