Teck Resources Limited (TECK)
NYSE: TECK · Real-Time Price · USD
40.94
+0.95 (2.38%)
Dec 20, 2024, 4:00 PM EST - 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 64.86, with a low estimate of 50 and a high estimate of 80. The average target predicts an increase of 58.43% from the current stock price of 40.94.
Analyst Consensus: Buy
* Price targets were last updated on Oct 25, 2024.
Analyst Ratings
The average analyst rating for Teck Resources stock from 7 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 2 |
| Buy | 5 | 5 | 5 | 5 | 5 | 4 |
| Hold | 0 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 8 | 9 | 9 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $57 → $55 | Buy | Maintains | $57 → $55 | +34.34% | Oct 25, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy → Hold Downgrades $50 | Strong Buy → Hold | Downgrades | $50 | +22.13% | Oct 25, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $54 → $57 | Buy | Maintains | $54 → $57 | +39.23% | Oct 15, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $78 → $79 | Buy | Maintains | $78 → $79 | +92.97% | Oct 8, 2024 |
| UBS | UBS | Hold → Strong Buy Upgrades $76 → $78 | Hold → Strong Buy | Upgrades | $76 → $78 | +90.52% | Sep 4, 2024 |
Financial Forecast
Revenue This Year
13.53B
from 15.01B
Decreased by -9.88%
Revenue Next Year
11.34B
from 13.53B
Decreased by -16.21%
EPS This Year
2.53
from 4.59
Decreased by -44.87%
EPS Next Year
2.51
from 2.53
Decreased by -0.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.5B | 13.2B | 14.0B | ||
| Avg | 13.5B | 11.3B | 11.9B | ||
| Low | 12.7B | 10.0B | 9.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -3.1% | -2.2% | 23.1% | ||
| Avg | -9.9% | -16.2% | 4.7% | ||
| Low | -15.6% | -25.8% | -13.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 2.89 | 3.92 | 4.32 | |||
| Avg | 2.53 | 2.51 | 2.92 | |||
| Low | 2.20 | 1.63 | 1.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -37.1% | 54.8% | 72.1% | |||
| Avg | -44.9% | -0.9% | 16.5% | |||
| Low | -52.2% | -35.7% | -33.6% |
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.