Teck Resources Limited (TECK)
NYSE: TECK · IEX Real-Time Price · USD
45.12
-0.74 (-1.62%)
Apr 23, 2024, 12:03 PM EDT - 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 56, with a low estimate of 48 and a high estimate of 72. The average target predicts an increase of 24.13% from the current stock price of 45.12.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 4 | 4 | 4 | 4 | 4 | 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 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $44 → $50 | Buy | Maintains | $44 → $50 | +10.83% | Apr 17, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $55 | Buy | Maintains | $55 | +21.91% | Apr 11, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $50 → $52 | Strong Buy | Maintains | $50 → $52 | +15.26% | Apr 8, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $45 → $44 | Buy | Maintains | $45 → $44 | -2.47% | Feb 26, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $50 | Strong Buy | Reiterates | $50 | +10.83% | Jan 22, 2024 |
Financial Forecast
Revenue This Year
16.61B
from 15.01B
Increased by 10.63%
Revenue Next Year
12.46B
from 16.61B
Decreased by -24.98%
EPS This Year
4.55
from 4.59
Decreased by -0.81%
EPS Next Year
3.44
from 4.55
Decreased by -24.46%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 19.5B | 18.7B | 16.4B | 12.4B |
| Avg | 16.6B | 12.5B | 11.6B | 10.9B |
| Low | 14.6B | 9.6B | 9.1B | 9.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 29.7% | 12.5% | 32.0% | 7.1% |
| Avg | 10.6% | -25.0% | -7.2% | -6.1% |
| Low | -3.1% | -42.1% | -27.2% | -19.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 7.16 | 6.57 | 5.15 | 3.76 |
| Avg | 4.55 | 3.44 | 3.38 | 2.63 |
| Low | 2.93 | 1.98 | 1.97 | 1.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 56.0% | 44.4% | 49.6% | 11.3% |
| Avg | -0.8% | -24.5% | -1.8% | -22.0% |
| Low | -36.2% | -56.5% | -42.7% | -49.8% |
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.