Teck Resources (TECK) Stock Forecast, Price Target & Predictions
TECK Stock Forecast
Teck Resources stock forecast is as follows: an average price target of $40.31 (represents a -12.99% downside from TECK’s last price of $46.33) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
TECK Price Target
The average price target for Teck Resources (TECK) is $40.31 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $55.70 to $27.00. This represents a potential -12.99% downside from TECK's last price of $46.33.
TECK Analyst Ratings
According to 14 Wall Street analysts, Teck Resources's rating consensus is 'Buy'. The analyst rating breakdown for TECK stock is 1 'Strong Buy' (7.14%), 12 'Buy' (85.71%), 1 'Hold' (7.14%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Teck Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 07, 2022 | Greg Barnes | TD Securities | $55.70 | $38.74 | 43.79% | 20.23% |
| Mar 01, 2022 | Bryce Adams | CIBC | $39.79 | $36.47 | 9.10% | -14.12% |
| Feb 28, 2022 | Alexander Hacking | Citigroup | $41.38 | $35.53 | 16.46% | -10.69% |
| Feb 28, 2022 | Lawson Winder | Bank of America Securities | $51.72 | $35.53 | 45.58% | 11.64% |
| Feb 24, 2022 | Sam Crittenden | RBC Capital | $41.38 | $34.43 | 20.18% | -10.69% |
| Feb 24, 2022 | Matt Murphy | Barclays | $31.83 | $34.43 | -7.55% | -31.30% |
| Jan 31, 2022 | Dalton Baretto | Canaccord Genuity | $37.40 | $30.51 | 22.58% | -19.27% |
| Nov 16, 2021 | Timna Tanners | Wolfe Research | $36.60 | $26.80 | 36.58% | -20.99% |
| Jul 28, 2021 | Nathan Martin | Benchmark Co. | $27.00 | $22.28 | 21.18% | -41.72% |
The latest Teck Resources stock forecast, released on Mar 07, 2022 by Greg Barnes from TD Securities, set a price target of $55.70, which represents a 43.79% increase from the stock price at the time of the forecast ($38.74), and a 20.23% increase from TECK last price ($46.33).
Teck Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $46.33 | $46.33 | $46.33 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Teck Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Teck Resources's last price of $46.33. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | UBS | Neutral | Buy | Upgrade |
| Jul 25, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 25, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 25, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jul 15, 2024 | National Bank | Outperform | Outperform | Hold |
| Jul 15, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Jul 15, 2024 | BMO Capital | - | Outperform | Upgrade |
| Jul 11, 2024 | Eight Capital | - | Neutral | Downgrade |
| Jul 05, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Jun 20, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Teck Resources's last stock rating was published by UBS on Sep 04, 2024. The company Upgrade its TECK rating from "Neutral" to "Buy".
Teck Resources Financial Forecast
Teck Resources Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.79B | $3.14B | $4.67B | $5.79B | $5.03B | $4.41B | $3.97B | $2.56B | $2.55B | $2.56B | $2.29B |
| Avg Forecast | $5.44B | $5.31B | $5.18B | $5.06B | $3.20B | $3.49B | $2.96B | $3.02B | $3.31B | $3.41B | $2.94B | $3.05B | $2.93B | $3.35B | $3.98B | $4.11B | $4.11B | $3.64B | $3.50B | $4.09B | $3.41B | $4.43B | $5.60B | $4.97B | $4.44B | $3.66B | $2.65B | $2.62B | $2.53B | $2.35B |
| High Forecast | $5.58B | $5.45B | $5.32B | $5.19B | $3.28B | $3.58B | $3.04B | $3.10B | $3.39B | $3.50B | $3.02B | $3.13B | $3.01B | $3.91B | $4.08B | $4.22B | $4.32B | $3.71B | $3.59B | $4.20B | $3.50B | $4.54B | $6.15B | $5.46B | $4.88B | $4.01B | $2.91B | $2.88B | $2.78B | $2.58B |
| Low Forecast | $5.13B | $5.01B | $4.89B | $4.77B | $3.02B | $3.29B | $2.79B | $2.85B | $3.12B | $3.21B | $2.77B | $2.88B | $2.76B | $3.01B | $3.75B | $3.88B | $3.98B | $3.55B | $3.30B | $3.86B | $3.22B | $4.17B | $5.15B | $4.57B | $4.08B | $3.36B | $2.44B | $2.41B | $2.33B | $2.16B |
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 6 | 13 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.92% | 1.05% | 1.03% | 1.01% | 0.99% | 1.09% | 0.96% | 0.97% | 1.01% | 0.98% |
Teck Resources's average Quarter revenue forecast for Jun 23 based on 2 analysts is $3.50B, with a low forecast of $3.30B, and a high forecast of $3.59B. TECK's average Quarter revenue forecast represents a -7.59% decrease compared to the company's last Quarter revenue of $3.79B (Mar 23).
Teck Resources EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 6 | 13 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.99B | $933.00M | $1.76B | $3.25B | $2.95B | $2.37B | $1.90B | $819.00M | $909.00M | $466.00M | $511.00M |
| Avg Forecast | $2.08B | $2.03B | $1.98B | $1.93B | $1.22B | $1.33B | $1.13B | $1.15B | $1.26B | $1.30B | $1.12B | $1.17B | $1.12B | $1.28B | $1.52B | $2.85B | $1.57B | $1.39B | $1.34B | $2.59B | $1.30B | $1.18B | $2.14B | $2.77B | $1.70B | $1.40B | $1.01B | $893.00M | $967.41M | $897.77M |
| High Forecast | $2.13B | $2.08B | $2.03B | $1.98B | $1.25B | $1.37B | $1.16B | $1.18B | $1.30B | $1.34B | $1.15B | $1.20B | $1.15B | $1.49B | $1.56B | $3.42B | $1.65B | $1.42B | $1.37B | $3.11B | $1.34B | $1.41B | $2.35B | $3.33B | $1.86B | $1.53B | $1.11B | $1.07B | $1.06B | $985.89M |
| Low Forecast | $1.96B | $1.91B | $1.87B | $1.82B | $1.15B | $1.26B | $1.07B | $1.09B | $1.19B | $1.23B | $1.06B | $1.10B | $1.06B | $1.15B | $1.43B | $2.28B | $1.52B | $1.36B | $1.26B | $2.07B | $1.23B | $941.93M | $1.97B | $2.22B | $1.56B | $1.28B | $931.70M | $714.40M | $889.44M | $825.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.72% | 1.49% | 1.52% | 1.07% | 1.40% | 1.36% | 0.81% | 1.02% | 0.48% | 0.57% |
2 analysts predict TECK's average Quarter EBITDA for Jun 23 to be $1.34B, with a high of $1.37B and a low of $1.26B. This is -32.79% lower than Teck Resources's previous annual EBITDA (Mar 23) of $1.99B.
Teck Resources Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 6 | 13 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.14B | $266.00M | $-222.00M | $1.68B | $1.57B | $1.52B | $816.00M | $260.00M | $305.00M | $-473.00M | $25.00M |
| Avg Forecast | $491.97M | $575.45M | $574.93M | $587.34M | $366.75M | $293.47M | $300.61M | $316.68M | $377.62M | $377.96M | $332.05M | $357.05M | $258.26M | $268.69M | $377.12M | $1.54B | $774.34M | $551.13M | $631.52M | $1.40B | $650.75M | $545.27M | $1.72B | $1.50B | $1.29B | $753.39M | $347.59M | $305.00M | $196.35M | $131.89M |
| High Forecast | $508.59M | $594.89M | $594.36M | $607.18M | $379.15M | $303.38M | $310.77M | $327.39M | $390.38M | $390.73M | $343.27M | $369.11M | $266.99M | $683.93M | $389.86M | $1.85B | $881.68M | $833.41M | $652.85M | $1.68B | $672.74M | $654.33M | $1.94B | $1.80B | $1.46B | $849.53M | $391.95M | $366.00M | $221.41M | $148.72M |
| Low Forecast | $455.62M | $532.94M | $532.46M | $543.95M | $339.66M | $271.79M | $278.40M | $293.29M | $349.73M | $350.04M | $307.52M | $330.67M | $239.18M | $134.34M | $349.26M | $1.23B | $590.34M | $356.22M | $584.86M | $1.12B | $602.68M | $436.22M | $1.54B | $1.20B | $1.16B | $674.44M | $311.17M | $244.00M | $175.77M | $118.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 0.41% | -0.41% | 0.97% | 1.05% | 1.18% | 1.08% | 0.75% | 1.00% | -2.41% | 0.19% |
Teck Resources's average Quarter net income forecast for Jun 23 is $631.52M, with a range of $584.86M to $652.85M. TECK's average Quarter net income forecast represents a -44.60% decrease compared to the company's last Quarter net income of $1.14B (Mar 23).
Teck Resources SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 6 | 13 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $89.00M | $171.00M | $87.00M | $55.00M | $160.00M | $102.00M | $74.00M | $68.00M | $55.00M | $80.00M | $51.00M |
| Avg Forecast | $121.33M | $118.42M | $115.58M | $112.81M | $71.30M | $77.83M | $66.03M | $67.39M | $73.75M | $76.01M | $65.56M | $68.10M | $65.34M | $74.77M | $88.66M | $157.21M | $91.65M | $81.09M | $78.01M | $142.92M | $76.06M | $49.45M | $124.97M | $152.86M | $99.04M | $81.53M | $59.14M | $55.00M | $56.46M | $52.39M |
| High Forecast | $124.48M | $121.49M | $118.58M | $115.74M | $73.15M | $79.86M | $67.74M | $69.14M | $75.67M | $77.98M | $67.26M | $69.87M | $67.04M | $87.13M | $90.96M | $188.66M | $96.36M | $82.66M | $80.04M | $171.51M | $78.03M | $59.34M | $137.23M | $183.43M | $108.76M | $89.53M | $64.94M | $66.00M | $62.00M | $57.53M |
| Low Forecast | $114.43M | $111.69M | $109.01M | $106.40M | $67.25M | $73.41M | $62.27M | $63.56M | $69.56M | $71.69M | $61.83M | $64.23M | $61.62M | $67.10M | $83.62M | $125.77M | $88.70M | $79.25M | $73.58M | $114.34M | $71.74M | $39.56M | $114.89M | $122.29M | $91.05M | $74.95M | $54.37M | $44.00M | $51.91M | $48.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | 2.25% | 1.76% | 0.44% | 1.05% | 1.03% | 0.91% | 1.15% | 1.00% | 1.42% | 0.97% |
Teck Resources's average Quarter SG&A projection for Jun 23 is $78.01M, based on 2 Wall Street analysts, with a range of $73.58M to $80.04M. The forecast indicates a -12.35% fall compared to TECK last annual SG&A of $89.00M (Mar 23).
Teck Resources EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 6 | 13 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.22 | $0.52 | $-0.42 | $3.12 | $2.93 | $2.85 | $1.53 | $0.49 | $0.57 | $-0.89 | $0.11 |
| Avg Forecast | $0.94 | $1.10 | $1.10 | $1.12 | $0.70 | $0.56 | $0.57 | $0.60 | $0.72 | $0.72 | $0.63 | $0.68 | $0.49 | $0.51 | $0.72 | $0.85 | $1.48 | $1.05 | $1.21 | $1.84 | $1.24 | $1.65 | $3.28 | $2.87 | $2.47 | $1.44 | $0.66 | $0.63 | $0.37 | $0.25 |
| High Forecast | $0.97 | $1.14 | $1.13 | $1.16 | $0.72 | $0.58 | $0.59 | $0.63 | $0.75 | $0.75 | $0.66 | $0.70 | $0.51 | $1.31 | $0.74 | $0.88 | $1.68 | $1.59 | $1.25 | $1.90 | $1.28 | $1.70 | $3.70 | $3.24 | $2.78 | $1.62 | $0.75 | $0.72 | $0.42 | $0.28 |
| Low Forecast | $0.87 | $1.02 | $1.02 | $1.04 | $0.65 | $0.52 | $0.53 | $0.56 | $0.67 | $0.67 | $0.59 | $0.63 | $0.46 | $0.26 | $0.67 | $0.78 | $1.13 | $0.68 | $1.12 | $1.70 | $1.15 | $1.53 | $2.94 | $2.57 | $2.21 | $1.29 | $0.59 | $0.57 | $0.34 | $0.23 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | 0.42% | -0.25% | 0.95% | 1.02% | 1.15% | 1.06% | 0.74% | 0.90% | -2.37% | 0.44% |
According to 2 Wall Street analysts, Teck Resources's projected average Quarter EPS for Jun 23 is $1.21, with a low estimate of $1.12 and a high estimate of $1.25. This represents a -45.69% decrease compared to TECK previous annual EPS of $2.22 (Mar 23).
Teck Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LAC | Lithium Americas | $2.39 | $23.02 | 863.18% | Buy |
| VALE | Vale | $10.51 | $19.82 | 88.58% | Buy |
| PLL | Piedmont Lithium | $7.42 | $12.15 | 63.75% | Hold |
| MP | MP Materials | $13.80 | $22.42 | 62.46% | Buy |
| RIO | Rio Tinto Group | $62.55 | $93.25 | 49.08% | Buy |
| BHP | BHP Group | $52.89 | $52.20 | -1.30% | Hold |
| TECK | Teck Resources | $46.33 | $40.31 | -12.99% | Buy |
TECK Forecast FAQ
Is Teck Resources a good buy?
Yes, according to 14 Wall Street analysts, Teck Resources (TECK) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 12 'Buy' recommendations, accounting for 92.86% of TECK's total ratings.
What is TECK's price target?
Teck Resources (TECK) average price target is $40.31 with a range of $27 to $55.7, implying a -12.99% from its last price of $46.33. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Teck Resources stock go up soon?
According to Wall Street analysts' prediction for TECK stock, the company can go down by -12.99% (from the last price of $46.33 to the average price target of $40.31), up by 20.23% based on the highest stock price target, and down by -41.72% based on the lowest stock price target.
Can Teck Resources stock reach $70?
TECK's average twelve months analyst stock price target of $40.31 does not support the claim that Teck Resources can reach $70 in the near future.
What are Teck Resources's analysts' financial forecasts?
Teck Resources's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $12.67B (high $13B, low $11.95B), average EBITDA is $4.84B (high $4.97B, low $4.57B), average net income is $1.28B (high $1.32B, low $1.18B), average SG&A $282.55M (high $289.89M, low $266.49M), and average EPS is $2.44 (high $2.52, low $2.26). TECK's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $20.99B (high $21.54B, low $19.8B), average EBITDA is $8.02B (high $8.23B, low $7.57B), average net income is $2.23B (high $2.31B, low $2.06B), average SG&A $468.13M (high $480.29M, low $441.53M), and average EPS is $4.26 (high $4.4, low $3.94).
Did the TECK's actual financial results beat the analysts' financial forecasts?
Based on Teck Resources's last annual report (Dec 2022), the company's revenue was $17.32B, which missed the average analysts forecast of $18.41B by -5.96%. Apple's EBITDA was $8.49B, beating the average prediction of $7.39B by 14.87%. The company's net income was $3.32B, missing the average estimation of $4.42B by -24.88%. Apple's SG&A was $472M, beating the average forecast of $403.33M by 17.03%. Lastly, the company's EPS was $6.3, missing the average prediction of $9.04 by -30.33%. In terms of the last quarterly report (Mar 2023), Teck Resources's revenue was $3.78B, missing the average analysts' forecast of $4.09B by -7.44%. The company's EBITDA was $1.99B, missing the average prediction of $2.59B by -23.24%. Teck Resources's net income was $1.14B, missing the average estimation of $1.4B by -18.76%. The company's SG&A was $89M, missing the average forecast of $142.92M by -37.73%. Lastly, the company's EPS was $2.22, beating the average prediction of $1.84 by 20.92%