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Teck Resources Ltd has a consensus price target of $57.46 based on the ratings of 14 analysts. The high is $80 issued by CIBC on July 12, 2024. The low is $40 issued by Citigroup on September 29, 2021. The 3 most-recent analyst ratings were released by UBS, Benchmark, and JP Morgan on September 4, 2024, July 25, 2024, and July 25, 2024, respectively. With an average price target of $62.33 between UBS, Benchmark, and JP Morgan, there's an implied 27.44% upside for Teck Resources Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Teck Resources (NYSE:TECK) was reported by UBS on September 4, 2024. The analyst firm set a price target for $78.00 expecting TECK to rise to within 12 months (a possible 59.48% upside). 18 analyst firms have reported ratings in the last year.
The latest analyst rating for Teck Resources (NYSE:TECK) was provided by UBS, and Teck Resources upgraded their buy rating.
The last upgrade for Teck Resources Ltd happened on September 4, 2024 when UBS raised their price target to $78. UBS previously had a neutral for Teck Resources Ltd.
The last downgrade for Teck Resources Ltd happened on July 11, 2023 when Wolfe Research changed their price target from N/A to N/A for Teck Resources Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Teck Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Teck Resources was filed on September 4, 2024 so you should expect the next rating to be made available sometime around September 4, 2025.
While ratings are subjective and will change, the latest Teck Resources (TECK) rating was a upgraded with a price target of $76.00 to $78.00. The current price Teck Resources (TECK) is trading at is $48.91, which is out of the analyst’s predicted range.
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