
Teck Resources (TECK) Stock Forecast & Price Target
Teck Resources (TECK) Analyst Ratings
Bulls say
Teck Resources has demonstrated a robust financial performance in Q4/24, driven by record output from its Quebrada Blanca 2 (QB2) project, which is set to enhance overall copper production significantly. The revised guidance for 2025 indicates a notable 18% year-over-year increase in copper output, along with a strong internal pipeline of projects that supports further growth, all while maintaining a solid balance sheet. The company’s focused strategy on low-carbon metals, alongside its successful divestitures, positions Teck well for future growth and valuation re-rating opportunities.
Bears say
Teck Resources has provided updated three-year guidance that is slightly below expectations, particularly concerning rising costs and a forecasted decline in zinc production, which is set at 525-575kt for 2025, representing an 11% year-over-year decrease and falling 7% short of projections. The company’s revised EBITDA estimates for 2025 through 2027 have been lowered by an average of 4% per annum, reflecting the impact of higher costs and reduced output. Additionally, the potential for sustained low commodity prices poses a material risk to Teck's financial stability and capital raising efforts.
This aggregate rating is based on analysts' research of Teck Resources and is not a guaranteed prediction by Public.com or investment advice.
Teck Resources (TECK) Analyst Forecast & Price Prediction
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