
Teck Resources (TECK) Stock Forecast & Price Target
Teck Resources (TECK) Analyst Ratings
Bulls say
Teck Resources is strategically positioned for growth as it transitions toward a more copper-focused portfolio, following the divestment of its metallurgical coal and oil sands businesses. The majority-owned Quebrada Blanca 2 copper mine is expected to increase Teck's attributable copper production by approximately 75%, bolstering its earnings before interest, taxes, depreciation, and amortization (EBITDA) contributions from this key metal. Additionally, the anticipated merger with Anglo American presents potential operational synergies in Chile, enhancing Teck's competitive position in the base metals market.
Bears say
Teck Resources has experienced a significant underperformance, with shares down 17% year-to-date, attributed primarily to ramp-up challenges at its Quebrada Blanca 2 copper project. The company’s decision to merge with Anglo American has raised concerns, particularly due to the absence of a premium in the offer and the potential loss of a key Canadian mining entity and primary listing. Given these factors, the timing and strategic direction of Teck's operations appear questionable amidst ongoing challenges in its production and market positioning.
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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