
Teck Resources (TECK) Stock Forecast & Price Target
Teck Resources (TECK) Analyst Ratings
Bulls say
Teck Resources is positioned for substantial growth, primarily driven by its majority-owned Quebrada Blanca 2 copper mine in Chile, which is expected to increase its attributable copper production by approximately 75%. Following the strategic sale of its oil sands and coal businesses, Teck is focusing on rebalancing its portfolio toward low-carbon metals, with copper now representing its major EBITDA contributor. Additionally, September 2025's merger agreement with Anglo American highlights the potential for operational synergies, strengthening Teck's competitive position in the base metals market.
Bears say
Teck Resources has experienced a 17% decline year-to-date, significantly underperforming its global peers, primarily due to ramp-up challenges at its Quebrada Blanca 2 (QB2) copper mine. The company has also recently reduced its guidance for 2027-2028, indicating that expectations for future performance may be overly conservative. Despite its strategy to transition towards low-carbon metals and significant growth potential from its copper operations, the ongoing operational setbacks raise concerns about the company's ability to sustainably capitalize on these opportunities in the near term.
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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