
Teck Resources (TECK) Stock Forecast & Price Target
Teck Resources (TECK) Analyst Ratings
Bulls say
Teck Resources has demonstrated significant improvements in mill performance, achieving approximately 135,000 tonnes per day (ktpd) throughput with recoveries around 82%. The company anticipates a further increase of over 50% in throughput capacity at the Quebrada Blanca plant, which is expected to drive a substantial growth in copper production of about 75%. Additionally, the strategic merger with Anglo American has the potential to create operational synergies in Chile and enhance Teck's position in the base metals market, further solidifying its positive financial outlook.
Bears say
Teck Resources has faced a 17% decline in its stock year-to-date, underperforming global peers, primarily due to difficulties in ramping up production at its Quebrada Blanca 2 (QB2) copper mine. Additionally, the company has recently issued conservative guidance for 2027-2028, which raises concerns about future production and revenue growth. Despite ongoing issues with the Tailings Management Facility, analysts believe these challenges are unlikely to significantly impact the mine’s long-term performance, yet the current difficulties contribute to a negative outlook on Teck’s financial prospects.
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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