
Teck Resources (TECK) Stock Forecast & Price Target
Teck Resources (TECK) Analyst Ratings
Bulls say
Teck Resources has significantly improved its mill performance, achieving throughput of approximately 135,000 tons per day with recovery rates of 82%, which positions the company favorably for enhanced production capacity. The Quebrada Blanca 2 project is expected to increase Teck's attributable copper production by roughly 75%, underscoring the company's strategic shift towards low-carbon metals and sustainable operations. Additionally, the potential for a merger with Anglo American suggests beneficial operational synergies, further solidifying the growth trajectory and financial resilience of Teck Resources.
Bears say
Teck Resources has displayed significant underperformance relative to global peers, with its shares declining 17% year-to-date, primarily attributed to ramp-up challenges at its Quebrada Blanca 2 (QB2) copper mine. Additionally, the company has recently provided conservative projections for 2027-2028, which may suggest ongoing operational uncertainties. Given these factors, including management issues at QB2 and the broader implications of delayed growth in copper production, there is a considerable cause for concern regarding Teck's financial outlook.
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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