Teck Resources

TECK · NYSE

$59.05+$0.15 (+0.25%)TodayMarket closed · Oct 23, 7:55 PM ET

Prev close $58.90

TECK analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 16 analysts

Average $76.40 (+29.4% upside)

Low: $57.08
Now: $59.05
High: $89.25

Upgrades and downgrades

The latest rating actions, newest first

TECK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Jul 28, 2026	Maintains	Neutral	$46.00 → $47.00	50%
JP Morgan	Jul 9, 2026	Maintains	Neutral	$48.00 → $46.00	50%
Deutsche Bank	Jul 2, 2026	Maintains	Buy	$64.00 → $68.00	56%
JP Morgan	May 1, 2026	Maintains	Neutral	$45.00 → $48.00	50%
Benchmark	Feb 23, 2026	Maintains	Buy	$48.00 → $67.00	38%
JP Morgan	Dec 5, 2025	Maintains	Neutral	$43.00 → $51.00	50%

The case for and against

Updated Apr 28, 2026

Bull case

Teck Resources is performing above expectations due to its strong operational quarter at its flagship copper mine in Chile, supported by higher grade material and favorable pricing for precious and specialty metals. Additionally, the company's financials have improved with a net cash position of C$150M and it is on track to meet its production targets for 2026-2028. Furthermore, Teck's proposed merger with Anglo American has the potential to create significant value through revenue and cost synergies. However, there is a risk that the merger may not be approved, in which case the company's stock could have an attractive re-rating opportunity.

Bear case

Teck Resources is expected to see a significant increase in copper production thanks to its joint venture with Sumitomo at the Quebrada Blanca 2 mine in Chile, which is expected to yield operational synergies and increased throughput capacity. However, the company has been selling off its non-core assets, including its oil sands and coal businesses, in an effort to rebalance its portfolio towards low-carbon metals. This divestment strategy, along with its recent agreement to merge with Anglo American, may indicate potential financial challenges and uncertainties for the company in the near future.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.