Teck Resources (TECK, Financial) has disclosed a mechanical problem at its Carmen de Andacollo operations in Chile, necessitating a maintenance shutdown of the SAG mill. The company anticipates that production will be halted for about a month to facilitate repairs. In an effort to manage the situation, Teck plans to align other scheduled plant maintenance with the mill's downtime, which they believe will prevent any significant impact on production. Consequently, their previously projected guidance for 2025's total annual copper output, as well as the specific output from Carmen de Andacollo, remains on track.
Additionally, Teck reported a separate issue at the Quebrada Blanca port facility in Northern Chile with the shiploader, which is expected to take about a month to fix. Despite this, the Quebrada Blanca mine and plant operations are continuing, and alternative ports are available to maintain shipments. Thus, Teck does not foresee any substantial effect on sales, and the 2025 copper production forecast for Quebrada Blanca remains unchanged.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Teck Resources Ltd (TECK, Financial) is $51.21 with a high estimate of $64.52 and a low estimate of $40.81. The average target implies an upside of 38.23% from the current price of $37.05. More detailed estimate data can be found on the Teck Resources Ltd (TECK) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Teck Resources Ltd's (TECK, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Teck Resources Ltd (TECK, Financial) in one year is $31.87, suggesting a downside of 13.98% from the current price of $37.05. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Teck Resources Ltd (TECK) Summary page.
