A Citi analyst, Alexander Hacking, has adjusted the price target for Teck Resources (TECK, Financial). The new target is set at C$55, a decrease from the previous C$68. Despite this change, the analyst maintains a Neutral rating on the stock. This revision comes as the firm aligns Teck's valuation with its updated copper price projections.
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 $51.33 with a high estimate of $64.66 and a low estimate of $40.90. The average target implies an upside of 33.08% from the current price of $38.57. 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 $32.85, suggesting a downside of 14.83% from the current price of $38.57. 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.
