Analyst Price Target is C$80.00
▲ +27.25% Upside Potential
This price target is based on 0 analysts offering 12 month price targets for Teck Resources in the last 3 months. The average price target is C$80.00, with a high forecast of C$80.00 and a low forecast of C$80.00. The average price target represents a 27.25% upside from the last price of C$62.87.
Current Consensus is
N/A
The current consensus among 0 polled investment analysts is to n/a stock in Teck Resources. This N/A consensus rating has held steady for over two years.
Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, which will increase Teck's attributable copper production by around 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper.
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