UBS analyst Myles Allsop has revised the price target for Teck Resources (TECK, Financial), reducing it from C$67 to C$55. This adjustment comes as the firm revises its industrial commodity forecasts for 2025 and 2026, largely due to the impact of ongoing trade tensions. Despite this cut, UBS maintains a Neutral rating for Teck Resources' shares.
While the outlook for industrial commodities appears dim in the short term, UBS expresses optimism towards the prospects of gold. Additionally, the firm anticipates a medium-term recovery for copper and aluminum, suggesting potential opportunities in these sectors moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Teck Resources Ltd (TECK, Financial) is $51.86 with a high estimate of $63.99 and a low estimate of $41.83. The average target implies an upside of 53.75% from the current price of $33.73. More detailed estimate data can be found on the Teck Resources Ltd (TECK) Forecast page.
Based on the consensus recommendation from 13 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 $30.91, suggesting a downside of 8.36% from the current price of $33.73. 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.
