- Teck Resources (TECK, Financial) showcases a robust financial turnaround in Q1 with substantial growth in earnings and revenue.
- Analysts present a positive outlook with an average price target implying nearly 40% upside potential.
- Despite strong analyst recommendations, GuruFocus indicates a potential downside based on the GF Value estimate.
Teck Resources (TECK) experienced a significant 4.6% gain in pre-market trading following an impressive surge in Q1 earnings. This financial upturn was fueled by a rise in base metal prices and an increase in copper sales. The company reported a net profit of C$370 million, a notable reversal from a loss in the previous year. Concurrently, revenues ascended by 41% to reach C$2.29 billion.
Analyst Price Targets and Recommendations
According to projections from 14 analysts, the average one-year price target for Teck Resources Ltd (TECK, Financial) stands at $50.35. This forecast encompasses a high estimate of $63.83 and a low of $40.33. The average price target suggests a potential upside of 39.71% from the current trading price of $36.04. Investors seeking more detailed estimate data can visit the Teck Resources Ltd (TECK) Forecast page.
The consensus recommendation, derived from insights by 15 brokerage firms, rates Teck Resources Ltd (TECK, Financial) at an average of 1.9, which aligns with an "Outperform" rating. This scale ranges from 1, indicating a Strong Buy, to 5, denoting a Sell.
GuruFocus Value Assessment
In contrast, GuruFocus' calculations estimate a GF Value for Teck Resources Ltd (TECK, Financial) at $30.29 within the next year. This suggests a potential downside of 15.95% from the current price of $36.04. The GF Value is GuruFocus' assessment of the fair value at which the stock should trade, based on historical trading multiples, past business growth, and future business performance projections. For a more comprehensive analysis, please consult the Teck Resources Ltd (TECK) Summary page.
