Teck Resources: Analyst Ratings and Fundamental Analysis
Teck Resources (TECK-B:CA)
Teck Resources Limited has received updated research reports with notable upgrades in their target prices and positive outlooks on the stock.
Recent Analyst Ratings
Scotia Capital and National Bank Financial have both raised their target prices for Teck Resources Limited:
- Scotia Capital (Analyst Rank#8): Upgraded the target price to CAD 85 from CAD 80, maintaining an Outperform rating.
- National Bank Financial (Analyst Rank#21): Increased the target price to CAD 86 from CAD 81, also maintaining an Outperform rating.
These upgrades reflect the analysts’ confidence in Teck Resources’ future performance, driven by the company’s strategic initiatives and robust financial health.
Average Analyst Target Price
Based on the stock forecasts from 13 analysts, the average target price for Teck Resources Limited is CAD 67.97 over the next 12 months. The consensus analyst rating for the stock is Buy.
Stock Target Advisor’s Analysis
Stock Target Advisor provides a Slightly Bullish outlook on Teck Resources Limited, based on 9 positive signals and 5 negative signals. Here’s a detailed breakdown of what analysts like and dislike about the stock:
Positive Fundamentals:
Negative Fundamentals
Recent Stock Performance
At the last closing, Teck Resources Limited’s stock price was CAD 69.23. Over the past week, the stock price has changed by +0.71%, +5.52% over the past month, and +26.10% over the past year.
Final Analysis
Teck Resources Limited has shown strong financial performance and stability, leading to positive revisions in analyst target prices. However, the stock’s valuation metrics indicate it may be overpriced compared to its peers, particularly on earnings, cash flow, and free cash flow bases. Investors should weigh these factors, considering both the stock’s robust performance and potential valuation concerns, before making investment decisions. The company’s high leverage and below-median earnings growth also warrant caution.