Analyst Ratings Coverage
TD Securities (Rank#12) issued a research report on Monday June 5th, and has recently reiterated its “Buy” rating on Teck Resources’ stock. This rating reflects TD Securities’ positive outlook on the company’s future prospects and suggests that the stock is expected to perform well relative to the overall market.
TD Securities’ research team conducts in-depth analysis to assess the company’s fundamentals, evaluating key financial metrics such as revenue growth, profitability, cash flow generation, and balance sheet strength. They also consider qualitative factors, such as management effectiveness, product or service differentiation, and market positioning.
The target price provided by TD Securities is CAD 78, indicating the price level at which TD Securities expects the stock to reach over a specific time period, typically 12 months. This target price represents the potential upside that investors may realize if the stock performs in line with TD Securities’ expectations.
TECK-B Stock Forecast & Analysis
Based on the analysis of 29 analysts, the average target price for Teck Resources Limited over the next 12 months is CAD 60.41. This target price serves as a reference point for investors and suggests a potential upside of approximately 4% from the last closing price of CAD 58.21.
The average analyst rating for Teck Resources Limited is “Buy,” indicating a positive sentiment among the analysts surveyed. This suggests that the majority of analysts believe the stock has the potential for growth and recommend investors to consider buying it.
Stock Target Advisor’s analysis of Teck Resources Limited and classified it as “Slightly Bullish.” This analysis is based on 8 positive signals and 4 negative signals identified by their methodology. Positive signals may include factors such as improving financials, positive industry trends, or other favorable indicators, while negative signals could encompass concerns such as market volatility or specific risks related to the company.
Over the past week, Teck Resources Limited’s stock price has experienced a significant increase of 11.58%. This short-term positive trend may be attributed to various factors such as positive news, investor sentiment, or market dynamics. Over the past month, the stock price has increased by 0.74%, indicating a relatively stable performance during that period. Furthermore, over the last year, Teck Resources Limited’s stock price has risen by 5.26%, reflecting a moderate overall gain.