BHP's Acquisition Attempt: BHP has officially abandoned its last-minute attempt to acquire Anglo American, focusing instead on its $53 billion merger with Teck Resources, despite earlier engagement with Anglo's management.
Strategic Motivations: BHP's interest in Anglo was driven by its valuable copper assets in South America, crucial for meeting the rising demand for copper amid the energy transition.
Impact of Anglo's Merger: The proposed merger between Anglo and Teck would significantly reshape the mining sector, creating a company capable of rivaling major copper producers, including the Escondida mine.
Future Considerations: BHP's withdrawal may simplify the upcoming shareholder vote on the Anglo-Teck merger, which still requires scrutiny under the Investment Canada Act before proceeding.
Wall Street analysts forecast TECK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TECK is 45.92 USD with a low forecast of 39.62 USD and a high forecast of 51.87 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast TECK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TECK is 45.92 USD with a low forecast of 39.62 USD and a high forecast of 51.87 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
3 Hold
1 Sell
Hold
Current: 53.000
Low
39.62
Averages
45.92
High
51.87
Current: 53.000
Low
39.62
Averages
45.92
High
51.87
TD Securities
Buy
to
Hold
downgrade
$70 -> $76
2026-01-22
New
Reason
TD Securities
Price Target
$70 -> $76
AI Analysis
2026-01-22
New
downgrade
Buy
to
Hold
Reason
TD Securities downgraded Teck Resources to Hold from Buy with a price target of C$76, up from C$70. The firm believes the shares will be range-bound through 2026 as the Anglo merger approaches completion. TD sees greater short-term opportunities for investors looking to gain exposure to copper.
Canaccord
Hold
maintain
$72
2026-01-22
New
Reason
Canaccord
Price Target
$72
2026-01-22
New
maintain
Hold
Reason
Canaccord raised the firm's price target on Teck Resources to C$72.50 from C$72 and keeps a Hold rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for TECK
Unlock Now
JPMorgan
Bill Peterson
Neutral
maintain
$43 -> $51
2025-12-05
Reason
JPMorgan
Bill Peterson
Price Target
$43 -> $51
2025-12-05
maintain
Neutral
Reason
JPMorgan analyst Bill Peterson raised the firm's price target on Teck Resources to $51 from $43 and keeps a Neutral rating on the shares. The firm adjusted price targets in the North America metals and mining group as part of its 2026 outlook.
Deutsche Bank
Buy
maintain
$45 -> $46
2025-11-26
Reason
Deutsche Bank
Price Target
$45 -> $46
2025-11-26
maintain
Buy
Reason
Deutsche Bank raised the firm's price target on Teck Resources to $46 from $45 and keeps a Buy rating on the shares as part of a 2026 outlook for the copper sector. Severe supply disruptions have pushed copper prices to near record levels, the analyst tells investors in a research note.
About TECK
Teck Resources Limited is a resource company that operates a portfolio of copper and zinc operations across North and South America. The Company’s projects include the Highland Valley Copper (HVC) Mine Life Extension Project, Galore Creek Project, Zafranal Project, and NuevaUnion. The HVC Mine Life Extension is located at the HVC site, approximately 17 kilometers (km) west of Logan Lake and 75 kilometers southwest of Kamloops. The Galore Creek Project is situated in Tahltan Territory in northwestern British Columbia, around 370 km northwest of Smithers. The Zafranal Copper Project lies in the Arequipa Region of southern Peru, within the prolific porphyry copper belt. The NuevaUnion Project is a undeveloped copper-gold-molybdenum mining venture in the Americas, located in Chile’s Atacama Region; its two deposits are about 40 km apart. Its Red Dog Operations is a zinc mine located approximately 170 km (105 miles) north of the Arctic Circle in northwest Alaska, near Kotzebue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
