Should You Buy Teck Resources Ltd (TECK) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
56.440
1 Day change
3.09%
52 Week Range
56.460
Analysis Updated At
2026/01/26
Teck Resources Ltd (TECK) is not a strong buy at the moment for a beginner investor with a long-term strategy. Despite some positive technical indicators and pre-market price momentum, the company's financial performance shows significant declines in net income and EPS. Analysts' ratings and price targets suggest limited upside potential in the near term, with shares likely to remain range-bound. Additionally, no strong proprietary trading signals are present to support an immediate buy decision.
Technical Analysis
The technical indicators are moderately positive. The MACD is expanding positively, the RSI is neutral at 63.704, and the moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading near its resistance level (R2: 54.393), indicating limited immediate upside. Pre-market price is up 3.58%, suggesting short-term momentum.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Moving Average Consensus
Sell
4
Buy
10
Positive Catalysts
2026/01/26 05:58:45
Pre-market price increase of 3.58%.
Positive MACD and bullish moving averages.
Expected $295 million in positive pricing adjustments for Q4
Copper production guidance met for 2025, with strong production figures.
Neutral/Negative Catalysts
2026/01/26 05:58:45
Significant YoY decline in net income (-140.20%) and EPS (-142.22%) in Q3
Analysts' ratings downgraded to Hold with limited upside potential.
Pending merger with Anglo American, which may keep shares range-bound.
Stock trend analysis suggests potential for negative returns in the next week and month.
Financial Performance
In Q3 2025, revenue increased by 18.44% YoY to $3.385 billion, but net income dropped significantly by -140.20% YoY to $281 million. EPS also declined by -142.22% YoY to 0.57. Gross margin improved to 19.5%, up 16.63% YoY, indicating some operational efficiency.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Analysts are neutral to slightly bearish. TD Securities downgraded the stock to Hold, while Canaccord raised its price target slightly. JPMorgan and Deutsche Bank maintain Neutral and Buy ratings, respectively, with price targets indicating limited near-term upside. The consensus is that shares will remain range-bound due to the pending Anglo American merger.
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: 54.750
Low
39.62
Averages
45.92
High
51.87
Current: 54.750
Low
39.62
Averages
45.92
High
51.87
Scotiabank
Sector Perform
to
Hold
upgrade
$70 -> $75
AI Analysis
2026-01-26
New
Reason
Scotiabank
Price Target
$70 -> $75
AI Analysis
2026-01-26
New
upgrade
Sector Perform
to
Hold
Reason
Scotiabank raised the firm's price target on Teck Resources to C$75 from C$70 and keeps a Sector Perform rating on the shares.
TD Securities
Buy
to
Hold
downgrade
$70 -> $76
2026-01-22
Reason
TD Securities
Price Target
$70 -> $76
2026-01-22
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.
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