What is TECK stock price target for 2026?

WallStSmart's 12-month price target for Teck Resources Ltd Class B is $48.76, representing 13.3% downside from the current price of $56.24.

What is TECK stock forecast?

Teck Resources Ltd Class B forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is TECK undervalued based on price targets?

Our DCF intrinsic value for Teck Resources Ltd Class B is $66.42, against a current price of $56.24. The margin of safety is 9.09%.

TECK

Teck Resources Ltd Class B

NYSE: TECK · BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING

$56.24

-2.72% today

Updated 2026-04-29

Market cap

$27.55B

P/E ratio

20.30

P/S ratio

2.22x

EPS (TTM)

$2.77

Dividend yield

0.86%

52W range

$31 – $63

Volume

4.0M

Market cap

$27.55B

P/E ratio

20.30

P/S ratio

2.22x

EPS (TTM)

$2.77

Dividend yield

0.86%

52W range

$31 – $63

Volume

4.0M

Teck Resources Ltd Class B (TECK) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$56.24

Consensus

$53.17

-5.46%

2030 Target

$369.81

+557.56%

DCF

$66.42

+9.09% MoS

Current price

$56.24

Analyst consensus

$53.17

-5.46%

2030 Target

$369.81

+557.56%

Intrinsic (DCF)

$66.42

+9.09% MoS

6 analysts:

4 Buy2 Hold2 Sell

Management guidance

No specific revenue targets provided by management in available earnings calls or investor guidance. Company is focused on the pending Anglo American merger (expected late 2026/early 2027) which will create Anglo Teck, a top-5 global copper producer with significant critical minerals exposure. Copper price assumptions and China demand rebalancing are key drivers of forward guidance.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$618.11

$15.1B Rev × 20x P/S

Base case (2030)

$369.81

$15.1B Rev × 12x P/S

Bear case (2030)

$248.30

$15.1B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$6.5B	$9.1B	$10.7B	$12.1B	$12.6B	$13.3B	$14.2B	$15.1B
Revenue growth	—	40.0%	18.6%	12.4%	4.0%	5.6%	6.5%	6.7%
EPS	$5.17	$2.59	$3.11	$3.24	$3.21	$3.45	$3.72	$4.05
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$295.85	$306.41	$327.55	$348.68	$369.81

Catalysts & risks

Growth catalysts

+ Anglo American merger completion (expected late 2026/early 2027) creating Anglo Teck

+ Copper price strength driven by energy transition demand and EV growth

+ Regulatory approvals for merger (Investment Canada Act review pending)

+ Zinc price recovery and processing fee increases for 2026

+ Canadian operations investments post-merger integration

Key risks

- Merger regulatory approval delays or rejection in South Africa

- Copper price volatility dependent on China economic rebalancing

- Integration execution risks post-merger with Anglo American

- Commodity price cyclicality impacting earnings quality

- Geopolitical tensions affecting supply chains and demand

Methodology

Teck Resources Ltd Class B's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.