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TECK

Teck Resources Ltd Class B

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

$64.84
+1.95% today

Updated 2026-06-12

Market cap
$34.57B
P/E ratio
25.85
P/S ratio
2.79x
EPS (TTM)
$2.73
Dividend yield
0.74%
52W range
$31 – $71
Volume
3.2M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

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

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

Research-backed TECK price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$64.84
Today
Analyst consensus
$53.17
-18.00% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
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

TECK · Teck Resources Ltd Class B · Revenue & price projection · 2023–2030E

Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com

TECK financial forecast · Research-backed projections

Metric20252026 (E)2027 (E)2028 (E)2029 (E)2030 (E) ★
Revenue$10.7B$12.1B$12.6B$13.3B$14.2B$15.1B
Revenue growth18.6%12.4%4.0%5.6%6.5%6.7%
Net margin——————
EPS$3.11$3.24$3.21$3.45$3.72$4.05
Diluted shares——————
Net debt——————
P/S multiple—2.0x2.0x2.0x2.0x2.0x
Implied price (base)—$295.85$306.41$327.55$348.68$369.81
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.

Scenario detail · Three drivers, three outcomes

2030E driverBearBaseBull
Revenue$15.1B$15.1B$15.1B
P/S multiple1.0x2.0x3.0x
Diluted shares0M0M0M
Net debt———
Implied P/E †———
2030 Price$—$—$—
NPV @ —$—$—$—
† Implied P/E: Multiples remain elevated across all three scenarios because TECK is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.

EV to per-share bridge · How we get to $— base case

Bridge from revenue to per-share price$15.1B revenue times 2.0x P/S equals $30B EV, minus — net debt equals $30B equity, divided by 0M shares equals $— per shareREVENUE$15.1B2030 base case× 2.0xP/S multipleENTERPRISE VALUE$30BTotal firm value− —Net debtEQUITY VALUE$30BOwners' claim÷ 0MDiluted shares2030 PRICE TARGET$—Base case · per shareRevenue × P/S − Net debt ÷ Diluted shares = Per-share priceBear case: $— · Bull case: $— · NPV @ 0% WACC: $—

TECK catalysts and 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 2030 stock forecast model

Teck Resources Ltd Class B 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:

1. Share dilutionProjected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for TECK by 2030)
2. Net debtEV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030)
3. Time valueNPV calculated using — WACC (sector fallback)
4. Multiple frameworkP/S compresses with scale: bear 1.0x / base 2.0x / bull 3.0x
5. Scenario designBull/Base/Bear vary revenue, margin, shares, debt, and multiple independently

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

TECK price target FAQ

How is the Teck Resources Ltd Class B 2030 stock forecast calculated?

The TECK 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.

What is the analyst consensus on TECK stock?

6 analysts cover TECK with an average 12-month price target of $53.17. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.