Teck Resources Limited (TECK-B:CA) is set to release its fourth quarter 2024 earnings report later this week, marking a pivotal moment as the company continues its strategic transformation toward a focus on energy transition metals.
Investors will be watching closely for key performance indicators such as copper production volumes and cost guidance improvements that signal how well the firm is executing its growth strategy.
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Expected Q4 Earnings Report of Teck Resources Limited:
According to recent announcements, Teck’s unaudited Q4 2024 results are scheduled for a pre-market release on February 19, 2025, with the earnings call to follow on February 20, 2025.
The report will cover the quarter ending December 2024 and is expected to highlight record quarterly copper production and improved cost discipline across its operations.
This upcoming report is particularly significant as it comes on the heels of Teck’s recent portfolio transformation and ongoing efforts to optimize production at its flagship operations like Quebrada Blanca and Highland Valley Copper.
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Stock Target Advisor’s Analysis on Teck Resources Limited:
Analyst sentiment remains broadly positive. According to Stock Target Advisor, based on forecasts from 14 analysts, the average target price for Teck Resources Limited stands at CAD 68.93 over the next 12 months, with an average analyst rating of “Buy.”
Meanwhile, Stock Target Advisor’s own rating for Teck Resources is “Slightly Bullish,” driven by 9 positive signals and 6 negative signals.
Major broker targets include RBC at CAD 84, Morgan Stanley & Co. at CAD 52.50, and Citigroup recently lowering its target from CAD 74 to CAD 68.
Overall, the consensus indicates that Teck still has potential upside, with a 12-month target price near the CAD 68-70 range.
Conclusion:
With its Q4 2024 earnings report imminent, investors will be keen to see how Teck Resources leverages its ongoing cost reductions and production enhancements to drive future growth.
The upcoming call on February 20, 2025, is expected to provide further clarity on the company’s forward-looking guidance and strategic priorities.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
