Bullish Case: Teck Resources: deepened copper and gold exploration in Kazakhstan, recent institutional buying, and advancing copper-focused growth align with robust demand, underscoring upside potential.


Bearish Case: Operational challenges, lowered output guidance, Morgan Stanley's target price cut, and considerable institutional sell-off signal risk, despite industry-average growth forecasts.


Potential Outcomes:

1. Successful QB2 and copper demand growth (40% probability),

2. Further operational delays, impacting guidance and investor sentiment (30% probability),

3. Takeover developments (30% probability).


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April 13, 2024


Teck Resources Forecast

TECK        Teck Resources
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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