Is Teck Resources Limited (TECK) the Best Copper Stock to Buy According to Wall Street Analysts?

Ladies and gentlemen, buckle up! We're diving headfirst into the world of copper stocks, and there's one name that's been making waves: Teck Resources Limited (TECK). Wall Street analysts are going wild over this stock, and for good reason. Let's break it down and see why TECK might just be the best copper stock to buy right now!

First things first, let's talk about production. Teck Resources just smashed its own records with 446,000 tonnes of copper produced in 2024. That's a 50% jump from the previous year, all thanks to the ramp-up of their Quebrada Blanca (QB) project. And get this—they're not stopping there! They're expecting to produce between 490,000 and 565,000 tonnes in 2025. That's some serious growth, folks!

Now, let's talk earnings. Teck's Adjusted EBITDA for Q4 2024 was a whopping $835 million. That's more than double what it was the year before. And their profit from continuing operations before taxes? A cool $256 million. This company is printing money, and the market is taking notice.

But it's not just about the numbers. Teck Resources is also returning massive value to shareholders. They dished out $1.8 billion in share buybacks and dividends in 2024 alone. That's some serious cash flowing back into investors' pockets. And with a liquidity position of $11.3 billion, including $7.1 billion in cash, Teck is sitting pretty.



Now, let's talk about what the experts are saying. As of April 5, 2025, 11 analysts have given Teck Resources a "Strong Buy" rating, with 9 more rating it a "Buy" and 2 holding it steady. The average price target? A staggering C$75.06, which is a 39.36% upside from the last price of C$53.86. That's some serious bullish sentiment right there!

But why should you care? Because Teck Resources is not just another copper stock. It's a pure-play energy transition metals company, and that's where the future is headed. With the world shifting towards renewable energy, the demand for copper is only going to go up. And Teck is positioning itself to be at the forefront of this transition.

So, what's the bottom line? Teck Resources Limited (TECK) is a no-brainer buy. The company is crushing it on the production front, raking in the cash, and returning value to shareholders. Wall Street analysts are all over it, and for good reason. If you're looking to get into the copper game, TECK is the stock to own. Don't miss out on this opportunity—BUY NOW!