Teck Resources Ltd. (B) (TECK.B.TO) Buy, Sell…

Teck Resources Ltd. (B) (TECK.B.TO)

90.37

+0.38 (0.42%)

as of Sep 16, 2026, 1:44:26 pm Market Open.

551 watching

PARTIAL SELL

Stay away. Valuations on cyclicals are a problem. Their capital allocation hasn't been great. TECK has gone boom and bust three times in recent years. If you hold it, take profits. If the economy rolls over, this is one of the first to get hit; it's a cyclical stock. True, they're diversifying, but he wouldn't be in this space now, so late in the cycle.

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COMMENT

He's always seen Tech as metallurgical coal for making steel. What's happening in China is important. It should bounce around $20. Teck could drop and come back if there are certain economic events. Risk-reward is quite good. (Analysts’ price target is $32.00)

DON'T BUY

A stock you could own, but he thinks copper prices are due for an adjustment. It’s going to trade based on how trade goes and the relationship with China. He thinks it will improve over time, but it is highly cyclical and sensitive to economic growth. He would treat it as a trade rather than a long term hold.

PAST TOP PICK

(A Top Pick Nov 06/18, Down 18%) He got "Trumped" on this one. The company is solid, despite the trade war issues. It will bounce back if the trade deal gets signed. China is the main market for this. He will continue to hold it.

DON'T BUY

He has an issue with the space. Given the long term picture, is this something you want to invest in? It made nobody any money in the last decade. It is not investible in his mind. It is only tradable. Maybe at the 2016 low it could be a buy but not now.

WATCH

All commodity stocks feel the trade war's impact. Teck has become a lot more dependent on coal. They also feel pressure on commodities and the general economic slowdown. It trades at a good 3-4x multiple. Doesn't pay a dividend; maybe they want to deploy capital elsewhere which is fine. You can consider this, though wishes it was a little cheaper. Around $20, you can make money on this for the next few years.

TOP PICK

An example of where past support in 2017 is making this low risk. An excellent balance sheet and improving operational metrics. He thinks it is difficult for competitors to bring on new copper production. A break below $19.25 on a month or weekly basis would mean bigger problems are coming. Yield 0.91%. (Analysts’ price target is $34.75)

DON'T BUY

Outlook depends on global growth which as been decelerating. Teck is paying off its debt though. She holds very few cyclicals, including mining. She won't touch base metals until the global economy improves. We're late in the cycle.

DON'T BUY

It's had a wild ride. He doesn't follow them. The market has under-invested in energy. You can do worse than Teck.

COMMENT

Trade tensions have impacted base metals, where this company is tied to iron ore. It would do well when a trade deal is struck with China. There is starting to become some speculation in the copper area. But since many of the shares are privately held, they will still be a laggard if speculation takes hold in the space.

DON'T BUY

Sell it and buy Microsoft. The problem is that the global industry, which buys their coal, is slowing. The price could fall, facing competitive pricing from Australia which could flood the world with it. Be cautious here.

PAST TOP PICK

(A Top Pick Mar 22/19, Down 17%) He still likes this one. It has come up immensely since the bottom. He was expecting the rotation from growth to value that we are seeing now, back then. See his Top Picks today.

TOP PICK

The downside is better encapsulated here than when he first recommended it in March. It is a really good entry point. They have a fantastic balance sheet. (Analysts’ price target is $37.31)

DON'T BUY

It has suffered in the current environment. You are looking for an uptick in the commodities market. It does not look too bad but it may be some time before you see some improvement. The Coal market is being impacted by world trade talks. For long term you will do all right.

BUY

Chart does look soft. One of best managed companies out there. They don't make money every year, but over the long term, they make a substantial amount and pay down their debt. Balance sheet is better, and they have cash. China is a short-term risk. Great quality assets. Strong management. De facto core holding in the sector. (Analysts’ price target is $37.37)

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Teck Resources Ltd. (B) (TECK.B.TO)