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TSE:TECK.B

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

89.98
+1.05 (1.18%)
as of Jun 22, 2026, 8:00:00 pm Market Open.
549 watching
0
Investor Insights
star iconJun 21, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Teck Resources Ltd. (TECK.B) is at a pivotal moment as it navigates the complexities of its merger with Anglo American and the ramp-up of mining production. Analysts have mixed reviews regarding the execution risk tied to this merger, along with growing demand for copper particularly driven by advancements in AI and data centers. Despite concerns over fluctuating copper prices, many experts highlight the potential for this new entity to become a significant player in the global copper market, benefiting from better valuation and less geopolitical risk compared to its peers. Short-term volatility is expected given recent price fluctuations, but the long-term outlook remains promising, provided the merger successfully goes through and production issues at the QB2 mine are resolved. Overall, confidence in Teck is bolstered by its clean balance sheet and substantial cash reserves.

consensus icon
Consensus
Hold
valuation icon
Valuation
Fair Value
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WAIT
Likes coal and zink. Getting close to his target price now. If you own take some profits. Buy when it gets back in the $30's.
DON'T BUY
Probably into the final couple of innings on this stock. Have done fantastically well, but these cycles do end. Cyclicals can sometimes surprise as to how high they can go, so in the short term, it could get pushed higher, but longer term, it'll get pushed down again.
DON'T BUY
Has been moving up dramatically. One side has been the coal side and the issue is, where are coal prices going. A cyclical stock and it could be at its peak in the cycle and the stock is starting to reflect that.
STRONG BUY
Has probably been the best performing major mining stock and thinks that will continue. Best managment in the industry, top quality assets, very good financial condition and has lots of cash. In the right areas, such as coal, zinc, gold and copper.
TOP PICK
A wonderful spread of metals making it a stock for all seasons. Even has some gold which wil give a bounce on weakness in the US$. Has a huge upside measure.
BUY
A cyclical business and very strong in its sector. If you start to see a downturn, get out quickly.
TOP PICK
Blew the doors off with the numbers yesterday. All their commodities were firing on all cylinders and they had a double last year. Will continue to be strong.
BUY ON WEAKNESS
Earnings have been spectacular. Went from $0.85 to $2.50/2.60 this year and probably up a good chunk again in '05. Approaching fair value. If the market is reflecting the earnings growth, you may not make much money. Well diversified play in metals. Trading at 125% net asset value and typically mining stocks peak at 130%.
HOLD
Has been on a nice run, but expects anything dealing in base metals will slow down. Well managed, well run company.
TOP PICK
Very well diversified. This year 65% of their EBITDA should come from zinc as well as metalurgical coal and the remainder coming from copper, etc. Opportunity comes from the met. coal and zinc. Met. coal has been priced in at $125 per metric ton. Zinc inventories are starting to be drown down.
BUY
Likes their holdings in metalurgical coal as the outlook is pretty bouyant for the forseeable future. Also likes some of their base metal plays.
DON'T BUY
Not a favourite. Would prefer to own the aluminum sctor. It will benefit from a tightening up in the zinc market.
DON'T BUY
Has been a very good performer, mainly because of their coal play. The next couple of quarters should have good earnings. Getting expensive and earnings could fall back in the 2nd half.
BUY
An extremely well run, well built business. Probably the best managed base metals company in North America. Very good assets.
TOP PICK
It's copper coal and zinc and so far, only copper and coal have been running and the big push on zinc hasn't happened yet. Feels there is still a 30% upside from here.
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