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

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

90.06

+0.07 (0.08%)

as of Sep 16, 2026, 4:02:07 pm Market Open.

551 watching

SELL ON STRENGTH

It has really consolidated. We are above the support level but not doing very much. It has a lot to do with China trade negotiations. Look to exit.

BUY ON WEAKNESS

He would buy it on dips. It is one of the few commodity stocks he owns right now. The results have been steady. They can capitalize on the turnaround after a trade deal. Buy it below $30.

BUY

Good trend since fall 2018. They have a superb balance sheet with the US dollar as a tailwind. Now is a period of strength for TECK though it dips in mid-May--we may be seeing that dip now. Around $30 this is a buy with good support.

DON'T BUY

Resource stocks generally don’t meet his criteria. They are not price makers but price takers. He does not follow them. There are better opportunities elsewhere.

DON'T BUY

It is trying to get less dependent on the Canadian situation by diversifying around the world. It is a little bit of a barometer of this commodity reflation story. A little reluctant to have a position on this. A coal oriented name.

DON'T BUY

Way too pricey for him. Now, you can buy only stocks that are way, way cheap, because the market has gone up so much.

BUY

Likes it, because it's a premier base metals company. He's owned it in the past. It's formed a nice base. His target is $39. They produce zinc; zinc prices are rising around the world.

PAST TOP PICK

(A Top Pick Dec 18/18, Up 14%) It has one of the best balance sheets out there compared to other base metal stocks. Tech bottomed much before the general market bottomed. It is still pretty volatile, but because of the balance sheet and how it is positioned, it does not look like most other base metals. This is a good one to buy today if you don’t have base metals.

DON'T BUY

Late in the cycle, mining stocks need places like China to pick up demand. She isn't in this sector. Doesn't expect global demand for minerals to pick up that strongly.

TOP PICK

Copper should rally to $3.20 with China as a tailwind (currently $2.93). For TECK.B, $33.60 is the next level to hit, then it can hit $37-39. Could be a two-month trade to early-summer. (Analysts’ price target is $38.45)

BUY

Looking macro, technical indicators have all improved. We've seen higher trading in China. The city economic surprise index is about as low as we have ever seen it. Technically it is about to turn. He owns some of their competitors. You'll need a good stop loss on this one. (Analysts’ price target is $38.00)

COMMENT

A good time to enter it--it's down now. It's a diversified miner and a play on global economic growth. But its price isn't higher than 10 years ago. Pays a decent yield. This depends on your projection on global growth.

TOP PICK

Improved credit rating could impact the stock short-term. Still making coal, copper, zinc. Chopping around in a range for 2 years. What's exciting is the good short-term technical profile, good risk/reward, and the numbers. Expect lots of free cash flow for next couple of years. Downside protection is around $28. If it gets to $32, it can shoot to $38 quickly. If it gets through $38, then next place is $50. US actions and trade have a lot to do with it. Yield is 0.66%. (Analysts’ price target is $38.10)

DON'T BUY

We are late in the cycle, but this time it's different. Normally we see inflationary pressure and tremendous growth in various economies, but not today. You can trade, but not invest in TECK. If we are top of cycle and heading to a recession, TECK will see a significant decline. He wouldn't touch this now.

STRONG BUY

He is keen on copper. He really, really likes this one. It is very timely here to buy. Over the last few days there was strong institutional buying. Once we test the key $32 level and get above it, it will get to $34.

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