TSE:TECK.B

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

78.42
-2.95 (3.63%)
as of Jul 16, 2026, 7:59:59 pm Market Open.
551 watching
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Investor Insights
star iconJul 16, 2026, 12:00 am

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

Teck Resources Ltd. is currently navigating a complex landscape due to its proposed merger with Anglo American, which some analysts view as a beneficial move for the company, especially in solidifying its position in the copper market. While various experts display optimism about the potential synergy and long-term benefits of the merger, concerns about execution risks and recent operational challenges, particularly with the QB2 mine, persist. There is a general belief in the substantial demand for copper, with its price fluctuations influencing the stock's performance. Most experts suggest holding the stock rather than chasing it after a recent run-up, emphasizing caution and the potential for better entry points post-merger completion.

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Consensus
Hold
valuation icon
Valuation
Fair Value
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FM.TO
TOP PICK
He hasn't been in materials for a long time, so this holding is new for him. TECK is in coal which is stable because they sell it to the Japanese who are long-term buyers. TECK is also in copper and the Oil Sands. Prices will be okay for oil. They've added a lot debt to the balance sheet, but he bought it because they're paying it off and can manage it. The materials cycle will start again; he's confident the tariff situation will resolve itself soon. It's had a big pullback. but boasts a clean balance sheet while earnings will grow. Emerging markets will turn around. (Analysts’ price target is $40.17)
BUY
He sold it, and did well with it. Very well-run. But he's afraid of the outlook of many materials though. If materials sell-off, he'll buy this. Quality people and deposits.
COMMENT
They are integrated in the core part of global growth. The global growth story is slowing down. Growth over the last decade has been all fueled by debt. It does not mean we may not get a cyclical trade as China steps on the gas. Maybe you can get a trading rally. Analysts are 80% positive. (Analysts’ price target is $40.17)
WATCH
It is one of the higher quality names in the copper space. There will be choppiness ahead in the short term until we find the low and then it is positioned well to move higher.
WAIT

Nov. 26 is when you want to enter that sector. He would wait because it is in a downward trend. It has negative momentum.

WAIT

This name is quite volatile. Would prefer to buy it when it is back on the upswing. This is probably the only mining name he would own in Canada. It is well run with a diverse asset base. It is probably oversold at current levels. He likes the company and the space.

DON'T BUY

It's late cycle for TECK and related minerals companies. He owns very little in this space because he doesn't see upside. TECK itself is a good company.

BUY

A declining US dollar would be good for copper. This would be the safest place to make an entry into base metals. This is a good spot to be.

WATCH

He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.

WEAK BUY

He thinks now is a good time to get half your position in. Most material stocks have not acted well this year. Late cycle in the bull trend, he thinks commodities will get another year or two of potential upside. He is watching this one right now.

PAST TOP PICK

(A Top Pick June 27/17 Up 52%) The commodity cycle has come back and the dividend is great. Still a cheap stock relative to its US peers. At some point they will buy more, if the share price drops. Copper is short and the company is making good cash flow as global demand continues to grow in India and China.

TOP PICK

One of the strongest base metal names. If it gets below $28 then something bigger is happening in the world. (0.7% yield, $41.40 analysts' price target)

DON'T BUY

Canada's go-to mining stock and a relatively stable one. It has survived a rough period of acqusition/heavy leverage/stock sell-off. Market sentiment towards mining overall remains weak (and he prefers the oil sector), so he holds little mining.

WATCH

Optimal hold from November 20 to February 14. Moving averages curling over. Don’t get excited yet. Wait for a better entry point. (Analysts’ price target is around $41)

WEAK BUY

He's between a buy and hold. The biggest headwind for commodities has been the U.S. dollar which he expects to peak soon then decline. Metallurgical coal prices are hanging in better. Teck has used the m-coal boom of the last few years to pay down their debt. Now, their balance sheet is strong and they have decent cash flow. This is one of the better stories in large-cap materials stocks.

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