TSE:TECK.B

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

84.60
-5.38 (5.98%)
as of Jun 23, 2026, 6:47:50 pm Market Open.
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Investor Insights
star iconJun 23, 2026, 12:00 am

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

Teck Resources Ltd. is currently navigating a complex landscape as it prepares for a significant merger with Anglo American, which has caught the attention of various analysts. While some experts express concerns regarding execution risks and recent production challenges, particularly with the QB2 mine, many also highlight the sound fundamentals of Teck as a major copper producer. Copper demand, stoked by industries such as AI data centers, presents both opportunities and challenges, especially amid fluctuations in oil prices that could dampen overall commodity performance. The upcoming merger is anticipated to enhance Teck's standing in the copper market, with analysts noting the potential for improved valuation and reduced geopolitical risks. Overall, sentiment remains mixed as investors await the merger's outcome and assess Teck's operational stability.

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Consensus
Hold
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Valuation
Fair Value
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FM,L
SELL

It is hard to do but ask yourself why it is going down. It is the marginal barrel of oil that sets the price. A little bit of a drop in demand can really devastate the price of oil. It might be a candidate for a short – you might. Prefers to short based on something you can predict.

HOLD

Fairly risky. Thinks this one is oversold. Fair value is in the $50 range.

PAST TOP PICK

(A Top Pick Aug 2/11. Down 36.9%.) Stock price is reflecting a lot of bad news. Trading at a big discount to NAV. Obviously it is the global growth concerns. Low-cost producer so will generate a lot of money even at these prices. Paying 10% on long-term debt and are renegotiating.

WAIT

Would love to see them get down to his last line, which is $19. It would be a good bottom for it and it may take time for it to go there.

COMMENT

All of the commodity stocks have been hit and this is a complete disaster. Not selling because he likes the dividend.

DON'T BUY
He is only interested in owning commodities stocks when the commodity is either at a high level or is going up. This companies commodities prices are depressed and not going anywhere. If commodity prices start to change, this is a great company. These are trading stocks, not investing stocks.
COMMENT
He has been looking at this name since the spring. He had been hoping to pick it up at around $35 but it fell further. Chart shows a massive head and shoulders pattern. You could buy it right now and put a real tight stop of $25 on it.
TOP PICK
Have been creamed. Well-managed company and a good balance sheet. Well diversified in met coal, copper and zinc. Going through an expansion program, which is low risk, basically adding on to what they already have.
BUY
Continues to trade at very attractive valuations. Really a play on copper and, to a lesser degree, metallurgical coal. Have a number of very attractive projects that provide identifiable growth over the next number of years. Very strong balance sheet.
COMMENT
Long-term this is a great company and will do very well. Great coal resources and great growth in copper. When global growth is slowing, people are afraid of a hard landing in China. If you can put it in a box for five years and not look at it, this would be fine to own.
COMMENT
Teck Resources (TCK.B-T) or Baytex (BTE-T)? Since he is a fan of dividends his choice would be Baytex.
DON'T BUY
Given the way the group is behaving, he would stay away.
PAST TOP PICK
(A Top Pick Aug 2/11. Down 29.2%.) Her only name in the base metal space. Likes met coal and copper longer term.
PAST TOP PICK
(A Top Pick May 17/12. Up 4.44%.) This is the time to get into this one. Largest coal producer in Canada as well as a copper producer plus having some oil sands assets. 100% dependent on China, which continues to grow. Looking for 25%-40% returns with mild recoveries.
TOP PICK
2.6% dividend yield and he thinks this could rise. Everybody hates commodities today but copper and met coal are reasonably well-positioned relative to other commodities in terms of supply and demand fundamentals. Good balance sheet.
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