TSE:TECK.B

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

84.94
-5.04 (5.60%)
as of Jun 23, 2026, 7:10:24 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
COMMENT
China is a prime mover for a lot of the resources that this company produces. 6%-7% is a more reasonable growth rate for China than what they have had in the last few years. Aggregate demand for coal, copper, etc. that this company produces will be there. He wouldn't Buy today because he is hesitant about the market generally.
BUY ON WEAKNESS
Extremely low multiple. If you wanted a stock like this one, there is chance they could double their dividend without trouble. He will pick away at hit on weakness. If it takes off it can really run.
BUY
Cautious on the market. Economically sensitive. Seen continued deterioration – fewer and fewer stocks are holding up in this sector. Could have a bounce here but how much longevity will you see with the bounce. Tankers sitting off shores of China fully loaded waiting. It could be a tougher summer. If you think central banker will come in with liquidity then you could see a short term bounce.
DON'T BUY
(Market Call Minute.) Down with the resources. You have to be a little careful but it is a much admired mining company. Enormous focus on coal, which might get affected by a slowdown in steel.
DON'T BUY
Stock price is up from the lows so it doesn’t interest him.
COMMENT
Suncor (SU-T) or Teck Resources (TCK.B-T) as far as dividends are concerned? This company is well-managed and they’ve really got their debt down. Likes metallurgical coal longer-term. Suncor is going through a consolidation of Petrocan, which hasn't worked out as well.
DON'T BUY
He is not a buyer of any mining stock right now because he believes that most, if not all, commodity mining prices still have a ways to go on the downside.
TOP PICK
Severely punished, over done. Leading mining company with an energy unit as well. Politically safe jurisdictions. Will be one of the first to benefit when prices of the commodities come back.
DON'T BUY
(Market Call Minute.) Looks like there could be significant downside risk.
BUY ON WEAKNESS
Likes it. Meteorological coal, copper and zinc. Member of Chinese investment corp. on their board and have a good idea what is going on in China. He is still encouraged by growth in China. A good long-term story, strong balance sheet. It travels with the market moves on resources.
DON'T BUY
Seasonal trade on this starts the end of February beginning of March and he missed getting in. Chart shows a breakdown towards the end of March and the charge looks like it wants to visit the high $20's now. He would love to buy it but now is not the time. You want to see it get above the $35 level and even break the downtrend with some good volume.
DON'T BUY
China is certainly an issue for them but one of the other issues as well is coal. They are still a very major coal producer and with the weakness in natural gas prices, the alternative for electricity plants turning to natural gas as a choice is increasing dramatically.
WAIT
Has started a downward trend since the beginning of February, which is unusual on a seasonal basis. You have a couple of important support levels at the $29 level. You have downside risk to that level. Tck has a history of bottoming by November so there is lots of time.
COMMENT
(Market Call Minute.) Great Canadian company but he is nervous about steel production in China and would prefer and at $25.
BUY
Great assets and a good company and there is an increased demand for coal from China. Stock is going lower because of a big sentiment change. Good dividend.
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