TSE:TECK.B

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

92.76
+0.20 (0.22%)
as of Aug 6, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 6, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

Experts have mixed feelings about Teck Resources Ltd. amid its proposed merger with Anglo American. While some analysts express optimism about the long-term benefits of merging complementary assets and the potential to become a major player in the copper market, others highlight execution risks associated with the deal. Recent performance shows strong copper production and earnings beats, but fears persist regarding the dependency on copper prices and geopolitical factors. The upcoming vote on the merger and the company's challenged QB2 mine have led to cautious sentiment among investors. Overall, while some analysts view the stock as a good opportunity, others advise waiting for better entry points post merger completion.

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Consensus
Cautious
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Valuation
Fair Value
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HOLD
If we get hit with something negative in Europe or China. $46.20 would be his target otherwise.
BUY
Likes this one longer-term. Tends to be volatile on economic news because it produces commodities, particularly coal, iron ore and zinc. Would buy it here for a long-term play on China.
DON'T BUY
Long term it is a great business. Near term challenges are a slowing in emerging markets. Pressure on copper and steel prices (Meteorological coal).
HOLD
Arguably it is the only decent sized base metals company that we have in Canada. Has shown steady progress through from October until the tail end of the year dip but is now working higher. Thinks it will go higher but you have to have firm to strong metal prices. Should be safe.
DON'T BUY
Copper and coal. Copper side is very economically sensitive and has turned around in the last 3 months. Coal may be looking slightly weaker now so the combination is okay. Prefers it in the low to mid $30. A little ahead of itself valuation.
BUY
If what is going on in China is just a soft landing, and if we are expecting good things from copper and coal, he thinks his company is very well positioned.
BUY
Likes both the coal and zinc part of the story. The coal is primarily an Asian story and he thinks this will continue strong in spite of dips.
HOLD
Copper and coal. Assuming that the clouds are starting to clear a little on the global picture, this is the kind of stock you want to own. Higher beta stock so is a lot more volatile than your normal TSX stock. Above the 200 day moving average.
BUY ON WEAKNESS
Seen 20% in S&P and 10% in Toronto since October lows. Likes it because of the demand from China. Would buy except for worries for a short-term pullback in the markets.
PAST TOP PICK
(Top Pick Jan 13/11, Down 32.25%) Out performed base metals. Likes the exposure to copper and the zinc exposure.
DON'T BUY
The commodity complex is a little bit under pressure at this time. The growth phase of the economy at this time, he wouldn't be concentrating exposure to it.
BUY ON WEAKNESS
Chart shows a downward trend line from early 2011, which has just been broken. He is hoping to Buy this on a bit of a pull back at around $35-$36 range. Well managed company.
COMMENT
Balance sheet is improving. Bullish on the company long-term but over the next 3 to 6 months we could see some trouble in steel output from China, which could affect some coking coal. With Europe slowing down and China being their biggest exporter, they could see trouble here but he would expect it to snap right back. They could earn $4.50-$5.50 a share depending on commodities but that is a cheap valuation. If you are a patient investor, this would be the time to buy. If you are a trader, he would stay away
BUY
(Market Call Minute.) Nice wide variety of different materials as well as coal. Making higher lows.
BUY
Well diversified, likes it. Silver birch asset will be positive. Net coal expansion and copper prices may turn around.
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