TSE:TECK.B

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

77.21
-1.21 (1.54%)
as of Jul 17, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 17, 2026, 12:00 am

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

Teck Resources Ltd. (TECK.B-T) is currently at a pivotal moment due to its proposed merger with Anglo American, which has generated mixed sentiments among analysts. Many positive observations highlight that the merger would create a significant global copper player, leveraging complementary assets and potentially increasing cash flow if copper prices remain strong. However, concerns linger regarding execution risks and production challenges, particularly related to Teck's QB2 mine. Analysts suggest a cautious approach, advocating for holding existing positions while considering dips for future acquisitions. Despite the uncertainties, the overall outlook remains favorable, especially considering the strong demand for copper stemming from trends like AI data center construction.

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Consensus
Hold
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Valuation
Fair Value
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FCX
DON'T BUY
Stock has been under a lot of pressure and he has been looking at it recently. There has been a slowing of the economy with weak copper prices. Coal has been strong but there have recently been threats of renegotiating lower prices. All the resource-based companies have had a correction. If it got down to the low, low $30 on a real scare he might be interested.
DON'T BUY
A wonderful company that gives you great access to a number of different resources. Well-managed and great operators. Cdn$ and Australian$ have been weak against the US$. There are a number of groups, including the metals, in the TSX that have yet to turn.
COMMENT
His model price is $70.44, and 83% positive differential. He can see it in the short term going to the $45-$46 level. You could flip a coin on this one and it all depends on what happens in Europe.
COMMENT
Pretty cheap. On his watch list. It might be something that if he gets more confident he could come to although he already has BHP Billiton (BH-N).
TOP PICK
He likes coal and copper and finds zinc an interesting additional asset. Balance sheet has been improved. Generating oodles of cash. Raised their dividend in the 4th quarter. In terms of current copper prices, they have a lot more room to return cash to shareholders. 2.2% yield.
BUY
Copper and Copper stocks are about to enter into season strength. This year it looks like the sector is getting lined up. Now it is going to be one of the strongest sectors. Copper inventories are now lower than usual. Copper has bottomed and has started on its seasonal trend. This didn’t happen in 2011. Could be an interesting trade between now and May.
COMMENT
Likes it and think there is going to be an opportunity to take a trade on what he owns. This falls back into the Asian growth prospect. Relatively cheap on most fundamental metrics.
TOP PICK
Trading at almost half of its high for the year. He supposes that if Chinese growth falls to zero, demand for coal will probably go down along with the prices for coal and zinc. Chinese growth going from 9% per year to 8% per year is not a justification for knocking the price of this stock to half. Vastly oversold and is probably worth $60 today. Dividend yield of 2.3%.
BUY
One of his favourites. Fits into the long-term theme of Canada providing resources to developing nations. Feels that China will have a soft landing.
COMMENT
Very good business. Their big exposures are to copper and metallurgical coal. Have a lot of valuable mines and assets. As good a company to own as any in Canada.
BUY ON WEAKNESS
Has been very volatile. If things don't turn out well in Europe, people start worrying about the economy and the demand for base metals. It could easily take another hit. Almost in a trading range. If you see it get below $35, it is definitely a buy.
COMMENT
There is a slowing global economy. The big engines of growth are the emerging markets and they are slowing. In the short term, this company has downside risks. Wouldn't want to pay more than $30 a share for this one right now. Iron prices are we and coal prices will catch up.
DON'T BUY
A little bit early to be investing in this right now. There is still a downward cycle and is trading below all the moving averages. If you own, sell if it drops below $35. Long-term target would be $40, but not before the summer.
BUY
Share price suffered quite a bit as the Chinese economy has been slowing. The Chinese government is now focused on getting their economy growing again, which is a positive for resource stocks. Very attractively priced.
DON'T BUY
China, which has been pretty much immune to problems, is now having difficulty exporting. She reduced her exposure to base metals earlier this year. Likes it for the long-term, but in the short term there is not that much good news.
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