Teck Resources Ltd. (B) (TECK.B.TO) Buy, Sell…

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

95.46

-1.64 (1.69%)

as of Oct 13, 2026, 8:00:00 pm Market Open.

552 watching

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.

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).

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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.

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