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

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

88.93

-2.09 (2.30%)

as of Jun 19, 2026, 7:59:59 pm Market Open.

549 watching

Investor Insights

Jun 21, 2026, 12:00 am

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

Teck Resources Ltd. (TECK.B) is at a pivotal moment as it navigates the complexities of its merger with Anglo American and the ramp-up of mining production. Analysts have mixed reviews regarding the execution risk tied to this merger, along with growing demand for copper particularly driven by advancements in AI and data centers. Despite concerns over fluctuating copper prices, many experts highlight the potential for this new entity to become a significant player in the global copper market, benefiting from better valuation and less geopolitical risk compared to its peers. Short-term volatility is expected given recent price fluctuations, but the long-term outlook remains promising, provided the merger successfully goes through and production issues at the QB2 mine are resolved. Overall, confidence in Teck is bolstered by its clean balance sheet and substantial cash reserves.

Consensus

Hold

Valuation

Fair Value

Similar

Freeport-McMoRan, FCX

BUY

Has spun out its coal operator, drawing accusations of greenwashing. Had surged 309% over 3 years. Copper and zinc which Teck produces which will important in the green revolution. Is an M&A target. Has big exposure in Chile, a plus.

BUY

It will become more of a pure play metals company and with more copper production will benefit from the shift to EV's. Buy either A or B - it is simplifying its share structure. It is outperforming the sector and the materials market itself should outperform.

DON'T BUY

Not a good company to invest in right now. Strong balance sheet, but cyclical stock with commodity based product. Current share price at 15 year high. Not a good time to invest. Global recession will impact share price.

BUY

Materials sector looks to be shaping up. China restarting. USD declining. Historically, when USD goes down, commodity prices go up and TECK will be more profitable. Underinvestment in the materials sector, could see an uptick. A go-to name for US institutional portfolio managers.

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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK

(A Top Pick Nov 24/22, Up 18%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TECK.B has achieved its target at $54. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $42) to $46. If triggered, this would result in a net investment gain of 8% when combined with our previous buy recommendation.

DON'T BUY

Resource companies are too cyclical for him, especially if we're going into slower economic growth. Volatile in general. He'd rather own a Canadian bank, which have all become less cyclical as money comes from different areas.

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PAST TOP PICK

(A Top Pick Nov 24/22, Up 11.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TECK.B is progressing well. To remain disciplined, we recommend trailing up the stop to $42 at this time.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly TECK.B is reiterated as a TOP PICK. The global economic recovery and trend towards decarbonization will require massive inventories of copper -- and the world is short this commodity. Goldman Sachs projects copper prices to reach $15,000 per tone over the next three years, compared to this summer's low under $7,400. The company trades at 6x earnings and under book value -- a good entry point here. It intiated a $1 billion share buyback program. The company plans to open another copper mine that will double its output. We recommend trailing up the stop loss (from $33) to $38, looking to achieve $54 - upside potential over 17%. Yield 1.1% (Analysts’ price target is $53.36)

DON'T BUY

Inflation is a big negative for commodity companies. Costs of production and energy are skyrocketing. Diesel is hugely expensive now. Might get a boost on the commodity topline, but bottom line has an inflation rate all its own.

BUY

Stock up 25% over the past year. Demand for base materials has been strong. Concerns of new projects being delayed not a worry. Large amount of deposits. Will continue to do well. Good long term prospects.

BUY

Great. Chile mine is on time, on budget. Valuation and growth rate make sense. Could be a takeover target. Hasn't come down too much in this bear market. Thirst for copper for years to come. One to own for the next 5 years.

HOLD

Largest mining company listed in Canada. Three sources of production (coal, Zinc, copper). Very high quality of deposits. Building new projects.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly The Vancouver based diversified natural resource company (including copper, steel, gold and fertilizer) with an $18 billion market cap is a TOP PICK. It trades under book value and at only 5x earnings. EPS has grown by 33% annually over past three years. Its ROE is impressive at 23%. It is just good value. We recommend setting a stop loss at $33, looking to achieve $56 – upside potential of 21%. Yield 1.09% (Analysts’ price target is $55.85)

WEAK BUY

Mining stocks have seen a pullback, mainly due to increases in capital cost inflation, labour, and transportation. Coal sales have been relatively strong, though coal price may be more variable going forward. Modest yield. Well priced. Could be a long-term investment.

TOP PICK

He has held this for quite a while but in the second quarter sold some due to a big drop in commodity prices going into the summer. Now there are some very good opportunities in the space so he is buying back in. The short to medium outlook is good. Buy 20 Hold 4 Sell 0 (Analysts’ price target is $52.09)

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