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

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

98.76

-0.22 (0.22%)

as of Aug 26, 2026, 8:00:00 pm Market Open.

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Investor Insights

Aug 26, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Teck Resources Ltd. (TECK.B-T) is currently navigating its planned merger with Anglo American, a development generating a mix of cautious optimism and skepticism among analysts. The merger is seen as a potentially transformative move, positioning Teck as a major player in the copper market, especially as demand for copper surges due to the growth of AI and data centers. Analysts express concerns about execution risks and past performance, particularly related to the QB2 mine. Nonetheless, there is a general belief that if the merger successfully progresses, Teck's valuation could improve, and it may attract institutional investors. The discussions underscore the importance of commodity prices, particularly copper, and how they influence investor sentiment regarding resource stocks, which are often affected by fluctuating markets and geopolitical risks.

Consensus

Hold

Valuation

Fair Value

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O’Reilly

We reiterate this Canadian based copper producer TECK.B 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. The company trades at 9x earnings and 1.2x book -- a good re-entry point here. Recently reported earnings showed a 36% increase in revenue and 31% in earnings. We like that cash reserves are growing while debt is retired and shares are bought back. We continue to recommend a stop at $46, looking to achieve $66 - upside potential over 22%. Yield 0.8%

(Analysts’ price target is $65.67)

BUY

Target price? Base metal cycle lasting through 2024?

He doesn't know where it's going to go. Best Canadian play in the base metals sector. Collapsing the dual-class share structure will, generally, be helpful to the company. The cycle will run longer than people think. Inflation will fuel commodities' sustainable run to the upside.

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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1550+ opinions with 4.81 rating (one of the best performing expert).

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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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

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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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

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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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

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)

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