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

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

85.38

+1.45 (1.73%)

as of Nov 6, 2026, 9:00:00 pm Market Closed.

552 watching

DON'T BUY

Takeover bid now

TECK has nearly gone bankrupt twice--too risky. The situation is interesting for shareholders. He does like how a Canadian company, Teck, is standing up for itself.

HOLD

Dual share structure. Family has voting control. In better shape than ever. $8B in cash, paying down debt, increasing dividend. Issue is upcoming vote to split company, which would make a takeover difficult, thereby keeping the two new companies Canadian. On a takeover, dividend would get rolled into the one from the acquiring company.

PARTIAL BUY

Is now rebuffing a takeover bid

It's in an interesting space. Copper and gold remain attractive. The stock moves around, but always has a fantastic balance sheet. Shares have soared with the takeover news, but you can still buy this.

WATCH

On his watchlist, part of his bull market game plan. Macro risks could still pull shares lower. There are few names that are more cyclical than copper. With the coal spinoff, TECK will be unencumbered by that legacy asset. The "new" TECK will be more focused on nickel, copper, and other metals. EVs provide growth prospects. Cleaner balance sheet than before.

DON'T BUY

Does not own shares in the company.
Lots of people wondering why company splitting out assets.
Highly cyclical company that looks for commodities.
Better to invest at bottom of market.

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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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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)

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