TSE:TECK.B

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

84.73
-5.25 (5.83%)
as of Jun 23, 2026, 8:00:00 pm Market Open.
549 watching
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Investor Insights
star iconJun 23, 2026, 12:00 am

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

Teck Resources Ltd. is currently navigating a complex landscape as it prepares for a significant merger with Anglo American, which has caught the attention of various analysts. While some experts express concerns regarding execution risks and recent production challenges, particularly with the QB2 mine, many also highlight the sound fundamentals of Teck as a major copper producer. Copper demand, stoked by industries such as AI data centers, presents both opportunities and challenges, especially amid fluctuations in oil prices that could dampen overall commodity performance. The upcoming merger is anticipated to enhance Teck's standing in the copper market, with analysts noting the potential for improved valuation and reduced geopolitical risks. Overall, sentiment remains mixed as investors await the merger's outcome and assess Teck's operational stability.

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Consensus
Hold
valuation icon
Valuation
Fair Value
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FM,L
HOLD
It all depends on metallurgical coal, which still looks strong. Steady copper market. Their Red dog zinc mine is one of the most important in the world.
WAIT
His target is $5 lower, which he would consider a good technical entry point but looking into 2012, it depends on the US economy.
DON'T BUY
Stock has dropped considerably. Short-term outlook may be interesting, particularly around the nuclear situation, which could be a good thing for coal although their coal is primarily metallurgical. Most of the demands for materials are coming from China and he feels their growth is going to slow considerably.
BUY
Very volatile trader. Likes at this price and there is probably a trade between $50 and $60. Looking for it to eventually end up higher than $55-$60, so would be looking for an upside of 15%-20% over 18 months.
WATCH
Benefiting form coal and copper prices. Contracts have just been signed for metallurgical coal for $330, about 50% higher than last time. If it came down to below $50, he might give this one a look.
HOLD
Did resolve Elkview mine issue to end the strike. It could get back to $60 with the markets and the momentum, then sell it. First quarter results aren’t going to be great as they gave an earnings warning previously.
COMMENT
Doesn’t think the stock is going to fall apart but feels the easy money has been made. This was a high momentum play so it’s a late stage momentum play. Will probably have another run but it’s a high-risk play. Would move down to a lower risk story.
BUY
It’s on her watch list. Likes the coal and copper because those are commodities that China needs. Went through financial crisis and strengthened its balance sheet. There is a strike at one of their mines but that you may want to see resolved. Silver may have topped out, but it is a smaller component than copper or coal.
DON'T BUY
Recently had lower production levels in their copper. Also their BC coal mining operation is still on strike. Would like to see an increase in production before looking at it.
BUY ON WEAKNESS
Double top in January. In a great space. Support at $47.50. He would like to own it – maybe next week.
SELL
He has been telling people to sell their material stocks. It is breaking down here. Watch it very carefully. Model price is around $70 range but if something happened, say in China, this one has a ways to fall.
BUY
It’s a global company and the pull back is a good opportunity to buy it. The demand for commodities is still strong but the ride is going to be rough.
BUY
It has been affected negatively by strike issues. He likes it. It virtually bounced off the 200 day moving average. It is going to benefit going forward from China if not Japan. Thinks this company will continue to go up.
BUY ON WEAKNESS
$65 was overvalued. If you lop off the peak, high $50s is more of a reasonable peak. It was a bit frothy at the top. The pullback is justified. Under $50 it is probably a buy. It would be interesting to look at again.
DON'T BUY
As it pulls off at this time it starts looking attractive but he prefers in the $30’s. They are betting on the big coal/steel market going forward and he just finds there is not enough certainty to it. You are really exposed to any sort of softness or disruption in China.
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