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.
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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. (TECK.B) is currently seen as a captivating opportunity in the copper market, particularly due to its forthcoming merger with Anglo American, which analysts believe could enhance its global standing in the industry. While some experts express caution given execution risks and recent price volatility, many highlight the strong long-term copper demand driven by sectors like AI data center construction. The stock has experienced a significant run-up, leading to mixed sentiments around its current valuation, yet there is optimism regarding potential upside as the copper prices stabilize. Several analysts encourage holding the stock amid this transition and view the merger as a strategic move to address challenges related to the QB2 mine and ensure future growth.

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Consensus
Mixed
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Valuation
Fair Value
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TOP PICK
Have cleaned up their debt, extended terms and reduced interest costs. Diversified mining play so you are not betting on any one commodity. Great way to play the infrastructure demand that is going to continue. 1% yield.
BUY ON WEAKNESS
Bought today. Gives bets leverage of any of the miners. Balance sheet has really improved and sees them using it to make acquisitions. Good buy here.
BUY
Seasonally Metals and Mining sector from the end of January until May tends to do quite well. Has a 7.7% on average last 21 years 75% of the time. Technically chart shows a resistance at around $48 which it broke through in 2010.The pull back at the beginning of the year was when the sector got hit a little bit. Has support at $48 now. Could have a little more pull back but will go up again.
COMMENT
Took quite a bit of profit and reduced his positions. Looked like it was selling off but didn’t get down to his Buy point of under $50. Australian weather problems have tightened the coal market up. Coal is going to be a good export market for them.
BUY
Premier base metal mining company in Canada. Good exposure to coking coal, which he likes as well as copper and zinc. Should be a core position in your portfolio. Once it gets below the low $50s and high $40s you can start to accumulate and over the next year or two it should do very well.
DON'T BUY
Likes coal but preferred playing it through Westshore Terminals (WTE.UN-T), which he recently sold. Finds their balance sheet too levered for his style of investing.
BUY
The risk trade is back on again. This is giving you an opportunity to get back into a great situation. He is intrigued around these levels.
TOP PICK
It’s time to start adding base metals and this is a great way to play it.
BUY
Missed their earnings but only because they didn’t sell their entire inventory in the quarter so ended up with excess inventory. This is a great entry point. Coal and copper are still very strong.
DON'T BUY
Disappointed in earnings last week and took about a 10% hit. Not cheap at this point. Prefers Sherritt (S-T), which gives you coal and nickel. Trades at about 25% discount to its NAV. while Teck trades at a premium.
WAIT
Would be a bit cautious short term, but ok longer term. You are seeing some weakness in the emerging markets. You should be seeing some profit taking. It is a great story and he would buy it in the low $50s.
PAST TOP PICK
(A Top Pick Feb 10/10. Up 64.92%.) Expecting good upside on coal and copper. Any time it’s under $60 is a good time to start acquiring.
BUY
Large exposure to metallurgical coal and copper, which are in really good shape. Pull back yesterday was disappointment on volumes on coal and some of the realizations on prices. A Buying opportunity.
BUY ON WEAKNESS
Would like to get it at 5%+ lower levels. When looking at a resource stock you have to look out 3 years, take a look at the growth in developing nations for population, food requirements, etc. Likes it long term.
COMMENT
Had a 10% correction this year. Short term momentum indicators are way oversold right now and are setting up for a point of entry. Mainly zinc, copper and coal and seasonally these 3 all turn positive around the end of January.
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