TSE:TECK.B

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

77.01
-1.41 (1.80%)
as of Jul 17, 2026, 7:25:49 pm Market Open.
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Investor Insights
star iconJul 17, 2026, 12:00 am

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

Teck Resources Ltd. (TECK.B-T) is involved in a significant merger with Anglo American which analysts view as a pivotal event for the company, potentially enhancing its position in the copper market. Many experts highlight the importance of the upcoming December 9 vote on the merger, suggesting that it could lead to greater institutional interest and a stronger valuation in the long-term. There are mixed feelings about the execution risk associated with the merger, alongside concerns regarding production issues at the QB2 mine and fluctuating copper prices. Overall, while some analysts express caution and prefer to observe the stock before purchasing, others recommend holding for potential upside, particularly if copper prices remain strong and the merger materializes favorably. The sentiment reflects a blend of optimism about both the merger and the copper market's demand, although with a note of caution given recent performance fluctuations.

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Consensus
Hold
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Valuation
Fair Value
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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.
HOLD
Has dropped in the correction. A lot of people have significant capital gains built into this so there could be profit taking. Well run. Quite a bit of production loss on Australia coal so the coal side is very positive and the metals side remains OK as well. If it dropped close to $50, he would be a Buyer.
BUY ON WEAKNESS
Likes this for the medium to longer term but it will be very volatile. Has had a tremendous move. Recently announced that coal production will be down a little but should be offset because of weather conditions in Australia. Would take advantage of price dips.
TOP PICK
(A Top Pick Feb 20/10. Up 82.73%.) Sees a lot of upside over the next 10 years.
BUY
Ranks in the top 10% of his ranking system. Produces met coal and copper, which are in strong demand.
HOLD
Has had a big run but wouldn’t want to be chasing at this price. The only major mining company left in Canada. Will benefit from the growing global economy.
BUY ON WEAKNESS
Quality Canadian name, good core holding. Flirted with being insolvent in the credit crisis. Re-initiated a small dividend again. Can it go further – yes. Momentum could certainly carry it higher. Firing on all cylinders. Not cheap valuation-wise. If you are short-term trader, there is some momentum still in there but if long-term, perhaps wait for a pull back (5-10%).
BUY ON WEAKNESS
A good company. Nervous in the near term. China is the big demand driver for coal and Teck is vulnerable to this with China cutting back. In 3 years he thinks they will see a big drop in demand.
PARTIAL SELL
Has been a very good sector. Has just started to roll over. If you own, you could start taking partial profits. Could probably pick it up at $51-$52 again.
BUY ON WEAKNESS
Everything is going their way in terms of commodities, production, prices, etc. but has had a huge run. There might be another $10 in it. Would be inclined to Buy on a dip.
BUY ON WEAKNESS
Expensive right now. Would prefer it $10 cheaper ($48?). You could consider Inmet Mining (IMN-T), which is primarily copper and is more reasonably priced.
COMMENT
Has resources China needs, met coal and copper. Recent announcement on Fort Hills so Suncor (SU-T) and Total (TOT-N) will develop the project, which is positive for them. Has had a good run and certain segments of the market are over bought so there could be a pull back but longer term a good solid core holding.
BUY ON WEAKNESS
Looking at it. Expect stock will be higher in a year based on continuing demand for coal, copper, etc. by developing nations. Feels market is currently overvalued, so would like to see it $3 to $5 cheaper.
BUY
Given that we are in a strong market and that coal and metals are one of the strongest parts of the market, this one is in the sweet spot.
BUY ON WEAKNESS
A lot will depend on the speed of the global recovery. Has done extremely well this year. Starting to get a little rich and would wait for a pull back.
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