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. 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
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Valuation
Fair Value
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FM,L
SELL
Very strong seasonal characteristics. Seasonality is tied to base metals and coal around the end of November through to the end of April. Seasonal strength will probably be late this year.
PAST TOP PICK
(A Top Pick June 10/09. Up 75.98%.)
COMMENT
Going forward this will be a very swinging stock. Market sentiment related. Net asset value is low $40's. A Buy in the low $30's and a Sell in the high $30's. If you are a trader, you can probably do that a few times.
PARTIAL BUY
Would start to nibble at this a little. Well exposed to global growth.
WATCH
Dropped below the 50 and 200 day moving averages and is now bumping up against them so he would watch to see if it can break above that. In general he likes the material space.
TOP PICK
Sell Oct $35 Put @ $2.50. If the stock is above $35 come October, you keep the $2.50. If the stock is Put to you, you buy at $35 less that $2.50.
PAST TOP PICK
(Top Pick June 15/09, Up 75.41%) A favourite company. Trimmed a bit.
SELL
We are now seeing action below the trend line. It’s been volatile, as has the market. There are good fundamentals and they may play out.
RISKY
Near death experience. People are worried about the Chinese economy. There is no doubt that coal prices are weakening. There is an inventory of steel building up and this affects Tek. He would buy for only the more aggressive clients.
PAST TOP PICK
(A Top Pick April 28/09. Up 229%.)
WAIT
Has come off mainly because of fears of collapsing base metal prices, which reflect a fear of a slowdown in China. What isn't being reflected is Chinas tremendous continuing demand for coal.
TOP PICK
Could be down another 10% near term so don't be in a hurry. Comfortable that it should be back to its highs in 12 months. Debt is manageable. Back in growth mode in copper and coking coal (about 80% of EBITDA). Core holding in Canadian metals.
DON'T BUY
He has pulled back on the commodity stocks. Will watch the Chinese economy and see if it can maintain itself. Chinese market has been going sideways for most of this year. Prefers stocks with yield so that he gets paid while waiting.
DON'T BUY
This is a bet on coal and coal pricing. This involves steel demand in China and how much they will pay for high-quality coal. Feels cold could come down because of overcapacity in steel.
SELL
(Market Call Minute.) Has had a huge run and metal prices look like they may be vulnerable in the near term.
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