TSE:TECK.B

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

77.15
-1.28 (1.63%)
as of Jul 17, 2026, 7:13:55 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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PAST TOP PICK
(A Top Pick April 28/09. Up 269%.) Have taken some profits but has purchased more. Still a Buy.
DON'T BUY
(Market Call Minute.) Not very well positioned if there is some bad news in the steel industry.
COMMENT
Diversified mining company with a lot of copper, zinc and coal. Sold most of their gold resources last year to pay down debt. Will try to joint venture with small gold companies but don't want to be a full scale gold miner.
BUY
(Market Call Minute.) Likes where they are going now. Upward revisions to their earnings. The Fording acquisition is starting to look good.
DON'T BUY
Reaching the top part of its history
WAIT
Moving average is rising, doing well. Had a correction recently. You should be waiting for a breakout above the high before correction. Stop would be at the low in the recent correction.
WAIT
Coal prices are going to go higher. China has a shortage. Will probably renegotiate at higher prices. Trim a bit at these prices or buy on pull back.
SELL
(Market Call Minute) Prefers BHP.
TOP PICK
Take advantage of the volatility currently going on. Good possibility that they will reinstate the dividend this year. Clean balance sheet, good growth and generating free cash flow. Could see more downside on copper but very confident on metallurgical coal.
BUY
This is now a coal and zinc story. Coal prices have been rising strongly, which is a good sign for steel demand. Zinc has come up quite strongly.
WEAK BUY
Copper? Bellwether on economic growth. 2008 was pessimistic and 2009 was optimistic. With Chinese central bank tightening actions, thesis of growth in China and developing countries has trailed off. This one would be a way of playing copper and has a reasonable valuation.
BUY
Just entering the seasonal strength for base metals sector. Historically has been around the end of January through until the 2nd week of May. He is now seeing classic, short-term momentum Buy signals.
DON'T BUY
At these metal prices, it is fairly valued. They have good assets. Management did 4 disastrous things. Don’t take the risk – buy Westshore. Wait until management shows they aren’t going to do this sort of thing.
COMMENT
Primarily coal, which has a lot of demand from China. Concerns that China will be putting brakes on growth have had a fairly major impact on all base metals. As fear eases, this will go back over $40 eventually. Will probably wait before reinstituting an aggressive dividend policy.
DON'T BUY
Big player in copper/gold. Doesn't like the base metal sector generally as it is highly cyclical and volatile. If it pulled back to the lower $30 level he would look at it.
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