TSE:TECK.B

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

92.56
+1.54 (1.69%)
as of Aug 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

Teck Resources Ltd. (TECK.B) is currently in the spotlight due to its proposed merger with Anglo American, which many analysts believe could position the combined entity as a significant player in the copper market. The merger is generally viewed positively, with potential long-term benefits through enhanced valuations and reduced geopolitical risks. However, execution risks remain a concern, particularly given disappointment with the QB2 mine's performance over the past year. Some experts advocate for buying TECK.B if you believe in the prospects of the merger, while others suggest waiting for a dip post-merger approval. Overall, while there is bullish sentiment regarding copper prices, caution is advised due to market volatility and uncertainties around the deal's execution.

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Consensus
Bullish
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Valuation
Fair Value
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TOP PICK
He has held this for quite a while but in the second quarter sold some due to a big drop in commodity prices going into the summer. Now there are some very good opportunities in the space so he is buying back in. The short to medium outlook is good. Buy 20 Hold 4 Sell 0 (Analysts’ price target is $52.09)
BUY
Is a good company to hold long term. Minerals are going to be in demand looking into the future. Recent market selloff has had negative affect on share price, but believes this is short time.
SELL
Time to invest in commodity names was 2 years ago. They've done well, but now you're chasing the last 10%. He'd be more of a seller.
SELL
Copper and met coal. Chart shows it was last at this level in 2007, which was the peak before the 2008 financial crisis. He'd look for an exit, that's why they're called cyclicals.
WEAK BUY
A good, well-managed company. All the materials still have a fair amount of upside. Over 1x price to book. Not a bargain, fairly priced. You want exposure to the materials. Modest yield.
PAST TOP PICK
(A Top Pick Jul 09/21, Up 74%) Materials gained since last year because of supply constraints that continue partly due to Russia. He still holds it, though isn't adding to it. He will start taking profits on this.
TOP PICK
It gives exposure to several metals commodities. It has been wildly volatile over a long time and now has bounced back to its book value. Fair market value is 185% above price, With a breakout above its technical level it could easily double or more. Also based on its own history. Buy 18 Hold 4 Sell 1.
PARTIAL BUY
Ability to benefit from a resurgence of NA production of just about everything. It will be sustainably strong due to a return to domestic production. Already had a big move, so better to buy just a little bit, perhaps 25% of your total position.
HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has profited from the materials rally. Trades at just 5x earnings since investors question the sustainability of the move. War in Europe should keep metal prices high for a while. OK holding this for longer. Unlock Premium - Try 5i Free

Unspecified
It is working so let the winners run. April is good for Teck since April is commodity month, the best month of the year for commodities, maybe not as much with gold and silver. On a seasonal basis start selling in early May.
TOP PICK
It has done well with the coke and coal division which it could possibly sell off. This would raise money to focus on copper which has broken out since there is a deficit of copper globally. It's new CB2 project is one of the largest and should go into production this year. It has a strong balance sheet and top tier assets. Buy 18, Hold 6, Sell 1.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The sector has a bit of legs, although interest rates should be kept in mind. It will also be affected by how China’s economy plays out. The fear of inflation and not much action in other sectors, it could be a good sector. Good for general resource exposure. Unlock Premium - Try 5i Free

SELL
Long-term, great operators. Loves their migration to copper. Next quarter or two will be at risk. More downside than upside in coal. He sold, and is looking for more pure plays in copper.
BUY
TECK.B vs. RIO Similar companies, with one big difference. RIO gets 65% of revenue from iron ore. TECK.B is more focused on coal, zinc, and energy. He'd choose TECK.B today. RIO will be OK, but suffering because iron ore prices have come down. This will ultimately reverse. Looking out 3 years, both should do quite well.
PAST TOP PICK
(A Top Pick Jul 09/21, Up 18%) He still thinks there is a little more room to run. One of the challenges is whether the rally in commodity prices can continue to outpace the costs.
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