TSE:TECK.B

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

84.94
-5.04 (5.60%)
as of Jun 23, 2026, 7:10:24 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
BUY ON WEAKNESS
Has come back from the dead. Struggled with the huge debt load and has it reduced. Have great coal and zinc assets. Possibly has run too far, too fast. Would prefer it in the $15-$20 range.
DON'T BUY
Short? You are taking a major risk in shorting a high beta name like this. Doesn't particularly like this stock. Other names in the material space that he would consider buying would be Northgate Minerals (NGX-T), Grand Cache Coal (GCE-T) or Cascades (CAS-T).
DON'T BUY
Have made a remarkable recovery but have been doing so by selling off pieces of the company and diluting old shareholders. What we have seen lately is over exuberance in the market, which may not be well founded.
TOP PICK
We don't have many mining companies left in what ought to be a continuing great bull market in the metals. Sorted out their terrible death situation that they acquired with their purchase of Fording Coal.
DON'T BUY
All about believing they fixed the balance sheet after buying Fording Coal. If you believe in the return of commodity prices, particularly zinc and coal, it is not overvalued. He thinks there may be a ways to go before steel comes back.
COMMENT
One of Canada's great metal companies. If you believe in the scarcity factor, there is not much choice for a senior play. A bit expensive. He is looking at metals but outside of Canada.
PAST TOP PICK
(A Top Pick July 21/08. Down 39.22%.) Sold in January at $5.30 for a loss of 87%.
BUY ON WEAKNESS
Seasonally metals stocks tend to pull back a bit over the summer. Company did a great job in turning itself around. Appears that metallurgical coal pricing is improving. Try to buy below $20.
TOP PICK
Coking coal prices is what drives their operation and appears to be heading higher. In the last 6 months they have done a lot of financial engineering and got out of a death grip.
SELL
Metallurgical coal question. Met coal is a funny market in that you get a lot of yearly contracts signed March-April and there is no spot market. They were overwhelmed by their takeover of Fording and they have done a lot of things to fix it. Stock has recovered somewhat. Not much upside because new contracts won't be signed until next spring.
DON'T BUY
Doesn't like this one. Produces 4 commodities including coal, zinc, copper and molybdenum. He is very bearish on the economy and thinks it will stay weaker way longer than people think. Therefore demand for these commodities will be weak for a year or two and the price will go down.
COMMENT
Likes this company. Although he has not been buying base metals, when the inflationary move begins to happen, which he expects, it will be because of a diversification out of the US$ into hard assets. From a long-term perspective, this company make a lot of sense.
COMMENT
Tremendously leveraged to commodity prices. Also tremendously financially leveraged. Announcement that Chinese are buying into the company removes the partial overhang that they would have to issue equity and sell assets. Today's price move was a little overdone.
DON'T BUY
Have done a wonderful job manoeuvring through their debt load but given where coal, copper and zinc prices are it is pretty fully valued. Would look at it if it dropped to $15.
DON'T BUY
Trading at 13.5X forward PE. Not much earnings growth and next quarter's earnings looks to be negative. There are better names out there.
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