Teck Resources Ltd. (B) (TECK.B.TO) Buy, Sell…

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

95.46

-1.64 (1.69%)

as of Oct 13, 2026, 8:00:00 pm Market Open.

552 watching

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.

COMMENT

Market was concerned last winter that they had taken on too much debt and would have to default. Was successful in replacing $4.5 billion, which has restored stability to the balance sheet. Has been a bounce back in mineral prices. For them to make a lot of money their bet on coal will have to make a lot of money. Stock is probably fairly valued.

BUY

Has come up from the edge of bankruptcy. Looking at the debt reduction measures they have taken and the upside on the underlying commodity price stock could easily be in the mid-$20's or $30 over the next 12 to 24 months.

COMMENT

(Market Call Minute.) Thinks there are better places to put your money but over the long term should do fairly well.

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BUY

Very good exposure to copper, zinc and metallurgical coal. All 3 are very strong right now. Restructured and lengthened their ability to repay. Very likely they could find a partner for their met coal production.

TOP PICK

Had a near-death experience when it acquired Fording Coal. Took on a vast amount of debt. Has some good growth. Zinc prices are high. Feels the coal price is going to re-strengthen and they're going to sell off 20% of it for a very good price. Remaining debt is in US$ so they drop in that will be very helpful to their balance sheet.

TOP PICK

The only major mining company, outside the golds, that we have left. Has sorted out its financial affairs. Some very good mines. Very much levered by coal and then by copper. Try to buy at $18 or under.

BUY

This is a stock you have to own. It has had a lot of problems but that's where opportunity lies. It's a stock that will lead out of a recession. Has a lot more to rally from here.

BUY

Bought coal right at the top of the market and vote themselves up with huge amounts of debt. Then the whole banking system shifted into low gear. Solved their short-term debt and then did some longer-term debts have various terms.

PARTIAL BUY

Have now got their financing done. Not a huge rush to be buying now but would buy half a position now and on weakness buy the rest. Longer term looks quite good for base metals/materials sector.

BUY

(Market Call Minute.) You have a long-term horizon to get out of their mess. If you are short-term investor, you could see a pullback to $13-$14.

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