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

COMMENT

Asset value right now is about $15-$18, about the price of the current stock price. If you believe we have a decent economy and coal, zinc and copper prices go higher $35 would be possible.

WAIT

Long-term it is a great hold. He is a little bit cautious on it at the moment. He owns some and will be adding to it when the signals are right.

SELL

Percentage wise has had a really nice bounce off its lows from death’s doors. Thinks it is out running its FMV and needs to have things like coal come through. He is taking money off the table.

DON'T BUY

Coal prices came in much higher than expected after Christmas. As a resource person he has to follow the stock but management failed on the last 4 transactions. Now they have to go through asset sales. Huge amount of uncertainty here. Total speculation on the price of commodities. Prefers Westshore Terminals (WTE.UN-T).

BUY

Just sold $4.5 billion worth of bonds. Copper is backed up over $2 a pound. Zinc is waking up a little bit and still has a long ways to go. Coal coking contracts came in a little stronger than people expected. Not too late to buy.

BUY

Bought at $6 as he felt it was highly likely they were going to get through refinancing themselves. Thinks it can go a fair ways higher. Economically sensitive. Good risk/reward.

HOLD

Good company. Well diversified geographically and in metals. Their most important commodity now is coal. Rallied because it came back from the brink of a financial crisis. $10 billion of debt because of the Fording acquisition. Until balance sheet is stabilized a little further, he would stay away from this.

HOLD

Has tripled from its bottom, which is very unusual. Would worry if this went down to $10 but that is a good support level. Use this as your stoploss.

BUY

Took on a lot of debt with Fording acquisition last year. Has been moving up and there is more upside. The key is to watch for a recovery in the steel sector. Thinks it will happen but could take a couple of years.

DON'T BUY

Sold his holdings because of the huge debt they had taken on. Things have improved with a huge bond financing. In the short run, stock is probably ahead of itself.

HOLD

The big over hang is away from the market. A lot of the shorts may have covered.

TOP PICK

They have things they can sell off. They got their deferrals on debt. Last giant in this area.

DON'T BUY

More volatility ahead. Great news that they were able to get their debt extended. Not a cheap stock.

WAIT

Model price about $14-15. Got a little leeway on their debt today. If it goes higher than $12, it takes some risk out of their stock. Could be in their portfolio by end of week. Debt is not insurmountable.

DON'T BUY

There are a lot of uncertainties regarding their debt but some things are starting to fall into place through asset sales. Have a debt payment coming due in October and will have to sell more assets. Copper prices are moving in their favour. Thinks they will fight their way through it. It’s in the upper end of its trading range.

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