TSE:TECK.B

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

85.38
+1.45 (1.73%)
as of Nov 6, 2026, 9:00:00 pm Market Closed.
552 watching
0
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.
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.
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