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TSE:TECK.B

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

97.77
-0.99 (1.00%)
as of Aug 27, 2026, 7:59:59 pm Market Open.
551 watching
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Investor Insights
star iconAug 27, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Teck Resources Ltd. is currently in the spotlight due to its planned merger with Anglo American, which could create a significant player in the global copper market. Experts present mixed views; some express concerns about execution risks associated with the merger and the fluctuations in commodity prices. Many see potential upside if the merger is successful, particularly given Teck's strong cash flow potential when copper prices are favorable. There are opinions suggesting investors might consider buying TECK.B at its current price or waiting for a possible dip post-merger vote, which is set for December. Overall, the long-term outlook remains positive, provided the issues surrounding the QB2 mine are resolved and copper demand continues to rise amidst global economic trends.

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Consensus
Hold
valuation icon
Valuation
Fair Value
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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.
HOLD
Cliffhanger story. Acquired Fording Coal at the top of the market and paid too much for it. Biggest independent mining company in Canada. Have a lot of good assets but a huge debt problem. Selling assets and wouldn't be surprised to see themselves some of their coal assets. He feels they will be able to do the things they want but there is a risk.
COMMENT
Many of the cyclical companies are very levered. The debt on this company is very expensive for anybody considering a takeover.
DON'T BUY
Got into a problem and are working to extricate themselves. Quite a bit of risk as they have a highly levered situation.
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