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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.
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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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FCX, Freeport
DON'T BUY
Thinks company will survive but is in a very bad place. Timing in terms of the coal acquisition could not have been worse. Debt is staggering. Selling assets will go a long ways to addressing the current debt problem. Have $5.4 billion debt facing them in October, which will be a challenge.
DON'T BUY
There is no huge rush to own this. Have a lot of financing to do. Good assets. Canada has lost its senior mining positions and this is the company we are left with. This is a problem for sector players.
BUY
Looking out 2 to 3 years this is a great Buy. It is unfortunate that they got into the debt situation because of Fording but coal prices will come back. Regarding copper, China is buying now to build up their supplies to help their infrastructure boom.
SELL
(Market Call Minute.)
BUY
Highly levered situation so it is risky. Thinks it will make it and will probably double from here.
DON'T BUY
Of the $11 billion they owe, 6 is due later this year. They may have to go into some form of court protection. May not be able to raise enough cash to pay debts. But coal prices have not come off as much as feared, copper has rebounded and they have managed to sell some small things.
DON'T BUY
20% stake in the Fort Hills project. You have to know if the possible merged company of Petro-Can (PCA-T) and Suncor (SU-T) will go ahead with the Fort Hills project or not. Have a high debt level with a lot needing to be refinanced fairly soon. There is a lot of risk here.
DON'T BUY
(Market Call Minute.) Wouldn't touch it right now. Would rather own the bonds as opposed to the debt if he had a choice.
BUY
(Market Call Minute.) Nice base. If it breaks through $5 it is going to take off.
HOLD
Ultimately it will come right. Changed itself from cash-rich to huge debt. Selling off assets and reducing its debt. Will improve greatly if commodities go up.
DON'T BUY
Likes metals. Biggest risk right now is the financing that will be needed. Have to rollover debt so are little constrained. Won't necessarily benefit from a turnaround in commodity prices. Will have to sell off some of their assets at cheaper prices.
DON'T BUY
If they can make it through this tunnel, they'll have quite a bit of leverage on the way back up. Copper has been having a nice bounce. If it goes above $2 he'll start considering the metals.
DON'T BUY
Thought the Fording Coal acquisition was ludicrous and he made a mistake in not Shorting. You have to have a really strong stomach for this now. Twice as volatile as the Composite Index.
COMMENT
Hit by a perfect storm. Bought Fording Coal at the peak and took on a lot of debt. The big thing facing them is a big payment due in October. In order to make that payment they will have to sell some assets and this is not the right time.
PAST TOP PICK
(A Top Pick Feb 8/08. Down 89.2 %.)
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