TSE:TECK.B

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

92.76
+0.20 (0.22%)
as of Aug 6, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 6, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

Experts have mixed feelings about Teck Resources Ltd. amid its proposed merger with Anglo American. While some analysts express optimism about the long-term benefits of merging complementary assets and the potential to become a major player in the copper market, others highlight execution risks associated with the deal. Recent performance shows strong copper production and earnings beats, but fears persist regarding the dependency on copper prices and geopolitical factors. The upcoming vote on the merger and the company's challenged QB2 mine have led to cautious sentiment among investors. Overall, while some analysts view the stock as a good opportunity, others advise waiting for better entry points post merger completion.

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Consensus
Cautious
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Valuation
Fair Value
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HOLD
(Market Call Minute.) Can't have full confidence in the viability of their balance sheet.
DON'T BUY
Acquired Fording Coal for the metallurgical coal. Steel production is down substantially so the price of coal is dropping rapidly. S&P downgraded this company to BBB credit. Company has to pay down the debt by the fall of 09. They don't have the money. He is Short this one.
RISKY
Managed to trash its balance sheet at the top of the market and buy a grossly overpriced asset. Rallying nicely because it got so cheap. Likes it on a speculative basis in the short-term.
SELL
If you have a strong belief that infrastructure spending is going to be strong for steel, and that the economy is going to get back on track then this is an aggressive way to play it. Risky. Enormous amount of debt.
DON'T BUY
Took on a large debt to acquire Fording Coal. A fine line whether they will be able to skate through their bank lines. Depends on your call on zinc, metallurgical coal and their other commodities. Inherently a call on the Asian economies. Risky.
BUY
Started into a consolidation phase mid-November. Although the Bollinger band is probably telling you to Buy the wood look at other technical indicators. Yesterday's breakout on volume and today's price are very positive. Use a $5.50 Stop.
BUY
Stock has been oversold.
COMMENT
Was beautifully cash rich until it acquired Fording Coal and is now flat on its back with a huge debt. Stock recovery could take a long time.
WAIT
Highly leveraged. Doesn't know if they can manage their debt. He suspects that it will become a merger candidate. Wait until you see the copper market going back up.
DON'T BUY
In the short-term, it is going to have a very difficult time. Fording acquisition was very costly and their balance sheet is probably in distress. They may have to sell off more assets. You need the commodity market to come back full steam. Dead money for a little while.
BUY
The macro overview on commodities would include the faster growing middle-class of emerging markets, particularly China and India. This company would be in the forefront but you need a 3-year view. Expect it to be a spectacular performer.
PAST TOP PICK
(A Top Pick Dec 20/07. Down 82%.) Still qualifies in his model and the price is $28, a 395% upside.
PAST TOP PICK
(A Top Pick Dec 18/07. Down 82%.) Didn't like their Fording acquisition. Great company with great properties but, unfortunately, is run by an investment banker. Hold, but consider selling into strength.
DON'T BUY
At this stage, he wouldn't go into this one. If you want mining stocks for diversification, he would look at some of the global behemoths but you could wait another year or two.
SELL
Has a lot of debt and is risky. Likes the asset side of the company but the liability side is very worrisome. Will probably survive but will be volatile over the next little while. Consider taking a tax loss if you have gains they can go against.
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