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.)
SELL
Would stay away from anything in the mining sector right now. This company is in big, big trouble. If they can't raise the debt to secure the purchase of Fording Coal (FDG.UN-T), it's all done.
DON'T BUY
This is a complete bottom fish play, which he is not interested in. The Fording acquisition has some risk to it.
SELL
Likes this company, but at this price he is waiting on the metals themselves. They'll come on a little bit later. Energy, food and precious metals will be ahead of the curve. If you own, you could lock in some of the losses for now or switching to something else.
COMMENT
He would put in an order to buy at $5.90 to see what happens. With a volatile stock, this can work in your favour.
COMMENT
Keevil family owns multi-voting shares giving them control of the company so doesn't think it is a takeout candidate. Company is overly levered.
COMMENT
For short-term trades you can probably make money. For longer-term they took on large debt for an acquisition. May have to sell some assets. Also own part of oil sands, which probably will not be developed.
HOLD
If you own, wait a bit and let it base out. Don't Buy until the fundamentals start to turn. Alternatively, you could sell the stock, Buy a Call and not lose your position. (Talk to a financial adviser on this strategy.)
COMMENT
Too big for banks to let go. Will probably pay 50% of their loan down by the end of 2009 with $150 met coal prices. Coal would have to drop to $100 and stay there for a long time for them to get into further trouble. Levered way to play the credit crisis and the recovery as it is down so much. He is tempted to buy.
DON'T BUY
Devastated because of financial concerns it is facing. Charts don't even show an indication of support yet. Stock normally does very well from the end of November through until April. He wants to see signs of bottoming in some of the commodities like gold, copper and zinc first.
HOLD
Thinks the company will come out of this okay. Falling coal prices are not helping. Will probably be a dividend cut. Still thinks Fording acquisition is a good one as there are contracts that take them out through most of next year. Will still generate great cash flow out of those contracts.
DON'T BUY
Have more debt than they have market cap, which is always a bad sign. In the current market, you want to own companies that have lots of cash and very little debt.
DON'T BUY
(Market Called Minute.) They have trashed their balance sheet with their purchase of Fording Coal.
BUY
If you own, you could average down. He is looking for a recovery over the next 12 to 15 months. Look at the stimulus package that China has put into place. In the next 28 years, emerging markets are going to be adding 2 billion people to their middle classes. That is 2 X China's population now.
HOLD
Believes investors are worried about the debt they have taken on to buy Fording Coal. Also commodities are under pressure. It is possible the dividend is not safe. In the long run it is a great company. You could Buy if you have a 3 to 5 year view.
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