TSE:TECK.B

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

83.75
-6.23 (6.92%)
as of Jun 23, 2026, 2:33:58 pm Market Open.
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Investor Insights
star iconJun 23, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Teck Resources Ltd. is currently navigating a complex landscape as it prepares for a significant merger with Anglo American, which has caught the attention of various analysts. While some experts express concerns regarding execution risks and recent production challenges, particularly with the QB2 mine, many also highlight the sound fundamentals of Teck as a major copper producer. Copper demand, stoked by industries such as AI data centers, presents both opportunities and challenges, especially amid fluctuations in oil prices that could dampen overall commodity performance. The upcoming merger is anticipated to enhance Teck's standing in the copper market, with analysts noting the potential for improved valuation and reduced geopolitical risks. Overall, sentiment remains mixed as investors await the merger's outcome and assess Teck's operational stability.

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Consensus
Hold
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Valuation
Fair Value
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FM,L
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.
DON'T BUY
Great Canadian company. Was very unfortunate in its timing in the acquisition of Fording Coal and its debt has skyrocketed. China has come out and started to renegotiate coal prices. Current price looks interesting but the balance sheet is very, very stretched.
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