TSE:TECK.B

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

90.37
+0.38 (0.42%)
as of Sep 16, 2026, 1:44:26 pm Market Open.
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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The sector has a bit of legs, although interest rates should be kept in mind. It will also be affected by how China’s economy plays out. The fear of inflation and not much action in other sectors, it could be a good sector. Good for general resource exposure. Unlock Premium - Try 5i Free

SELL
Long-term, great operators. Loves their migration to copper. Next quarter or two will be at risk. More downside than upside in coal. He sold, and is looking for more pure plays in copper.
BUY
TECK.B vs. RIO Similar companies, with one big difference. RIO gets 65% of revenue from iron ore. TECK.B is more focused on coal, zinc, and energy. He'd choose TECK.B today. RIO will be OK, but suffering because iron ore prices have come down. This will ultimately reverse. Looking out 3 years, both should do quite well.
PAST TOP PICK
(A Top Pick Jul 09/21, Up 18%) He still thinks there is a little more room to run. One of the challenges is whether the rally in commodity prices can continue to outpace the costs.
DON'T BUY
She doesn't buy cyclical stocks, which TECK is. TECK depends on the price of underlying commodities, which in turn reflects overall economic growth in places like China. She'd rather buy companies with secular growth.
BUY
All of these large cap metals have pulled back, but we're in the very early stages of a basic materials cycle. Opportunity to accumulate the stock.
DON'T BUY
Very cyclical, share price is volatile. Cyclical growth, does well when the commodity does well. She prefers secular growth companies that can outpace the growth of the general economy. You can buy near the bottom, but remember to sell when the cycle turns.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The recent trend is probably due to the overall market and not specific to the company. Inflation fears are starting to subside over the course of the last weeks. Unlock Premium - Try 5i Free

TOP PICK
The reflation trade. Believes the reflation trade is still there. Handed better opportunities in the reflation play and believes commodities will do well. A cyclical play while we work through reflation. (Analysts’ price target is $33.44)
COMMENT
Are we in a new commodity super cycle? It is safe to say that the stock can get to $40 easily. After that you are flying into an area where the stock has not been for a while. The market has a memory. We are possibly in a super cycle but possibly it is just that the Fed realizes just how thin the ice is out there. The Fed has a really lousy balance sheet. This will hold back the natural growth that could occur.
BUY
A core holding. Metallurgical coal and oil assets will also add to the valuation. A great play on copper too. You had an underinvestment in the last decade. Believes in the inflation cyclical plays. Supply response is not as quick as it is needed to keep prices down. Thinks there is upside in these cyclical names.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A good general metals, mining and resource stock for exposure in the sector. There are issues with a Chilean mine which adds risk, but its size, strong cash flow generation and economic recovery are all positive. Unlock Premium - Try 5i Free

DON'T BUY
China and India demand coal It's a cyclical stock, selling coal and copper. The tightness in the coal market is due to China refusing imports from Australia, which benefits other suppliers. As for copper, Teck is building a copper mine in Chile, delayed last year because of Covid, but expected to be onstream in late-2022. Teck has had a nice bounce, up 25% YTD. You can hold a small position in a cyclical, but cyclicals are prone to price downturns when supply catches up to demand. She prefers secular growth stocks.
BUY
Would buy at these prices. They are trying to ramp up their copper which is positive. A good place to be. The stock is not expensive right now, and it is one of the best in the space to buy right now.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A base metals play fueled by infrastructure spending expectations. Government spending will help and the sector should also simply do well as the world economy resumes its growth. Unlock Premium - Try 5i Free

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