TSE:TECK.B

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

76.57
-1.85 (2.36%)
as of Jul 17, 2026, 3:12:53 pm Market Open.
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Investor Insights
star iconJul 17, 2026, 12:00 am

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

Teck Resources Ltd. (TECK.B-T) is involved in a significant merger with Anglo American which analysts view as a pivotal event for the company, potentially enhancing its position in the copper market. Many experts highlight the importance of the upcoming December 9 vote on the merger, suggesting that it could lead to greater institutional interest and a stronger valuation in the long-term. There are mixed feelings about the execution risk associated with the merger, alongside concerns regarding production issues at the QB2 mine and fluctuating copper prices. Overall, while some analysts express caution and prefer to observe the stock before purchasing, others recommend holding for potential upside, particularly if copper prices remain strong and the merger materializes favorably. The sentiment reflects a blend of optimism about both the merger and the copper market's demand, although with a note of caution given recent performance fluctuations.

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Consensus
Hold
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Valuation
Fair Value
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TRADE
Their sector is the largest hit. As a small holding this is likely a reasonable entry level, but don’t expect a return to the levels we have seen over the last year.
DON'T BUY
Getting really cheap. Question is how fast commodity prices may keep knocking earning back. It could drop as much as a third.
HOLD
With purchase of Fording, they are doubling their coal production.
BUY
Little complicated. In the middle of a takeover of Fording Coal (FDG.UN-T). Shareholders vote on the 30th. Will radically change the company. Up to now has largely been a base metal player but with the takeover it will become 50% metallurgical coal. Also have a piece of the Fort Hills oil sands project, which reported a 50% escalation in costs.
TOP PICK
Acquiring Fording (FDG.UN-T) and expects the deal will get done in spite of the current credit markets. This is the way to play the materials index right now at a fairly reasonable price. Feels cash flows will be in the neighbourhood of $6.50 this year and over $7 next year.
BUY ON WEAKNESS
Acquired Fording Coal (FDG.UN-T). Think of this as a base metals producer for the next 10 years in your portfolio. Yield is almost 3%. If commodity prices come off it may get a little cheaper. He would be very interested in the $25-$30 range.
BUY
Acquired Fording Coal (FDG.UN-T) at a very reasonable price. The only large integrated dining company left in Canada. They have nickel, copper, zinc and now coal in large quantities. Demand from Asia should continue to be strong. Good price.
COMMENT
(“A” shares vs. “B” shares.) “A” shares are the voting shares. If the controlling family ever decides to sell the company, they are entitled to a 15% premium over the rest of the shareholders.
BUY
Very bullish on this company. Zinc prices are down year-to-date but given the long-term outlook for China and metals demand it will come back. Copper is still quite strong. The real kicker is the very smart acquisition of Fording Coal (FDG.UN-T). Over the next 20 years, China is going to need 3 billion tons of steel as they build out their infrastructure, which will require a lot of metallurgical coal.
WAIT
2-1/2% dividend, complete diversification into most metals and minerals, strong management team and free cash flow yield that is much higher than gov’t bond right now. Because of fall off on commodity prices, be patient on the sidelines. Interested in $30-$35 range
PAST TOP PICK
(A Top Pick July 27/07. Down 3%.) Great Buy if it gets down to $28 and if it reaches $51, he would take some profits.
HOLD
(Market Called Minute.)
BUY
Just acquired Fording Coal (FDG.UN-T), which is due to net asset value but is hugely accretive to both cash flow and earnings.
TOP PICK
Growth potential through acquisitions and mining development. Market continues to view it as mostly zinc but is really more of a copper & coal play. Through its oil sands holdings it will also become an oil play. Likes the diversity and management.
PAST TOP PICK
(A Top Pick July 27/07. Down 8%.) His model price is $74.70, a 57% positive differential.
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