TSE:TECK.B

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

89.98
+1.05 (1.18%)
as of Jun 22, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 22, 2026, 12:00 am

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

Teck Resources Ltd. has been drawing mixed reviews from analysts, particularly surrounding its impending merger with Anglo American and ongoing production challenges at its key Chilean mine. While some see potential for significant growth and a greater presence in the copper market, fueled by high demand from sectors like AI and data centers, concerns about execution risk and geopolitical issues linger. Analysts note the volatile nature of copper prices and its direct impact on Teck's cash flow and overall performance. Those who hold the stock are encouraged to maintain their positions in light of the potential post-merger dynamics, although others advise caution due to recent market fluctuations and production setbacks. Overall, there’s a cautious optimism about its valuation and future growth as it strives to navigate these challenges.

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Consensus
Cautious
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Valuation
Fair Value
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BUY
Coal is the asset that’s driving it this week but next week it might be copper or zinc or gold. Has 2 or 3 of the hot products right now. Underlying demand for the base metals and for coal as an energy source will continue to be very strong.
BUY
Zinc, copper, coal, oil sands and molybdenum. The one North American diversified miner that won’t get taken over, which may be why the share price has been disappointing. Will make you lots of money over the next few years.
BUY
There are a lot of questions out there with regards to supply of different materials in China because of the earthquake. This company gives you good exposure to the commodity play.
HOLD
Have tremendous high-quality asset base. He has trimmed his holdings a little bit. Pretty richly valued. Wouldn’t be surprised if earnings estimates were revised up, but a lot of this is built in.
DON'T BUY
Coal has been really hot in this one is about one third coal. You could buy it here if you are desperate to hold it, but the upside is only 8% to 10%. It may pull back as coal quiets down. Would prefer paying $45 or lower.
COMMENT
He has a model price of $72.46, a 50% upside. Thinks the high would be about $49.70 and if it broke through that he would Buy and use $49.70 as a Stop.
BUY ON WEAKNESS
There are very few major blue chip companies in Canada. Fabulous portfolio of resource assets. Small compared to some of the international giants. Fits into his long-term thesis that you want to own hard assets in the ground in an inflationary environment. Would like it at $40.
BUY
Earnings are going to be in the neighbourhood of $5 over the next 2 years or so. Cash flows are going to be $6.50 roughly. At current prices, it's a fairly compelling valuation. Selling at just over 2X BV.
BUY
(Market Call Minute.) He does like this one. Continuing to acquire assets in a very strategic fashion.
HOLD
Position very well in some of the best performing commodities right now. Metallurgical coal has been fantastic. He has cut his position in half. He would look at it in the low $40 or high $30.
BUY
(Market Call Minute.) Doesn't think we are going to have the decline in zinc and copper prices that the market has built in.
BUY
(Market Call Minute.) Good long-term buy.
DON'T BUY
The story of the day for them is their position in coal, particularly Fording (FDG.UN-T) and the process there. Would prefer to own Fording as it is a more pure play on coal.
HOLD
Sold his holdings sometime ago but is considering buying it back, at around $45. This is a long-term hold.
BUY ON WEAKNESS
Down in January on the view that a recession would take down copper prices. It hasn't happened. Copper is still at $4 because China and India are building housing, putting in copper wiring, galvanized sinks, etc. Did a very smart copper acquisition this week. It is also up because of high coal prices. Sold his holdings at $48. Commodity cycle is not over.
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