TSE:TECK.B

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

76.47
-1.95 (2.49%)
as of Jul 17, 2026, 3:06:51 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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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.
BUY
His long-term outlook for copper is still fairly strong. He prefers this to others, which he feels has a more rapid potential for earnings and cash flow increases over the next couple of years.
COMMENT
A lot of their recent move is because of their coal. Getting closer to full valuation, which is in the low $50's so you have to be a little careful here. Trades at 1.5X NAV.
BUY
Had been a very poor performer from last fall into the winter. Market wasn't looking at the whole company. Have some wonderful assets and is a big player in zinc, coal, gold and the markets.
HOLD
Nice upward trend with a nice upward channel. Stock bottomed Jan 14 and since then has gone up 54% so easy money has already been made. Seasonality-Historically base metals stocks do very well from Oct until the end of May so there is still 2 months to go so the channel will probably continue to go higher. Sell at the end of May.
DON'T BUY
Has a complex with this one. Projected cash flow out to 2010 is essentially pretty flat. However, looking at the Canadian senior mining scene it is the best of the best and has 1st class management and a wonderful portfolio of assets. Be prepared for a 2, 3-year period of inactivity.
TRADE
Wouldn’t be chasing this stock on the basis it will be taken over. A take over will be very difficult.
HOLD
Likes the space that this stock is in. Stock hasn't behaved terribly well recently. Good for a long term investment.
TOP PICK
Highly leveraged to copper, zinc and coal, which are important products for China. They have a very strong shareholding structure, which will prevent anybody from hijacking or buying the company. This is a long-term hold.
HOLD
Very diversified metals player. Many analysts have a $50 target, as they are very impressed with its ability to expand its copper production. Good for someone with a long-term horizon.
PAST TOP PICK
(A Top Pick Feb 20/07. Down 4% including dividends.) Was tempted to choose this as a Top Pick again. Just announced a big increase in their reserve deposits in one of their mines. With copper at almost $4 a pound, the Highland Valley mine will not be closed down now. Extremely strong talent sheet.
BUY
(Market Call Minute.) Not getting the credit they deserve for what they are getting on the base metal side.
BUY
Great company. Hopefully there will be a pullback, but if not you should still have some in your portfolio. Zinc, copper and smelting assets are great. Coal play is tremendous. Have been buying into some pretty nice assets in the Elk Sands area.
BUY ON WEAKNESS
This should be part of every investor’s long-term portfolio. He is very keen long-term on base metals because of the growth in China and India. The short-term risk is a major slowdown in the US. Split between the A shares and the B shares is holding it back. He would look to buy at around $30-32.
PAST TOP PICK
(A Top Pick Mar 8/07. Down 1% total return.) Still likes this. Model price of $56.59 has been coming down as they adjust earnings going forward. Still a 46% positive differential.
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