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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DON'T BUY
(Market Call Minute.) One of the weaker performing stocks in the basic materials.
WAIT
With Inco, Alcan and Falconbridge gone, this is the last of the old guard. Great company and well diversified. Missed on latest earnings. Zinc price is down 38% and there is weakness in copper. Good balance sheet and good long-term mining play but will probably see some more downside in the next few months. Summertime might be a good time to look at it.
BUY
This is a great one to own for the long run, 3 to 5 years. One of the best managed large cap mining companies in the world. Great properties and great products in the right area.
BUY
Have been hit, not so much by a commodity prices although zinc has come off quite a bit, but the strong $ and a few projects. Pretty good buy at these prices. Marginally prefers Hudbay Minerals (HBM-T).
TOP PICK
The largest Canadian base metals mining company. Has copper, lead, zinc and coal. Trading at a multiple of 6.7X and pays a dividend. As lots of cash.
TOP PICK
A great resource play. Well diversified in commodities. Good price. Almost 3% yield.
HOLD
Cheap on 2 basic points. PE ratio compared to Anglo American (AAUK-Q), CVRD (?), Rio Tinto (RTP-N) and BHP Billiton (BHP-N) is substantially cheaper. If you add up the market cap of the A and B shares it is tiny compared to these others. Down the road it could be a takeover.
BUY
Had a hot day today because of what is going on in China. Weather in china is terrible and is closing zinc smelters and restricting output of many things. Thinks base metals are going to do okay over the next few years. Currently prices are at a 40% discount to what they were a few months ago.
TOP PICK
A lot of resource stocks have been hit by concerns of slowdowns. One way of participating in the resource sector in a well-diversified way. Undervalued compared to its global peers.
HOLD
Looking at this one because it has pulled off so sharply. Concerned about the price of commodities, particularly copper. Thinks it will be choppy. Mid summer is a great time to buy these companies.
DON'T BUY
Really likes this as a business, but unfortunately the base metals part of the business is fairly economically sensitive. He is concerned about a weaker economy and the metals will under perform in the short run.
COMMENT
Have a good mix of commodities. They own 19% of Fording Coal (FDG.UN-T), which is up because of coal prices. Heavy into zinc, whose prices seem to be weakening. You could see near-term price weakness, but it is a solid company.
DON'T BUY
This is still not cheap enough for him to be in. He would find it much more attractive at under $20.
BUY
At a level where it is worth buying. One of the issues is that they have zinc, copper, coal, etc. and some of the commodities are not doing well right now but will do well down the road. A bigger issue is management that has been poor of late, and he is looking for changes in the next little while.
COMMENT
Has God really whacked because obviously it has a lot of zinc that is very economically sensitive. If you buy the super cycle theory that India/China keep the cycle up more than they would otherwise, it is probably over discounted and is probably a good entry point here.
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