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TSE:TECK.B

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

97.77
-0.99 (1.00%)
as of Aug 27, 2026, 7:59:59 pm Market Open.
551 watching
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Investor Insights
star iconAug 27, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Teck Resources Ltd. is currently in the spotlight due to its planned merger with Anglo American, which could create a significant player in the global copper market. Experts present mixed views; some express concerns about execution risks associated with the merger and the fluctuations in commodity prices. Many see potential upside if the merger is successful, particularly given Teck's strong cash flow potential when copper prices are favorable. There are opinions suggesting investors might consider buying TECK.B at its current price or waiting for a possible dip post-merger vote, which is set for December. Overall, the long-term outlook remains positive, provided the issues surrounding the QB2 mine are resolved and copper demand continues to rise amidst global economic trends.

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Consensus
Hold
valuation icon
Valuation
Fair Value
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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.
WAIT
The next level down is $28.25. There is a vicious correction within the commodity space. There has been a slight decrease in only earnings revisions but his model price is $68.72, 100% positive differential, but realistically it wants to go to where it can hold the line here against the selling, which he thinks is $28.25.
COMMENT
He is very nervous about the valuation in base metal mining. This is the only one left in Canada. There are a lot of things hanging over it. Overpaid on acquisitions. Would look at backing up the truck in the high $20s.
BUY ON WEAKNESS
(Market Call Minute.) By at around the $30 level.
BUY
This has been a challenging company. It is more a conglomerate of resources as opposed to a specific play. It should trade up modestly over the next little while.
BUY
(Market Call Minute.) Long-term Buy. Cheap on P/E ratio. Flat earnings for the next year or so as well as potential pressures on base metal prices.
DON'T BUY
A conundrum because it is a great combination of gold and base metals. He would much rather have pure plays. He is bullish on gold but is concerned about base metals.
WAIT
Doesn't think the weakness in base metals is over yet and would wait it out. There was almost a double top last summer with a lower high. Chart also indicates it had a rising wedge before falling.
BUY
Canadian miners have been hurt because costs are largely in Canadian $’s and the selling price is in US$’s. The worst of that is behind them. Metal prices have also come off for the most part. One of the worst performing has been zinc, their biggest product. He believes we are going into a severe slowdown, possible recession in the US, so he doesn't see a recovery in the near term. However, demand from Asia will prevent them dropping to disaster levels. A Buy for mid-to long-term investors.
BUY
Has been oversold at 7X earnings. It is the only large sized diversified miner left in Canada. Good buying opportunity.
COMMENT
Have bought and sold this one well. Looking at the earnings and cash flow growth, this year over next year, it is pretty flat. There also were worries about the declining base metal market. Its combined market cap is about $35 billion. P/E is about 12 to 14. On a worldwide basis it is cheap.
DON'T BUY
Has certainly come off, but not a contrarian play. He was amazed at how high it had actually gone. Had a lot of money and bought a lot of companies at the height of the cycle. This does not bode well for them.
TOP PICK
Even though management guided down on the earnings for 08, it has not really affected his model price of $75.35. That is a 125% positive differential.
WATCH
Becoming very interested in this stock. Another $2 or $3 on the downside gets it to very interesting technical support. The FMV is out of sight compared to the current price. If you Buy, do it for the long term.
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