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.
551 watching
0
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
valuation icon
Valuation
Fair Value
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Similar
FM, First Majestic Silver
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.
PAST TOP PICK
(A Past Top Pick. Jan 10/07. Down 10.1%.) Base metals have been remarkably volatile in the last little while. From his point of view, you have to own these stocks. Thinks it has been oversold and is a buying opportunity.
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