Teck Resources Ltd. (B) (TECK.B.TO) Buy, Sell…

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

89.98

+1.05 (1.18%)

as of Jun 22, 2026, 8:00:00 pm Market Open.

549 watching

Investor Insights

Jun 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.

Consensus

Cautious

Valuation

Fair Value

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COMMENT

Down for 2 reasons. 1) Has been caught up in the commodities correction. 2) Has had some cost overruns and they have had to push off some projects. Good quality company that is just facing a tough environment that should amend itself in the 2nd half of 08.

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PARTIAL BUY

Think it has found a bit of a bottom here. Getting caught up in what is called the industry affect. In this case, commodities where really overbought. On the down side, it could drop $2. Metals are risky right now. You have to get out of it if it hits $32. You can buy a small position now and if it hits $35 you add some more and if it hits $40 you add again.

COMMENT

Short-term, he is somewhat bearish on metal pricing because of the weakening global economy. 2.5% yield and trades at 8X consensus earnings. Also have exposure through coal (Partnered with Fording Coal (FDG.UN-T)) and the oil sands. If you are bullish on base metals, this is a great holding.

HOLD

Likes most of the fundamentals for the stock. One of the issues that he has is that they have made a couple of bad acquisitions, which has hurt the stock. Zinc, coal, their interest in the oil sands are all good things for this company. Would be an aggressive buyer at $30.

BUY

Had a couple of disappointments, the most recent the shelving of the joint Galore Creek venture. Strong balance sheet and a well-diversified portfolio. Coal prices look to be fairly favourable in the longer term. Good price.

TOP PICK

Re-evaluating their position with respect to Fording (FDG.UN-T), in particular with regards to the Elk assets.

TOP PICK

(His 3 Top Picks will not give you instant gratification, but are to be held for 1, 2, 3 years.) Has been hurt recently because 1) it is not a takeover candidate and 2) a major project, Galore Creek was cancelled because of costs.

COMMENT

FMV is about 4X the current price. This would normally make it awfully good value, but it does not behave well technically and he wonders if the market is expecting a recession. Commodity prices and earnings forecasts are holding up well. Can't see any reason not to like it but it doesn't act well.

BUY

Very inexpensive. Has been oversold. Base metal story is not a one-month story. Thinks demand from Asia for commodities is going to continue to grow.

HOLD

Suspended operations at Galore Creek’s massive gold/copper project because of high capital costs. Stock was hit hard. This is the only real major mining company left in Canada.

TOP PICK

Pulled the plug on Galore Lake and he feels they did the right thing. If the cost is out of line, pull back and wait.

DON'T BUY

Growth in China has been focused on infrastructure and plant capacity. Capacity is well in excess of demand, both domestically and exports and growth can go down by 2%. If this happens, he can’t see base metal prices doing very much.

COMMENT

Back in 2003 it was a $5 stock and rose to $50. As the stock price went up, institutions had to sell when it became too big a portion of their portfolios. Recently corrected and has gone through a 3 leg correction. Probably getting very close to the end of it. Somewhere around $35 - $37 it may be a good buying opportunity. Would really like to see the stock get momentum very shortly.

BUY

Hasn't been this cheap for a while. Copper is going down, so the stock is following. If you can, buy half now and wait for a few weeks for the balance. Could be a trade.

TOP PICK

Stock is currently reacting to the price of zinc, but fundamentals have not changed. Using the earnings one year out he sees the stock at $46.

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