TSE:TECK.B

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

85.38
+1.45 (1.73%)
as of Nov 6, 2026, 9:00:00 pm Market Closed.
552 watching
0
BUY
Would buy at these prices. They are trying to ramp up their copper which is positive. A good place to be. The stock is not expensive right now, and it is one of the best in the space to buy right now.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A base metals play fueled by infrastructure spending expectations. Government spending will help and the sector should also simply do well as the world economy resumes its growth. Unlock Premium - Try 5i Free

WATCH
The perfect poster child of the cyclical business. It was a short but they have been covering it recently. Not quite long though. It is coming off lows. Copper has done quite well. Commodities are starting to move and they benefit from this. Cashflow needs to improve before really entering.
DON'T BUY
Doesn't own any base metal stocks. Chosen to stay away from very cyclical areas of the market. Recessionary environment, so tends to be oversupply for some time. An uneven recovery. You need not only China to recover, but also Europe, etc.
HOLD
The company has some projects underway that will increase their cost profile going forward. They will be doubling their throughput. They are moving to also increase their production of copper.
DON'T BUY
He is staying clear of big mining companies. It had a nice run last year. The recovery in this stock has been very uninspiring, though. He does not think we will get back to the lofty levels of 2019. Don't look at it at a long term hold.
HOLD
The commodity side has been, so his small holding hasn't performed for him. Chinese demand needs to return. India needs to demand, too. Look at tech stocks instead, look at the future. That said, this and other commodity stocks will bounce back, because stock prices are so cheap. Hold, even though it will feel brutal.
HOLD
This has cratered again. Doesn't know if it has hit bottom. You should be able to sit this one out.
BUY ON WEAKNESS
An entry point now? It's down 40% YTD. Good managers, but there are concerns about massive overruns in a major project (he's waiting for a budget update). The Frontier Project shouldn't have been built (https://www.teck.com/operations/canada/projects/frontier-project/frontier-project). TECK has a high-quality asset base, but weak Chinese demand remains a big cloud. Teck is seeing 4-year lows, so if you believe the virus pullback will fade, then yes, you can enter this name now. But if you expect a recession down the road, then don't.
DON'T BUY
Already owns it, so sell it during this dip? Don't buy it now during the pullback. Teck's reliance to coal could get hit hard. If you own, sit tight a little and hope things improve. It's a tough one, because it's a rollercoaster of a cyclical stock. There are better ways to compound your money.
DON'T BUY
Highly cyclical industry. Need improvement in underlying commodity prices for the price to get back to mid-20s. So Chinese economic growth has to rebound and strengthen. Even with the price decline, she's not interested.
SELL
A past pick. When it broke trend in mid-2019, he sold. Not good--it has long-term support at $20 and TECK has broken below it. Maybe it will bounce up. The chart looks pretty bad. Reduce exposure at the next bounce.
PAST TOP PICK
(A Top Pick Sep 12/19, Down 30%) It's accelerated after phase one was announced (the US-China treaty). It enjoyed a big move today. Excellent balance sheet. He likes it and will hold it. Risk/reward is pretty good. But if this doesn't inch up to $20, he will bail.
DON'T BUY
The phase one signing will bring great relief to the materials and resources stocks. E-cars need a lot of copper. Teck hasn't made money for anybody in the last 16 years. He can't predict commodity and materials prices and won't bother. He prefers companies with pricing power which these sectors don't have. No, not for him.
BUY ON WEAKNESS
He thinks it is selling at a reasonable valuation. It will have to continue to meet and beat investor expectations. He doesn't see the catalyst at the moment to do that. He is not invested right now and might consider looking at it 15% lower than today.
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