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.
549 watching
0
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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TOP PICK
Well-managed. There is almost $25 of cash per share. Expecting production growth. Well diversified within the materials sector.
PAST TOP PICK
(A Top Pick Feb 16/06. Up 31.2%.) A quality stock.
HOLD
Came out with strong earnings based on high zinc prices. Demand from Asia is still strong, so he is still holding his base metal companies. If you own, consider taking profits.
PAST TOP PICK
(A Top Pick Mar 21/06. Up 15.4%.) Will be generating tremendous amounts of cash. Big question, what will they do with all the money. If it went up a couple of dollars, he would probably take some money off the table.
HOLD
Would like to buy it in the mid-$70's. If you were going to hold one metal stock throughout the cycle, this is the one.
COMMENT
Recently sold his holdings, as he didn't care for the volatility. This was in spite of the shortage of high-quality mining stocks. If you are holding for 3 or 5 years, this is a great buy. Volatility in the stock is increasing. Would consider buying in the mid-$60's.
BUY
His favourite mining stock. It's in all the right sweet spots in the market.
SELL
Still has pretty good fundamentals, but he would like to see stronger profit growth. Given where we are in the cycle, he would take profits. If you have a
BUY
His favourite Canadian metal producer in his favourite commodity, zinc. The supply/demand fundamentals for zinc are very favourable. Looking for zinc prices to rise in 2007/2008.
DON'T BUY
The whole metals and mining area has been on a tear last year and this could be a disappointment this year. Doesn't like the dual class share structure.
HOLD
Has a major bit of resistance developing and is showing a “ head and shoulders” formation. Wouldn't put new money in just yet.
BUY
He has a model price of $118.41 giving it a 45% positive differential.
BUY
One of gems in the Canadian mining market that, regardless of your short-term view on metal prices, is a long-term hold. Good 3-5 year hold.
TOP PICK
Has a lot to do with base metals, China and India and the industrialization going on in Southeast Asia. Trades at 9 X current earnings and 7.6 X forward earnings. Good entry point.
COMMENT
China went from a net exporter to a net importer of zinc creating strong demand. The stock has benefited and it has become a cash cow machine. Has $17 of cash on its balance sheet. Valuation is quite cheap. Good price. Looking for further down side before the market moves higher, but longer-term the cycle is not over.
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