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Investor Insights

This summary was created by AI, based on 23 opinions in the last 12 months.

Experts have a generally positive outlook on Teck Resources Ltd., believing it to be a high-quality company with a well-managed asset base. The company's focus on copper and zinc mines is seen as a positive for long-term growth, despite the inherent volatility of commodity companies. Many experts believe that the demand for copper will continue to rise, especially with the increasing need for the metal in electric vehicles and infrastructure. However, some caution against the cyclicality and volatility of the copper industry, suggesting that the stock may not be suitable for all investors.

Consensus
Bullish
Valuation
Fair Value
Similar
Freeport-McMoRan, FCX-T
WATCH

He remains bullish on the copper industry over the next 5 years. Whether to step in here depends on your timeframe. Near term might be soft, as global economy showing signs of softness. Extraordinarily strong balance sheet. Well run given its size. Enviable inventory of zinc and copper mines, plus smelters.

Mining
PAST TOP PICK
(A Top Pick Jan 29/24, Up 22%)

QB2 will be a very valuable asset. Always bumps getting a new mine underway, but outlook for copper long term is very positive. Biggest risk to portfolios is that inflation eats your money, so you need to own things that can put up prices tomorrow if inflation goes up today.

Mining
WATCH
Exceeded EPS expectations, but reduced outlook for copper production from mine in Chile.

Loves that it's focusing on copper and zinc. Very challenging to build those mines anywhere in the world, so it's great long term. But it is a commodity company, subject to swings in copper and zinc, and that's why he usually stays away from commodity companies.

(Analysts’ price target is $80.00)
Mining
BUY

Still likes it, given where we are in the cycle. Copper still has some room to run. Look at this one or IVN.

Mining
HOLD

Good for 3-5 investment horizon. Earnings have been downgraded a bit, but overall the business is high quality. Very large asset base with good management team. Better than other options in the mining industry. 

Mining
TOP PICK

Demand coming for power, but only so much copper being produced. New mine is operating on track with room to grow capacity. (Chile produces 30% of world's copper, but has little new capacity coming on.) Generates cash and will pay shareholders over time. Copper prices likely to be firm over the next 5 years, and both earnings and the multiple can double. Yield is 0.7%.

A multi-bagger during last commodity cycle. Stocks should start to behave better under the current easing cycle.

(Analysts’ price target is $74.21)
Mining
WAIT

Can't have a view on this name without having a view on copper. Emerging view that historical cyclicality of copper may be dampened going forward by secular demand of greening the grid and EVs. But the cyclicality is still there. Global GDP growth is slowing, China's economy remains anemic underlying all the "stimulus".

There will be a time to get behind this name, but not right now. FCX would be his #1 choice, TECK.B #2.

Mining
PAST TOP PICK
(A Top Pick Jan 29/24, Up 13%)

(Note short timeframe.) Always M&A potential, but he kind of hopes not because it would take away some opportunity. Will be way higher in 5 years. Look at the last resource cycle from 2000-2011, this was up 1000%. Great cashflow generator, big dividend payer.

We're in a world of stickier inflation, cuts will be less than we think, economy is pretty robust. If so, these companies have pricing power. AI data centres and EVs need copper.

Mining
SELL

Good run earlier this year, but he sold on rapidly deteriorating RSI into the summer. Copper is the barometer of the global economies. Price of copper has come off really hard; mainly due to China weakness, but more recently across the globe and, in particular, the US. 

Mining
BUY

Goes back to the grid story. The grid is deteriorating. Copper is the biggest input into the wires necessary to feed our EVs and the like. The mine in Chile is now one of the fastest-growing large-cap copper plays out there. Likes it.

Mining
BUY
Down because VW and Ford cut back on EV plans?

Not necessarily. All copper stocks have been under pressure, due to copper getting ahead of itself to over $5/pound. Shanghai inventories going higher, sector had a lot of speculative plays. Copper is still a good story. TECK story looks fantastic, now purely positioned as a copper/zinc player, which puts it more in the global arena. Generating cash. 

Mining
BUY ON WEAKNESS

Leading Canadian resource company, focused on responsible operations. Sees upside. 9/10 on fundamentals, but only 4/10 on value. Diversified business model. Wait for more of a pullback, great long-term play.

Mining
BUY

Great company for copper exposure. Strong management team. Cycle indicating to higher demand for copper and other commodities. 

Mining
BUY

Inflation will continue to effect prices in commodities, which puts TECK in the right place at the right time.

Mining
BUY ON WEAKNESS

Has enjoyed a good run to ride the boom in copper. A super company, but the price has risen far in the last 3 months.

Mining
Showing 1 to 15 of 1,698 entries

Teck Resources Ltd. (B)(TECK.B-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 19

Stockchase rating for Teck Resources Ltd. (B) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Teck Resources Ltd. (B)(TECK.B-T) Frequently Asked Questions

What is Teck Resources Ltd. (B) stock symbol?

Teck Resources Ltd. (B) is a Canadian stock, trading under the symbol TECK.B-T on the Toronto Stock Exchange (TECK.B-CT). It is usually referred to as TSX:TECK.B or TECK.B-T

Is Teck Resources Ltd. (B) a buy or a sell?

In the last year, 19 stock analysts published opinions about TECK.B-T. 15 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Teck Resources Ltd. (B).

Is Teck Resources Ltd. (B) a good investment or a top pick?

Teck Resources Ltd. (B) was recommended as a Top Pick by on . Read the latest stock experts ratings for Teck Resources Ltd. (B).

Why is Teck Resources Ltd. (B) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Teck Resources Ltd. (B) worth watching?

19 stock analysts on Stockchase covered Teck Resources Ltd. (B) In the last year. It is a trending stock that is worth watching.

What is Teck Resources Ltd. (B) stock price?

On 2024-12-20, Teck Resources Ltd. (B) (TECK.B-T) stock closed at a price of $58.84.