Related posts

Yields climb, stocks sinkFed hikes, markets flatLacklustre stocks despite Apple and OPEC
Investor Insights

This summary was created by AI, based on 34 opinions in the last 12 months.

Experts have varied opinions on Teck Resources Ltd. (TECK.B-T), with some highlighting its strong cash flow and potential for growth in copper production, while others expressing concerns about its volatility and the uncertainty surrounding its coal business. The company's stock price has been affected by takeover bids, regulatory concerns, and the decision to spin off its coal assets. Despite the differing views, the general sentiment is that the stock has potential but also comes with risks, and the outcome of future events will heavily impact its performance.

Consensus
Mixed
Valuation
Fair Value
Similar
HBM,T
DON'T BUY

Commodity play, has always been wildly volatile, and he avoids this type. Stock goes up and down with the commodity price. He prefers a more stable cashflow. Getting rid of coal is a net positive. 

Mining
TOP PICK

The next economic cycle over the next two years is very good for materials and Teck is coming into new production. It has good copper production this year which will double next year. It generates very good cash flow which is good for dividend holders.      Buy 19  Hold 1  Sell 1

(Analysts’ price target is $61.39)
Mining
DON'T BUY

Remains the largest Canadian miner. Will they spin off their coal business? They will do well. They are major produces of copper and zinc, which are needed in EVs. The current valuation is fair, right at book value. You're not buying this for the dividend.

Mining
BUY ON WEAKNESS

He took profits earlier this year when shares got frothy, but still likes it. He expects higher copper prices. Is looking for a better entry point.

Mining
TOP PICK

Selling coal assets to Glencore, making it now a pure play on base metals. Copper outlook is great. Influx of cash, taking a really big overhang off the stock. Late 2024/early 2025 will be debt free, free cashflow will be humming. Stock's not responded, perhaps due to regulatory concerns. Yield is 1%.

(Analysts’ price target is $65.59)
Mining
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Aug 10/23, Down 8.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with TECK.B has triggered its stop at $50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 5%, when combined with our previous recommendations.  

Mining
DON'T BUY

Their report this morning revealed problems in Chile and other others--costs will continue to rise in energy and labour. $44.48 is his target. Consider this at lower prices later.

Mining
BUY
TECK.B vs. HBM

He's attracted to copper in the longer term. In the very near term, the commodity will be weighted by overall economic conditions. More a restructuring play than a copper play right now. Well run, wide range of assets. World-class coal assets are undervalued. More stable cashflow. Prefers it to HBM.

Mining
SELL ON STRENGTH

The charts for renewables versus other energy have done a complete flip over the last 2 years. The narrative that renewables are going to take over from carbon is greatly exaggerated. How much more upside is there? OK at these levels, but not compelled to add here. Trim when it's high.

Mining
DON'T BUY

China demand will affect business.
Current share price does not justify investment.
Hard to predict outcome of business. 
Cyclical commodity that is hard to earn profits in. 

Mining
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate this geographically diverse $29 billion market cap company as a TOP PICK.  We like that cash reserves are continuing to grow, while debt is retired and shares bought back.  It trades at only 1.1x book value and 11x earnings.  We continue to recommend maintaining a stop at $50, looking to achieve $67 -- upside potential of 21%.  Yield 0.9%   

(Analysts’ price target is $66.84)
Mining
Unspecified

Unsure on future of business.
Not good if business is sold to Glencore.

Mining
BUY

Owns shares in the company.
Share price up on takeover news (Glencore).
Coal is still in high demand.
Also expecting higher copper prices.
Will continue to own shares.
Long term investment.

Mining
DON'T BUY

He's in base metals, but not this one. Merger situation creates less clarity. He owns FCX to get copper exposure. The story is really all about China, whether they come back, and how fast. Small dividend yield of less than 1%.

Mining
HOLD

Not as much unrealized value as this time last year.
Good exposure for Copper - required for EV production.
Hold. 

Mining
Showing 1 to 15 of 1,678 entries

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

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 11

Total Signals / Votes : 25

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, 25 stock analysts published opinions about TECK.B-T. 11 analysts recommended to BUY the stock. 11 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?

25 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 2024-02-26, Teck Resources Ltd. (B) (TECK.B-T) stock closed at a price of $52.41.