Related posts
Weekly 52-Week Low (or 52-Week High): CU-T, OLA-T, CP-T, DND-T and More 52-Week Highs and Lows (Mar 26-Apr 01)Car tariff fears pressure stocksMost Anticipated Earnings: NTR-T, ONEX-T and more Canadian Companies Reporting Earnings this Week (Feb 17-21)This summary was created by AI, based on 22 opinions in the last 12 months.
Teck Resources Ltd. (TECK.B) is positioned as a leading player in the copper and zinc mining sectors, capitalizing on the growing demand for copper driven by the shift towards electric vehicles (EVs), renewable energy, and infrastructure development. While there is a consensus that copper has strong long-term growth potential, opinions vary on the timing of investment due to the cyclical nature of the commodities market. Many analysts appreciate Teck's robust balance sheet and high-quality assets, yet caution against short-term volatility influenced by global economic conditions, particularly in China. Overall, experts are bullish on copper's future demand, categorizing Teck as a solid long-term investment but suggesting a cautious approach to current valuations.
Capital discipline has been very strong. Assets have allowed company to do well through various pricing cycles. Excellent prospects going forward. Would recommend buying for the long term. Copper assets very high quality. Recent acquisition of shares has been good capital allocation.
The question was on Iamgold and Teck Resources. IMG has declared some good news from its Quebec mine and Teck has more copper production with gold as an add-on. However both operate in some places that are less politically agreeable. He likes the gold sector but prefers bigger and more diversified companies in more stable countries including the U.S., Canada, Mexico and Chile. Following along this theme he owns both Kinross and Agnico Eagle.
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.
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.
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)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.
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.
(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.
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.
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
In the last year, 3 stock analysts published opinions about TECK.B-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Teck Resources Ltd. (B).
Teck Resources Ltd. (B) was recommended as a Top Pick by on . Read the latest stock experts ratings for Teck Resources Ltd. (B).
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.
3 stock analysts on Stockchase covered Teck Resources Ltd. (B) In the last year. It is a trending stock that is worth watching.
On 2025-04-02, Teck Resources Ltd. (B) (TECK.B-T) stock closed at a price of $53.86.
Mainly copper and zinc. Incredibly cyclical. In 2011, share price was higher than today. Easier to look for companies that are delivering consistent profit growth over time. Pass on this type of business.