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Investor Insights

This summary was created by AI, based on 27 opinions in the last 12 months.

Teck Resources Ltd. (TECK.B-T) is a commodity bull market play with a focus on copper. The company is in the early stages of a potential bull run after over a decade in a commodity bear market. The sale of an asset is expected to reduce debt and drive future growth. The stock has been volatile but has the potential to generate real returns over the next 5 years.

Consensus
Mixed
Valuation
Fair Value
Similar
Freeport-McMoRan,FCX
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
BUY

They got rid of their coal assets and are now a premium pure copper play. It should get a premium valuation like other copper producers since there is a shortage of copper and new copper projects. Copper is needed for the electrical grid.

Mining
RISKY

This is volatile, because it's tied to the price of copper which is very choppy

Mining
PAST TOP PICK

(A Top Pick Jan 29/24, Up 18%)

Participates in a commodity bull market. Last time, in early 2000, went up by several 100 percent. We've been over a decade in a commodity bear market, and companies are now just waking up. Very early stages. A portfolio centrepiece that can generate real returns over the next 5 years.

Mining
PARTIAL BUY

They're exiting coal to focus on copper (South American). He loves the future of copper, but the risk is their expansion in Peru. See what happened in Panama. Buy only a small portion. He prefers Capstone because it operates in safer Chile.

Mining
PAST TOP PICK
(A Top Pick Nov 15/23, Up 10%)

Would've liked a better return. They're about to sell an asset which will reduce all debt and give them a few billion cash which will drive future growth. Their QB2 copper project continues to ramp up and will drive copper production up 50% by 2025. They're the copper champion of Canada.

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

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 20

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, 20 stock analysts published opinions about TECK.B-T. 14 analysts recommended to BUY the stock. 6 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?

20 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 2024-07-23, Teck Resources Ltd. (B) (TECK.B-T) stock closed at a price of $63.09.