Latest news with #TeckResources
Yahoo
5 days ago
- Business
- Yahoo
1 Magnificent Canadian Stock Down But Not Out to Buy Right Now
Written by Amy Legate-Wolfe at The Motley Fool Canada When markets take a dip, some of the best opportunities come from buying great businesses at lower prices. One Canadian stock that fits this description is Teck Resources (TSX:TECK.B). It's down by a notable percentage recently, but it offers strong long-term potential. It mines copper, zinc and formerly coal, key materials for the energy transition and global metal needs. If you're searching for one Canadian stock to buy and hold forever, Teck deserves a closer look. Teck is a diversified natural resources company based in Vancouver. According to its 2024 annual report, it posted revenue of $9.1 billion and delivered net income of $283 million. That shows it has scale. The metals it produces are essential in making everything from electric vehicles to infrastructure. With global demand for copper and zinc expected to rise, Teck stands to benefit over the long run. The most recent quarter worth considering is Q1 2025, which came out April 24, 2025. Teck reported adjusted earnings per share of $0.60. Revenue hit $2.3 billion, a 41.4% year-over-year increase from 1.6 billion. Operating profits were under pressure, but the bottom line surprised to the upside. That's a sign that Teck is managing costs and market fluctuations well. Caution is important here. Teck's trailing price-to-earnings ratio is high at about 75.3, and analysts expect earnings to fall before normalizing. Trading at that multiple does mean investors are paying for future growth. If that growth doesn't materialize, returns could lag. And let's not forget the environment. Teck has been fined for selenium and lead contamination in B.C., and pollution issues remain risks to reputation and cost . On the upside, Teck closed its steelmaking coal business sale in July 2024, focusing more on copper and zinc. That change aligns the Canadian stock with metals driving future power and tech infrastructure, especially copper. It means less exposure to fluctuating thermal coal prices and more to materials playing a role in cleaner energy. Teck also returns cash to shareholders. In fiscal 2024, it paid a dividend of $0.58 per share. That yield is modest, but combined with potential upside, it adds to returns. The Canadian stock also continues to invest in existing operations and new projects, including exploration and development in copper and zinc-rich regions. What truly makes Teck a hold-forever candidate is its long-term exposure to global trends. Copper and zinc demand is set to rise with green energy and infrastructure buildout. Teck has both the reserves and production capacity to meet that demand. And as it becomes a purer-play on these metals, its valuation narrative could shift to match peers in copper-focused mining. However, this isn't a risk-free strategy. Commodity prices can rise or fall sharply. Environmental regulation could tighten. And if demand for electric vehicles slows, demand may soften. That's why Teck's valuation should be watched carefully. This miner is probably better in a diversified portfolio than as your only holding. In a nutshell, Teck Resources offers a mix of assets tied to long-term demand, an improving earnings picture, and a valuation that reflects both its promise and its risks. If you believe in the metals transition and are willing to ride out commodity cycles, this could be the Canadian stock to own for the next decade, especially following its recent drop. Just don't ignore the risks or overpay. The opportunity is there, but like most things worth holding forever, it comes with a price, not just in dollars, but in patience and a clear-eyed view of the cycle ahead. The post 1 Magnificent Canadian Stock Down But Not Out to Buy Right Now appeared first on The Motley Fool Canada. Before you buy stock in Teck Resources, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Teck Resources wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Teck to Release Second Quarter 2025 Results on July 24, 2025
VANCOUVER, British Columbia, July 08, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ('Teck') will release its second quarter 2025 earnings results before market open on Thursday, July 24, 2025. A webcast to review the results will be held as follows: An archive of the webcast will be available at within 24 hours. About Teck Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at or follow @TeckResources. Investor Contact: Ellen Lai Coordinator, Investor Relations 604.699.4257 Media Contact: Dale Steeves Director, External Communications 236.987.7405
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Stocks Continue Climb on Fresh Trade News
Markets in Toronto hit a record high on Thursday as investors assessed economic data from Canada and the United States, while a U.S.-Vietnam trade pact renewed optimism about global trade agreements ahead of the July 9 tariff deadline. The TSX Composite Index gained 109.63 points to reach noon EDT Thursday at 26,979.29. The Canadian dollar inched up 0.12 cents to 73.71 cents U.S. On the TSX, technology stocks led sectoral gains, as BlackBerry rose 14 cents, or 2.4%, to $5.89. Energy stocks fell as Nuvista Energy fell 53 cents, or 3.6%, to $14.31, after announcing updated annual production guidance due to third party midstream delays. Mining shares edged lower. Capstone Copper was down 19 cents, or 2.1%, to $8.69, Teck Resources down $1.41, or 2.5%, to $55.31, and Ero Copper down 75 cents, or 3.2%, to $22.96. ON BAYSTREET The TSX Venture Exchange nicked ahead 1.60 points to 753.45. Eight of the 12 TSX subgroups were higher, with information technology up 1.5%, consumer staples ahead 1.2%, and financials richer by 0.8%. The four laggards were weighed most by energy, off 0.8%, health-care, sliding 0.6%, and materials, lower 0.2%. ON WALLSTREET U.S. stocks rose on Thursday, with the S&P 500 and NASDAQ Composite hitting fresh record highs, after a better-than-expected jobs report fueled optimism the U.S. economy was hanging tough despite fast-changing trade policy and geopolitics. The Dow Jones Industrials flew 344.11 points to 44,828.53. The much-broader index 51.93 points to 6,279.35 The NASDAQ Composite ballooned 207.97 points, or 1%, to 20,601.10. Analysts at Needham upgraded Meta Platforms to hold from underperform, saying in a note to clients that the Facebook-parent company has better labor productivity than eight other Big Tech and media peers that the agency covers. Thursday was a shortened trading session, with the New York Stock Exchange and the NASDAQ closing at 1 p.m. ET. U.S. markets are closed on Friday for Independence Day. All three major U.S. averages are on pace to close out the week in positive territory. The S&P 500 and NASDAQ Composite are each 1.7% higher week to date, while the Dow is at a 2.3% gain for the period. Non-farm payrolls rose by 147,000 in June, the Bureau of Labor Statistics reported Thursday. That's above the Dow Jones forecast from economists for 110,000 and the upwardly revised 144,000 in May. The unemployment rate also fell to 4.1%, while economists had projected an increase to 4.3%. Thursday's report comes a day after ADP released data showing that private payrolls decreased by 33,000 last month, raising fears that perhaps the economy was starting to stumble under the weight of rapid policy changes out of Washington. Thursday's official government data knocked down that notion. Investors are also following along the progress on Trump's tax megabill, which finally passed the Senate Tuesday and has since returned to the House. The bill is now headed for a final vote after the Republican-controlled House advanced the legislation Thursday. Thursday will be a shortened trading session, with the New York Stock Exchange and the NASDAQ closing at 1 p.m. ET. U.S. markets are closed on Friday for Independence Day. Prices for the 10-year treasury were lower, raising yields to 4.34% from Wednesday's 4.29%. Treasury prices and yields move in opposite directions. Oil prices docked 63 cents to $66.82 U.S. a barrel.
Yahoo
30-06-2025
- Business
- Yahoo
Teck Gets Approval To Extend Highland Valley Copper Mine Life
Teck Resources Limited (NYSE:TECK) is among the 11 Best Copper Stocks to Buy Now. The British Columbia government has granted Teck Resources Limited (NYSE:TECK) an Environmental Assessment Certificate for the Highland Valley Copper Mine Life Extension project (HVC MLE). A close up of an automated machine processing other Industrial Metals & Mining resources. Teck Resources Limited (NYSE:TECK) can now proceed with a final construction sanction decision, which is anticipated in Q3 2025, due to this approval. Permitting and site preparation will soon start. The project is expected to generate $500 million in GDP annually, supporting 1,500 continuing positions after completion and creating 2,900 construction jobs. The goal of HVC MLE is to continue operations at the biggest copper mine in Canada through the middle of the 2040s. The project complements Teck Resources Limited (NYSE:TECK)'s copper growth plan and supports the vital mineral supply chain in North America. Jonathan Price, president and CEO, acknowledged the partnership of stakeholders, the Province of British Columbia, and Indigenous Governments. Teck Resources Limited (NYSE:TECK) has placed great importance on the responsible development of metals that are crucial to economic growth and the global energy transition, and it has world-class copper and zinc operations throughout America. It is one of the best copper stocks. While we acknowledge the potential of TECK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
28-06-2025
- Business
- Business Insider
New Buy Rating for Teck Resources (TECK), the Basic Materials Giant
In a report released yesterday, Brian MacArthur from Raymond James maintained a Buy rating on Teck Resources (TECK – Research Report), with a price target of C$71.00. The company's shares closed yesterday at $40.53. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, MacArthur is a 5-star analyst with an average return of 14.5% and a 61.90% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Sandstorm Gold, Barrick Mining, and Franco-Nevada. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teck Resources with a $46.63 average price target, implying a 15.05% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $42.00 price target. Based on Teck Resources' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.29 billion and a net profit of $370 million. In comparison, last year the company earned a revenue of $3.99 billion and had a net profit of $343 million
