Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. The company operates through Copper and Zinc segments. It offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. The company also produces lead, precious metals, molybdenum, fertilizers, and other metals; and sells refined metals or concentrates. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is based in Vancouver, Canada.
Strategic Positioning | Teck's focus on critical minerals in low-risk regions, coupled with a significant share buyback program, signals confidence in future growth |
QB2 Mine Challenges | Geotechnical issues at QB2 pit impact production guidance, presenting operational risks amid the transition to hypogene ore processing |
Financial Resilience | Strong Q2 2024 results showcase robust EBITDA and healthy liquidity, with upward revisions in revenue and EPS projections for fiscal year 2024 |
Copper-Centric Shift | Teck Resources pivots towards copper, divesting coal assets to align with green technology trends and improve ESG profile |
Metrics to compare | TECK | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipTECKPeersSector | |
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P/E Ratio | −29.4x | 17.6x | −0.1x | |
PEG Ratio | 0.36 | 0.02 | 0.00 | |
Price / Book | 0.9x | 1.5x | 1.6x | |
Price / LTM Sales | 2.6x | 1.8x | 1.2x | |
Upside (Analyst Target) | 28.2% | 26.1% | 33.7% | |
Fair Value Upside | Unlock | 8.7% | 4.3% | Unlock |