Value
5.7/10data confidence 100%| Component | Sub-score |
|---|---|
| P/E | 6.3 |
| P/S | 8.8 |
| EV/EBITDA | 8.0 |
| Fwd P/E | 7.6 |
| PEG | 2.4 |
| Analyst target | 3.0 |
- ▸Forward P/E: 16.2x
- ▸PEG: 5.14
TECK · Why this verdict
Why Teck Resources (TECK) is rated HOLD
Updated
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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VerdictHOLD
Overall score6.2/10
ConfidenceMEDIUM
MacroNEUTRAL
TrendMatrix Research · core thesis
Engine thesis — one sentence
Teck Resources delivered 72% revenue growth year-over-year, has beaten earnings estimates in all four of the last four quarters with an average positive surprise of 48%, and holds a maximum Piotroski financial health score of 9 out of 9 — though the stock trades 38.6% above the analyst consensus price target, creating significant asymmetry risk to the downside.
Falsifiable statement — pillar-level invalidators below. Engine-derived; not personalized advice.
Thesis pillars
| Pillar | Expectation | Trend |
|---|---|---|
Teck Resources grew revenue 72% year-over-year, achieving a maximum growth score of 10 out of 10 — driven by strong commodity pricing and production volumes in copper and zinc — placing it as the top growth name in the industrial metals and mining peer group. Growth breakdown | Revenue growth stays above 20% year-over-year in at least 2 of the next 4 reported quarters, sustaining above-average growth relative to peers. | →Stable |
| CounterMining revenue growth at 72% is heavily commodity-price dependent and can reverse sharply; a price-to-earnings growth ratio of 4.93 at the current stock price suggests the market is not assigning full value to cyclical earnings, reflecting justified skepticism about growth sustainability. | ||
Teck carries a Piotroski financial health score of 9 out of 9 — the maximum achievable — reflecting excellent balance sheet strength, profitability metrics, and operating efficiency, which provides resilience during commodity price downturns. Quality breakdown | Piotroski financial health score remains at 8 or above over the next four reported periods. | →Stable |
| CounterMining companies can show excellent balance sheet metrics at commodity cycle peaks that deteriorate rapidly when metals prices fall; the 9 out of 9 Piotroski score may reflect current-cycle tailwinds rather than structural quality. | ||
At $66.16, Teck trades approximately 38.6% above its analyst consensus target — a negative asymmetry ratio of negative 3.3 — meaning the current stock price has moved well beyond what fundamental analysis supports at current commodity price assumptions. Targets | Analyst consensus target rises above $75, more than 13% above the current $66.16 target of approximately $69.73, following continued strong earnings delivery. | ↑Improving |
| CounterMining stocks frequently trade above consensus targets during commodity bull cycles when investors anticipate continued price appreciation; the market may be assigning a higher commodity price scenario than analysts model. | ||
Teck has beaten earnings estimates in all four of the last four quarters with an average positive surprise of 48%, including beats of 56%, 43%, 34%, and 60% — demonstrating that management is consistently delivering results well ahead of what analysts model. Earnings | Earnings surprise stays above 20% in at least 3 of the next 4 quarters, sustaining the strong beat cadence. | ↑Improving |
| CounterAnalyst estimates for mining companies are notoriously difficult to model due to commodity price sensitivity; large beat percentages can reflect poor analyst modeling rather than true operational outperformance, making the streak less predictive. | ||
Teck Resources grew revenue 72% year-over-year, achieving a maximum growth score of 10 out of 10 — driven by strong commodity pricing and production volumes in copper and zinc — placing it as the top growth name in the industrial metals and mining peer group.
→StableGrowth breakdown
- Expectation
- Revenue growth stays above 20% year-over-year in at least 2 of the next 4 reported quarters, sustaining above-average growth relative to peers.
CounterMining revenue growth at 72% is heavily commodity-price dependent and can reverse sharply; a price-to-earnings growth ratio of 4.93 at the current stock price suggests the market is not assigning full value to cyclical earnings, reflecting justified skepticism about growth sustainability.
Teck carries a Piotroski financial health score of 9 out of 9 — the maximum achievable — reflecting excellent balance sheet strength, profitability metrics, and operating efficiency, which provides resilience during commodity price downturns.
→StableQuality breakdown
- Expectation
- Piotroski financial health score remains at 8 or above over the next four reported periods.
CounterMining companies can show excellent balance sheet metrics at commodity cycle peaks that deteriorate rapidly when metals prices fall; the 9 out of 9 Piotroski score may reflect current-cycle tailwinds rather than structural quality.
At $66.16, Teck trades approximately 38.6% above its analyst consensus target — a negative asymmetry ratio of negative 3.3 — meaning the current stock price has moved well beyond what fundamental analysis supports at current commodity price assumptions.
↑ImprovingTargets
- Expectation
- Analyst consensus target rises above $75, more than 13% above the current $66.16 target of approximately $69.73, following continued strong earnings delivery.
CounterMining stocks frequently trade above consensus targets during commodity bull cycles when investors anticipate continued price appreciation; the market may be assigning a higher commodity price scenario than analysts model.
Teck has beaten earnings estimates in all four of the last four quarters with an average positive surprise of 48%, including beats of 56%, 43%, 34%, and 60% — demonstrating that management is consistently delivering results well ahead of what analysts model.
↑ImprovingEarnings
- Expectation
- Earnings surprise stays above 20% in at least 3 of the next 4 quarters, sustaining the strong beat cadence.
CounterAnalyst estimates for mining companies are notoriously difficult to model due to commodity price sensitivity; large beat percentages can reflect poor analyst modeling rather than true operational outperformance, making the streak less predictive.
Per-dimension breakdown
Quality
6.2/10data confidence 86%| Component | Sub-score |
|---|---|
| ROE | 2.0 |
| Gross margin | 2.2 |
| Op margin | 10.0 |
| Net margin | 7.5 |
| Moat | 5.6 |
| Piotroski F | 10.0 |
- ▸Strong Piotroski F-Score: 9/9
Growth
10.0/10data confidence 67%| Component | Sub-score |
|---|---|
| Rev growth | 10.0 |
| EPS growth | 10.0 |
- ▸Strong growth: 72% YoY
Momentum
3.0/10data confidence 100%| Component | Sub-score |
|---|---|
| RSI | 5.5 |
| MACD | 0.0 |
| OBV | 1.0 |
| MA position | 4.0 |
| Volume | 4.3 |
- ▸Volume distribution (falling OBV)
- ▸Above 200-day MA
Sentiment
4.9/10data confidence 100%| Component | Sub-score |
|---|---|
| Analyst rating | 5.0 |
| Price target | 4.5 |
| erm sentiment | 5.2 |
Insider
5.0/10data confidence 50%Peer rank
5.7/10data confidence 80%| Component | Sub-score |
|---|---|
| value rank | 5.2 |
| quality rank | 7.3 |
| growth rank | 6.9 |
Technical
7.7/10data confidence 100%| Component | Sub-score |
|---|---|
| bollinger | 9.4 |
| support resistance | 8.8 |
| 52w position | 5.5 |
| gap | 7.0 |
Risk (lower is worse)
5.6/10data confidence 100%| Component | Sub-score |
|---|---|
| days to cover | 8.2 |
| volatility | 1.3 |
| put call | 7.7 |
| implied vol | 1.7 |
| max pain risk | 7.0 |
| beta | 4.7 |
| debt equity | 8.5 |
- ▸High IV: 70%
Catalyst
7.1/10data confidence 100%| Component | Sub-score |
|---|---|
| erm | 5.0 |
| earnings history | 10.0 |
| earnings timing | 5.0 |
| surprise avg | 10.0 |
| dividend safety | 5.5 |
- ▸Perfect beat streak: 4Q
- ▸Earnings in 4 days
How the verdict was assembled
Engine trigger
Maintain position. Not compelling to add more.
Engine technical detail
verdict_path:
L4:PATH_F_HOLDPassed (5)
- INSIDER:OK
- 8K:CLEAN
- NEWS_EVENTS:NONE_RECENT
- SEMI_CYCLE_PEAK:CLEAR
- MATERIALS_CYCLE_PEAK:CLEAR
Failed (3)
- MOMENTUM:3.0<4.5
- ASYMMETRY:-2.0=NEGATIVE
- EARNINGS_PROXIMITY:4d<=7d
Warning (0)
none
Reward-to-Risk
-1.98
Upside
-17.7%
Downside
9.0%
Sizing output
AVOID
Setup— — No clear chart pattern; technical signals are mixed
EdgeNo clear edge — No clear edge identified
SuitabilityAggressive — Beta 1.59>1.3
Investment implication
None of the engine's positive-conviction paths (C-quality, D-momentum) triggered — the F-path HOLD reflects balanced signals. Strongest-cleared gate: INSIDER:OK. Top dim: Growth at 10.0; weakest: Momentum at 3.0. No conviction either direction.
The strongest dimensions are Growth at 10.0, Technical at 7.7, and Catalyst at 7.1; the weakest are Momentum at 3.0, Sentiment at 4.9, and Insider at 5.0. The V9 engine flagged 3 failed gates, producing an asymmetric reward-to-risk of -1.98 and an engine sizing output of AVOID.
What would invalidate the thesis
Falsifying conditions — when triggered, the corresponding pillar's thesis is invalidated.
- P1Massive Revenue Growth Cycle
Trip ifRevenue growth falls below 10% year-over-year in any reported quarter, indicating the commodity-driven growth cycle is decelerating toward normalization.
- P2Perfect Financial Health Score
Trip ifPiotroski financial health score falls below 7 in any reported period, indicating balance sheet deterioration from commodity price pressure.
- P3Strong Earnings Beat Streak
Trip ifEarnings surprise falls below 0% in at least 3 of the next 4 quarters, ending the current strong beat streak.
- P4Price Far Above Analyst Target
Trip ifStock price rises above $75, more than 13% above the current $66.16, further widening the premium above analyst targets beyond 50%.