Viewing Company Teck Resources Ltd. (B) | StockChase
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Teck Resources Ltd. (B) Stock Symbol: TECK.B-T

Notes:

zinc

Last Price Recorded: $28.6800 on 2017-10-20

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Date Signal Expert Opinion Price
2017-10-20 COMMENT William Chin

Chart shows a very nice recovery in 2016, but now it is showing lower highs and lower lows. Going forward, he expects we’ll have periods of weakness going back to about $10 levels. You can’t talk commodities without talking about China. China is just going through a big party Congress. Historically, they dress up before the Congress, but after that they might go back to deleveraging. China is very highly leveraged. Doesn’t expect any hard landing, but just slower growth. Expects there may be some weakness at hand, but is looking at support of around $20.


Price:
$28.680
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-10-18 COMMENT Brian Madden

Canada’s largest miner of base metals and bulk commodities like coal, zinc and copper.  It has lagged some of the more pure plays on base metals.  He would prefer LUN-T.  He is indifferent on this one.


Price:
$27.610
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-10-17 DON'T BUY Brian Acker, CA

This one is tough. (Sold his position.) He can’t say it is a strong Buy or that it is a strong Sell. His model price of $69.73 is 140% above the current price, but what is happening is that the model price is decreasing over time because earnings estimates have been grinding lower. If it went to $34.50, he would hit the Sell button. If it got down to $20, he would be a buyer.


Price:
$28.160
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-10-17 HOLD Michael Smedley

Your senior of the somewhat reduced metal space. It has its good mines, and is somewhat exposed to the oil sands, which worries him a little. Has a great history of going up and down, but basically it is a big copper producer. Copper is looking pretty strong.


Price:
$28.160
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-10-05 TOP PICK Fabrice Taylor

Zinc is unloved and nobody talks about mining, it’s all Google and Facebook. At some point these things will sell off and the money is going to go into unloved and forgotten spaces. This is trading at 7X earnings and 90% of BV. They are buying back stock. Generating a lot of free cash flow.


Price:
$28.910
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Yes
2017-10-05 BUY Ross Healy

The stock has been doing quite nicely and has a nice FMV, potentially huge upside based on the earnings forecast. However, at the top, mining companies always have massive earnings and massive FMV’s. The market doesn’t pay for them. Thinks it has decent potential to about $34.


Price:
$28.910
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-10-02 WAIT Don Vialoux

It has a period of seasonal strength from the second week in January until May of each year.  This last year it did not work so well.  It is in a trading range with the trend to the downside.  Wait until we get closer to the second week of January.


Price:
$27.100
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULL
Owned:
Unknown
2017-09-26 COMMENT Lyle Stein

Looking at the commodity spectrum, this one comes right to the top of the list, because of the 3 stools, metallurgical coal, zinc and copper. Met coal tanked 2-3 years ago and had a remarkable recovery at over $300 a ton. Collapsed to $150 a ton, and is now trading at around $200 with a bias to probably going lower. That kind of spooked the street. What was forgotten is that this is probably the largest zinc producer, and is trading at multiyear highs. Inventory of zinc globally is about 11 days. Where zinc is a play today, copper should be the play 2-3 years from now. The price is pretty attractive. He would be looking to Buy more than to Sell today.


Price:
$26.070
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-22 COMMENT Don Vialoux

Look for very strong 3rd quarter results. The estimate is around $1.20 versus about $0.20 last year, and that is going to be a positive factor. Technicals are a bit mixed, where the stock is trying to form a triangle. If it moves above the triangle, that would be positive. On a momentum basis and relative strength basis, it is kind of neutral. Historically this has done very well from approximately January through until May of each year.


Price:
$27.100
Subject:
SEASONAL & TECHNICAL
Bias:
UNKNOWN
Owned:
Unknown
2017-09-20 DON'T BUY Bruce Murray

This has had a very volatile history. It has been bounced between $3.50 several times over the last couple of decades. Right now, it is in the middle of that range. Coal price has probably peaked, which is about 50% of their revenue, and there will be negative pressure from that. On the other hand, about 25% of the business comes from zinc, and another 25% comes from copper. Those 2 businesses are looking better. Half the businesses are doing well and half are under pressure. They also have a big investment in an oil sands project, which is high cost oil at the end of the pipeline, and he does not like that part of the business. He wouldn’t buy it here.


Price:
$26.890
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2017-09-13 COMMENT Michael Sprung

In the last day or so, we have seen a few of the mining stocks suffering from fairly rapid setbacks. What was driving this company up to now was a very good met coal market. Right now, he thinks people are stepping back and saying “We have seen some strength in commodities lately, but how sustainable is it, and how likely is it going to last.” The pullbacks might be a bit of a buying opportunity.


Price:
$26.730
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-12 COMMENT Christine Poole

This has exposure to met coal, copper and zinc. Met coal prices tend to be quite volatile, and have been recovering. Also, zinc prices have been improving. Of all the commodities, she feels zinc is the most favourable. Hasn’t been adding to her holdings. Would like to wait for it to pull back a bit more, as well as more clarity as to what met coal prices look like for the balance of the year.


Price:
$28.250
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-06 COMMENT Keith Richards

The Chinese just sold a big chunk of their holdings. This is kind of a premier resource stock. It is almost like a mutual fund, because it has a little bit of everything. The chart shows it is in a bit of a down trending movement. There is a lot of volatility, but net/net it has been selling off since the last part of 2016.


Price:
$29.620
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2017-08-29 COMMENT Barry Schwartz

In the past, he has very much liked the base metal commodity space. Had thought that with the growth demand in China these were must own names. Had a change of heart in 2010-2011, and completely eliminated his exposure. This lives and dies with the price of metallurgical coal and other commodities.


Price:
$31.610
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-29 PARTIAL SELL Colin Stewart

Up 32% on this. What should I do? Any time you are up a lot in a stock, it never hurts to take a little money off the table. The outlook for the company is solid. They have benefited from commodity prices, particularly met coal and copper, increasing recently. A pretty diversified base metals company. Have had a lot of debt, but are starting to pay that down and deleverage the balance sheet, which is one of the reasons the share price has done well. Over the next couple of years, because the capital expenditure is going down, you are going to see increased free cash flow from this business, which will allow them to pay down more debt, allowing the equity price to continue to appreciate.


Price:
$31.610
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-08-28 SELL Larry Berman CFA, CMT, CTA

He says sell!  When commodity prices were high and we were bullish about Chinese growth, the stock was $40-$60 when it was firing on all cylinders.  He does not think we are going back to that.  We already rallied back to the $34 area.  He is a better seller than a buyer.


Price:
$31.260
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-18 SELL Norman Levine

He has trouble buying this one low and selling high.  This is generally a trade.  It is not going to run up again and so it is probably a better sell than a buy.


Price:
$29.340
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-08-10 BUY on WEAKNESS Robert Lauzon

He likes what they have done in terms of containing costs.  They are a good way to play zinc.  All these base metals have had a good run off positive numbers in China.  He would hold it and let it pull back here and then buy more.  He likes the outlook for zinc.


Price:
$28.360
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-08-08 BUY on WEAKNESS Lyle Stein

Had a huge downdraft in 2015 and recovered nicely in 2016 with a huge run, and then finally gave up the ghost. It has 3 commodities, metallurgical coal, zinc and copper. Met coal hit $300, fell back to $150, and is now rallying up to $200. Commodity stocks are hard to investment in unless you buy right. The nice thing about this one is that for the near term you have met coal which has stabilized at much higher prices than anyone anticipated and generates lots of cash. Most important though, over the next 6 months, zinc looks very, very tight. Then when you get out to 2020, 2021 and 2022, copper looks to be in significant shortfall, and this company will play that, especially with their 2nd project of QB2. Also, the company has fixed the balance sheet. He would like to see a bit of a pullback.


Price:
$29.060
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-04 SELL Don Vialoux

Very strong seasonality. The best time is from October through to early January. Right now, there is a little bit of concern. The chart shows it is coming under some pressure and is currently in a downward trend. It has some seasonality coming into the summer until around the middle of July. It then has a selloff period through until October. This might be an opportunity to get out.


Price:
$28.260
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-08-03 COMMENT John Stephenson

Overall, a great company. Has good leverage to global growth. To a large extent, the glory days are behind, because he doesn’t think we are going to see the infrastructure boom in China or India any time soon. A good, solid company with a decent balance sheet. It is probably fine, although it wouldn’t be his 1st choice.


Price:
$27.250
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-07-31 HOLD Rick Rule

He intends to hold it for at least 18 months.  He is attracted to the coal and copper exposure.  He also likes their heavy oil operations.  We are in the early stages of a bull market.  They have fine processing facilities.  He takes Chinese prognostications with a bit of skepticism.  He just watches commodity prices.  If copper prices don’t rise we won’t have the ability to transmit electricity. 


Price:
$27.060
Subject:
CANADIAN RESOURCES
Bias:
BEARISH on RESOURCES
Owned:
Yes
2017-07-24 WATCH Keith Richards

Metals are starting to see a little bit of life. Chart shows a neckline break at around $26, which is pretty much game over. Now it is kind of bouncing off the current level. If you are a technical person, you can buy this right now, but you have to let it play out. If it breaks the neck line, it could be a great play.


Price:
$24.610
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-21 BUY Ross Healy

The fair market value is quite high, relative to the current price. If there is any change in the market towards the resource sector, this is a stock that could do quite well. He could see it going to $34.


Price:
$24.420
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-07-21 COMMENT Michael Sprung

This has done fairly well over the last couple of years. They are a much different company than they were 10 years ago, when they were largely exposed to coal and coal shipments. He sold his holdings about 6 months ago. The markets they are involved in are extremely unpredictable. Met coal is very interesting, but China is producing at record rates. This would not be his choice within the sector.


Price:
$24.420
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-11 COMMENT Brian Acker, CA

This just had a Buy signal, because it broke out of one of his structural levels. His model price is $68, 190% of yesterday’s close. Earnings estimates are $4.17 this year and goes down to $3 next year. He has had Sell signals all along, and this is the 1st Buy signal he has had. If you are a trader, he would be Long the stock.


Price:
$24.550
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-07-10 DON'T BUY Gerard Ferguson

A very late cycle type of stock.  We saw a very big move in the name so he would be very hesitant to move back into it.  The balance sheet risk has been taken out of this story.


Price:
$23.650
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
No
2017-07-06 HOLD Jim Huang

The main commodity this company produces is coking coal used in making steel, which had an unexpected huge run, and enabled them to make a lot of money and pay off a lot of debt. As a result, the balance sheet is in good shape. Coal has probably stabilized at the current price. They are also exposed to copper and zinc. It all depends on your view of these commodities. He is quite bullish on zinc and reasonably comfortable with copper. There could be more downside on coking coal.


Price:
$23.210
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-07-05 DON'T BUY Daniel Lloyd

He just covered his Short of $20 a couple of weeks ago, and this has bounced nicely. If you want to own base metals, focus on copper. In bulk materials, particularly coal, there is a dramatic supply response to the run-up in prices last year. It is not a particularly difficult mineral to mine. Also, this company is very sensitive to a strong Cdn$.


Price:
$22.920
Subject:
CANADIAN
Bias:
BULLISH on ENERGY
Owned:
No
2017-06-27 TOP PICK Lyle Stein

This has met coal, copper, zinc and oil. People are forgetting the zinc story. Zinc is really, really tight and is just starting out to see a run. 3 years out, copper is going to be very tight. Met coal is $140, and their costs are $90. Dividend yield of 1%. (Analysts’ price target is $37.)


Price:
$21.760
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 30 of 1,443 entries
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