Teck Resources Ltd. (B) (TECK.B.TO) Buy, Sell…

Teck Resources Ltd. (B) (TECK.B.TO)

85.38

+1.45 (1.73%)

as of Nov 6, 2026, 9:00:00 pm Market Closed.

552 watching

BUY

This is now a coal and zinc story. Coal prices have been rising strongly, which is a good sign for steel demand. Zinc has come up quite strongly.

WEAK BUY

Copper? Bellwether on economic growth. 2008 was pessimistic and 2009 was optimistic. With Chinese central bank tightening actions, thesis of growth in China and developing countries has trailed off. This one would be a way of playing copper and has a reasonable valuation.

BUY

Just entering the seasonal strength for base metals sector. Historically has been around the end of January through until the 2nd week of May. He is now seeing classic, short-term momentum Buy signals.

DON'T BUY

At these metal prices, it is fairly valued. They have good assets. Management did 4 disastrous things. Don’t take the risk – buy Westshore. Wait until management shows they aren’t going to do this sort of thing.

COMMENT

Primarily coal, which has a lot of demand from China. Concerns that China will be putting brakes on growth have had a fairly major impact on all base metals. As fear eases, this will go back over $40 eventually. Will probably wait before reinstituting an aggressive dividend policy.

DON'T BUY

Big player in copper/gold. Doesn't like the base metal sector generally as it is highly cyclical and volatile. If it pulled back to the lower $30 level he would look at it.

DON'T BUY

(Market Call Minute.) Had a good run. Would look for other opportunities.

BUY ON WEAKNESS

Had an incredible run from an almost bankrupt position early last year. Recently restructured debt. Found a strategic partner to buy some equity and have been selling assets. Metallurgical coal is in demand from China.

WEAK BUY

Has had an unbelievable run. Coal inventories are tight. Lots of Chinese steel production where they need coal. Earnings should explode higher in 2010. Balance sheet is still not the best.

DON'T BUY

Has pulled back with the rest of the commodities. Have fixed the balance sheet. Outlook for coal is better. Tied to Asia and China better than others. If there is a pullback in the group, it will pull back more than the others. Longer term it will be fine.

HOLD

He took some profits on the way up but is holding his position. Great assets. In the long run, the coal assets are going to pay off. Also have sync. Tidied up their portfolio. Finances looked solid. Have a relationship with China, which should pay off.

COMMENT

Closing in on his target price of $42. Not a ton of upside but he is a strong believer in the company and its model. Spot coal prices around $180 per ton and analysts are not using this in their models.

SELL

It has run too far and is fully valued, in fact significantly overvalued. Go into a more defensive name, not necessarily mining.

BUY

(Market Call Minute.) Loves this one. Copper. The Chinese are behind it. Will do extremely well going forward.

COMMENT

Will do well in a resource environment that is growing. He prefers Westshore Terminals (WTE.UN-T), which is the 2nd largest coal terminal globally and will benefit from this company’s growth.

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Teck Resources Ltd. (B) (TECK.B.TO)