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TSE:TECK.B

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

95.46
-1.64 (1.69%)
as of Oct 13, 2026, 8:00:00 pm Market Open.
552 watching
0
BUY
(Market Call Minute.) Likes the price of metallurgical coal.
HOLD
Has reduced its debt dramatically. Selling off assets hand over fist at the beginning of the year. Now that copper, coal and zinc prices have recovered he doesn't think they have to sell off any more so doesn't expect it will sell off its stake in Fort Hills.
COMMENT
If you are a short-term trader, the 21-day moving average and it clocks in at $27.84 and the 50-day is at $26.55. There is a big gap between the 200-day average and the stock price so there is a probability that the stock is going to reverse so put your stoploss below $25.
COMMENT
Forward earnings is trading at around 13 times. Technically it looks sound. Well about the 50-day moving average and the 200-day moving average is moving up as well. Starting to peak off a little bit in terms of where it was a couple of months ago. As an alternative, Consider FNX Mining (FNX-T). A bit cheaper and they beat their estimates in the last quarter.
COMMENT
For a metallurgical coal. Not a ton of upside, which is indicative of a bottle of stocks in the metal and mining area. Think they will ultimately sell their holdings in the Fort Hills project as it will be controlled by Suncor (SU-T).
HOLD
Can throw past seasonality out the window. They fixed the balance sheet and now outlook for coal prices is much better than it was 6 months ago. In another 6 months it will be fine. Would be a candidate to pull back more than the market if a correction occurs.
SELL
Would be selling. Is not his favorite in the sector. Stock has come back a long, long way.
PAST TOP PICK
(A Top Pick Sept 23/08. Down 27.65%.)
PARTIAL SELL
Sector is hot and the market decided this company was going to survive. Also coal currently is on fire, which is probably the prime driver behind this. Trending higher but if you own, take a little bit off the top. Expected to consolidate and be flat for a while and then move higher.
BUY ON WEAKNESS
(Market Call Minute.) Had a wonderful run off the bottom. Now rolling over a little.
BUY ON WEAKNESS
Has had an exceptionally strong recovery. Did a good job of mitigating the debt risks. Copper prices have recovered and coal prices are set for the next year. Try for an entry point in the low to mid-$20’s.
HOLD
Metallurgical coal, copper and zinc. Has had a huge run from its lows. Global economies are on the path to recovery led by emerging markets so demand will improve over time. There might be some near-term profit taking.
HOLD
Largest Canadian company in the base metals sector. Sorted themselves out financially. Coal is feverish at the moment and would seem to be going higher.
PARTIAL SELL
Leveraged their balance sheet quite aggressively when they acquired Fording Coal and was on the verge of bankruptcy. Management has done a tremendous job bringing the company back. Cyclicals have now run a little bit too far and he would be inclined to take profits in the sector.
SELL
Made horrible transactions last year but recovered because of the lending agreement they established as well as a massive recovery in the underlying commodities. Has never liked management or their transactions. Balance sheet has been under incredible stress.
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