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

DON'T BUY

Very good company with very good assets has got themselves into problems with the balance sheet. Have a bridge loan that has to be refinanced. Until it's done, the market is not giving them any benefit of the doubt.

DON'T BUY

Bought Fording Coal at the peak of the coal market and then saw it collapse beneath them along with the price of other metals. Balance sheet is severely levered. If the economy comes back there should be strong demand for metallurgical coal.

BUY

(Market Call Minute.) Just getting lined up or as seasonal trade.

COMMENT

Iron/steel demand is down dramatically. Sees economic weakness globally. Metallurgical coal prices will be set in the next few months and he can't see it doing anything but go down.

DON'T BUY

Recently sold his holdings. Had liked its diversity of assets as well as its balance sheet. All changed when they acquired Fording Coal and a copper company at the peak. Have a lot of debt. Would like to see a management change.

TOP PICK

(A Top Pick Feb 1/08. Down 83.9%.) If you have to have a play in the mining/metals sector, this would be a good bet if things do turn around.

HOLD

(Market Call Minute.) Can't have full confidence in the viability of their balance sheet.

DON'T BUY

Acquired Fording Coal for the metallurgical coal. Steel production is down substantially so the price of coal is dropping rapidly. S&P downgraded this company to BBB credit. Company has to pay down the debt by the fall of 09. They don't have the money. He is Short this one.

RISKY

Managed to trash its balance sheet at the top of the market and buy a grossly overpriced asset. Rallying nicely because it got so cheap. Likes it on a speculative basis in the short-term.

SELL

If you have a strong belief that infrastructure spending is going to be strong for steel, and that the economy is going to get back on track then this is an aggressive way to play it. Risky. Enormous amount of debt.

DON'T BUY

Took on a large debt to acquire Fording Coal. A fine line whether they will be able to skate through their bank lines. Depends on your call on zinc, metallurgical coal and their other commodities. Inherently a call on the Asian economies. Risky.

BUY

Started into a consolidation phase mid-November. Although the Bollinger band is probably telling you to Buy the wood look at other technical indicators. Yesterday's breakout on volume and today's price are very positive. Use a $5.50 Stop.

BUY

Stock has been oversold.

COMMENT

Was beautifully cash rich until it acquired Fording Coal and is now flat on its back with a huge debt. Stock recovery could take a long time.

WAIT

Highly leveraged. Doesn't know if they can manage their debt. He suspects that it will become a merger candidate. Wait until you see the copper market going back up.

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