TSE:TECK.B

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
0
DON'T BUY
Devastated because of financial concerns it is facing. Charts don't even show an indication of support yet. Stock normally does very well from the end of November through until April. He wants to see signs of bottoming in some of the commodities like gold, copper and zinc first.
HOLD
Thinks the company will come out of this okay. Falling coal prices are not helping. Will probably be a dividend cut. Still thinks Fording acquisition is a good one as there are contracts that take them out through most of next year. Will still generate great cash flow out of those contracts.
DON'T BUY
Have more debt than they have market cap, which is always a bad sign. In the current market, you want to own companies that have lots of cash and very little debt.
DON'T BUY
(Market Called Minute.) They have trashed their balance sheet with their purchase of Fording Coal.
BUY
If you own, you could average down. He is looking for a recovery over the next 12 to 15 months. Look at the stimulus package that China has put into place. In the next 28 years, emerging markets are going to be adding 2 billion people to their middle classes. That is 2 X China's population now.
HOLD
Believes investors are worried about the debt they have taken on to buy Fording Coal. Also commodities are under pressure. It is possible the dividend is not safe. In the long run it is a great company. You could Buy if you have a 3 to 5 year view.
DON'T BUY
Great Canadian company. Was very unfortunate in its timing in the acquisition of Fording Coal and its debt has skyrocketed. China has come out and started to renegotiate coal prices. Current price looks interesting but the balance sheet is very, very stretched.
SELL
(Market Call Minute.) Bought a lot of things at very high expensive prices.
BUY
Fording Coal was a very advantageous deal from both a tax standpoint and a positioning them in the coal market.
HOLD
Has really been hit hard by the decline in zinc prices. China factor is very important. Thinks there is real concern about the 8.1% dividend. Just made a huge acquisition of Fording so that is going to take a lot of money off the balance sheet. Let them cut the dividend and then have another look at it.
BUY
Zinc oriented. Still have some cash and cash flows. They could cut the dividend. Zinc’s time will come again.
DON'T BUY
Gives him some concerns. Has been the traditional great mining company but the acquisition of Fording is a very expensive, top of cycle huge debt load. This is not the time to be a debtor. Metallurgical coal prices have peaked and are going to go down. Would call into question the 8% yield.
DON'T BUY
Has a lot of base metals companies that he has been selling aggressively as profitability has been falling. Could not buy right now when the ROE is plummeting.
PARTIAL BUY
Acquiring Fording Canadian Coal (FDG.UN-T). Good basket of different resources so if you like the resources sector at all this is a good bet. Has been nibbling away at this one.
DON'T BUY
Although it seems like the central banks and governments are getting things in place, we don't know how severe the recession will be. This is particularly important for mining stocks and commodities plays. He would give it at least another quarter or two.
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