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

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

89.85

-0.14 (0.16%)

as of Sep 16, 2026, 8:00:00 pm Market Open.

551 watching

DON'T BUY

Has certainly come off, but not a contrarian play. He was amazed at how high it had actually gone. Had a lot of money and bought a lot of companies at the height of the cycle. This does not bode well for them.

TOP PICK

Even though management guided down on the earnings for 08, it has not really affected his model price of $75.35. That is a 125% positive differential.

WATCH

Becoming very interested in this stock. Another $2 or $3 on the downside gets it to very interesting technical support. The FMV is out of sight compared to the current price. If you Buy, do it for the long term.

PAST TOP PICK

(A Past Top Pick. Jan 10/07. Down 10.1%.) Base metals have been remarkably volatile in the last little while. From his point of view, you have to own these stocks. Thinks it has been oversold and is a buying opportunity.

BUY

Starting to worry about a stagflation environment. Mining shares would be an area that would generally do well so having money in this area would be a good idea. Good assets.

COMMENT

Down for 2 reasons. 1) Has been caught up in the commodities correction. 2) Has had some cost overruns and they have had to push off some projects. Good quality company that is just facing a tough environment that should amend itself in the 2nd half of 08.

PARTIAL BUY

Think it has found a bit of a bottom here. Getting caught up in what is called the industry affect. In this case, commodities where really overbought. On the down side, it could drop $2. Metals are risky right now. You have to get out of it if it hits $32. You can buy a small position now and if it hits $35 you add some more and if it hits $40 you add again.

COMMENT

Short-term, he is somewhat bearish on metal pricing because of the weakening global economy. 2.5% yield and trades at 8X consensus earnings. Also have exposure through coal (Partnered with Fording Coal (FDG.UN-T)) and the oil sands. If you are bullish on base metals, this is a great holding.

HOLD

Likes most of the fundamentals for the stock. One of the issues that he has is that they have made a couple of bad acquisitions, which has hurt the stock. Zinc, coal, their interest in the oil sands are all good things for this company. Would be an aggressive buyer at $30.

BUY

Had a couple of disappointments, the most recent the shelving of the joint Galore Creek venture. Strong balance sheet and a well-diversified portfolio. Coal prices look to be fairly favourable in the longer term. Good price.

TOP PICK

Re-evaluating their position with respect to Fording (FDG.UN-T), in particular with regards to the Elk assets.

TOP PICK

(His 3 Top Picks will not give you instant gratification, but are to be held for 1, 2, 3 years.) Has been hurt recently because 1) it is not a takeover candidate and 2) a major project, Galore Creek was cancelled because of costs.

COMMENT

FMV is about 4X the current price. This would normally make it awfully good value, but it does not behave well technically and he wonders if the market is expecting a recession. Commodity prices and earnings forecasts are holding up well. Can't see any reason not to like it but it doesn't act well.

BUY

Very inexpensive. Has been oversold. Base metal story is not a one-month story. Thinks demand from Asia for commodities is going to continue to grow.

HOLD

Suspended operations at Galore Creek’s massive gold/copper project because of high capital costs. Stock was hit hard. This is the only real major mining company left in Canada.

Showing 1,261 to 1,275 of 1,726 entries

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