TSE:TECK.B

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
0
PAST TOP PICK
Up 27%, and he's holding on. If he sees signs of a slowdown he is letting go. There are very few high grade metal stocks to buy in this country.
BUY
Doesn't think base metals have hit their peak. This is a better “wait and see” situation. Loaded with cash. Very competent management. For the longer term it would be a buy.
HOLD
Too expensive for him. Costs are going up in the coal and mining businesses. If they can get costs under control and nickel prices stay high it should be good.
DON'T BUY
Had a great advance from 2003 which was broken this year. So now there is a bear. There was a lower high and whether it will take out the new low is now the question. Thinks it possibly will.
BUY
A fantastically well-run company with a significantly strong balance sheet. A lot of money that used to flow into Falconbridge and Inco, will flow into this stock.
BUY
Stayed disciplined on the bidding for Inco (N-T). Generating a ton of cash. Diversified. Good balance sheet. Thinks they are buyers of smaller growth companies.
BUY
The only major diversified miner in Canada. Has a wonderful suite of different minerals including lead, zinc, coal, oil sands and molybdenum. 2.5% yield.
HOLD
Generating a lot of cash. The question is, what will they do with the cash. They'll probably increase dividends, buy back a lot of shares and acquire companies. Because it is a large company, it cannot grow as much as a small company. He prefers smaller companies.
PAST TOP PICK
(A Top Pick Sept 28/05. Up 31.4%.) Hasn't put new clients in at the current price. Would prefer in the low $70's.
PAST TOP PICK
(A Top Pick June 19/06. Up 15%.) Sold about 75% of his position.
HOLD
Now that we've lost Falconbridge and presumably Inco (N-T), this is the remaining blue-chip metals stock in Canada. Best managed in their sector. September will continue to be weak and there will be a better opportunity to buy at the end of Sept.
PAST TOP PICK
(A Top Pick Mar 21/06. Up 2%.) Fears of the US economy have probably contributed to the drop in price. As this is a global company, the fears are probably unfounded. Good growth. Well diversified globally.
WATCH
His favourite metal stock. Has hesitated putting it into new accounts. Would like to see it in the lower $70’s.
PAST TOP PICK
(A Top Pick June 12/06. Up 22%.) Still likes. Will possibly add more once the dust on mergers settles.
COMMENT
Possibility of them going into uranium. Would probably be a small seed company. Expects it would be a drop in the bucket for a while.
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