Teck Resources Ltd. (B) | StockChase
1465
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $37.0700 on 2018-01-17

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals
1465
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $37.0700 on 2018-01-17

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals

Teck Resources Ltd. (B)


Signal Opinion Expert
COMMENT

This is in pretty good shape at the moment. With the move to electric cars, it should double the world's copper production. This has very strong copper assets. Also has very strong zinc assets which are doing very, very well at the moment. Metallurgical coal is doing fine. Everything is moving in the right direction for them at the moment. It's a well-managed company, but highly cyclical. The stock will probably do fine for the next 6 months or so.

precious metals

This is in pretty good shape at the moment. With the move to electric cars, it should double the world's copper production. This has very strong copper assets. Also has very strong zinc assets which are doing very, very well at the moment. Metallurgical coal is doing fine. Everything is moving in the right direction for them at the moment. It's a well-managed company, but highly cyclical. The stock will probably do fine for the next 6 months or so.

precious metals
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$38.630
Owned Owned
No

BUY

He just had a positive transit this week. The last time he traded this was in 2012. His model price is $79.33, 100% higher than where it is currently trading. This is a cyclical, so these prices really never go to where the fundamentals are. EBV + 3 is $70, which is where he traded in 2011.

precious metals

He just had a positive transit this week. The last time he traded this was in 2012. His model price is $79.33, 100% higher than where it is currently trading. This is a cyclical, so these prices really never go to where the fundamentals are. EBV + 3 is $70, which is where he traded in 2011.

precious metals
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$38.250
Owned Owned
Unknown

HOLD

What should I do with this? You have the ability to make a good short-term return, so he wouldn't sell it. It looks like it wants to break out of a trading range. A cyclical rally in the market, and materials has shown up as a top overweight by many strategists, so he thinks money flows into this sector. This is quite a volatile stock, so you probably want to hold this. You'll probably hit some headwinds at about $40, which is where you want to sell it.

precious metals

What should I do with this? You have the ability to make a good short-term return, so he wouldn't sell it. It looks like it wants to break out of a trading range. A cyclical rally in the market, and materials has shown up as a top overweight by many strategists, so he thinks money flows into this sector. This is quite a volatile stock, so you probably want to hold this. You'll probably hit some headwinds at about $40, which is where you want to sell it.

precious metals
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$36.520
Owned Owned
Unknown

BUY

Fort Hills does not make a huge difference but he thinks the diversity of their commodities is good and the market does not recognize it in their price.  They have Zinc, Copper and Coal as well.  Having that diversity of products in a company that now generates free ash flow, he thinks it makes it pretty good value.  He would not be shy buying it at these levels.  It is setting up to be a pretty nice play for the long term.

precious metals

Fort Hills does not make a huge difference but he thinks the diversity of their commodities is good and the market does not recognize it in their price.  They have Zinc, Copper and Coal as well.  Having that diversity of products in a company that now generates free ash flow, he thinks it makes it pretty good value.  He would not be shy buying it at these levels.  It is setting up to be a pretty nice play for the long term.

precious metals
James Telfser

Partner & Portfolio Manager, Aventine Management ...

PricePrice
$35.480
Owned Owned
Yes

PARTIAL BUY

Chart shows a breakout at around $32. You could buy this right now. Expect a little volatility. The one thing you can do to insulate yourself from a drop is to just buy half now. All the indicators are turning up. The short ones are a little overextended. If it got anywhere near $32, it could go right down to $29 without impairing this move. If it got above $35, then you could buy your 2nd half.

precious metals

Chart shows a breakout at around $32. You could buy this right now. Expect a little volatility. The one thing you can do to insulate yourself from a drop is to just buy half now. All the indicators are turning up. The short ones are a little overextended. If it got anywhere near $32, it could go right down to $29 without impairing this move. If it got above $35, then you could buy your 2nd half.

precious metals
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$33.370
Owned Owned
Yes

PARTIAL SELL

Had a very nice run to get back to a level where it has had all kinds of problems getting through. It has tried to get through the $34 level for many years, and can't get through. He would take some money off the table.

precious metals

Had a very nice run to get back to a level where it has had all kinds of problems getting through. It has tried to get through the $34 level for many years, and can't get through. He would take some money off the table.

precious metals
Elliot Fishman

Director, US & International E...

PricePrice
$33.720
Owned Owned
Unknown

COMMENT

Chart shows a big decline from early 2014, with a very nice break out in early 2016. It is currently doing some consolidation. However, it’s taken too long for the stock to be still trading in the low $30s. If the chart was bullish, the stock should be much higher. It is still going sideways in the low $30s. He doubts it will go much higher in 2018, and will probably go sideways on the either side of $30. If you see it at $33 or $34, that would be a good place to sell your holdings.

precious metals

Chart shows a big decline from early 2014, with a very nice break out in early 2016. It is currently doing some consolidation. However, it’s taken too long for the stock to be still trading in the low $30s. If the chart was bullish, the stock should be much higher. It is still going sideways in the low $30s. He doubts it will go much higher in 2018, and will probably go sideways on the either side of $30. If you see it at $33 or $34, that would be a good place to sell your holdings.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$32.870
Owned Owned
Unknown

BUY

It’s cyclical but he thinks its a good time to get back in. The return on invested capital in the last 2 years has improved from 1% to 3% and now in Q3 it’s at 7%. It’s going in the right direction, the valuation is quite reasonable, you got the commodity prices, mostly coal and copper, going in the right direction too. Things are going in the right direction, he really likes it.

precious metals

It’s cyclical but he thinks its a good time to get back in. The return on invested capital in the last 2 years has improved from 1% to 3% and now in Q3 it’s at 7%. It’s going in the right direction, the valuation is quite reasonable, you got the commodity prices, mostly coal and copper, going in the right direction too. Things are going in the right direction, he really likes it.

precious metals
Matt Kacur

President, FSA Financial Scienc...

PricePrice
$32.140
Owned Owned
Unknown

COMMENT

The big global trend right now is to have synchronized global growth for the 1st time in a decade. That all looks good and this company can usually rise into that. If he had to play catch-up on being left behind in resources, he would have to own this because it is a big Canadian company going from $20 to $30. We are over halfway through the cycle when you are going to be rolling out of these things. He’s lowered his mining exposure dramatically, because he can see other things he can do with his money.

precious metals

The big global trend right now is to have synchronized global growth for the 1st time in a decade. That all looks good and this company can usually rise into that. If he had to play catch-up on being left behind in resources, he would have to own this because it is a big Canadian company going from $20 to $30. We are over halfway through the cycle when you are going to be rolling out of these things. He’s lowered his mining exposure dramatically, because he can see other things he can do with his money.

precious metals
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$31.750
Owned Owned
Unknown

COMMENT

We have seen a pick up in this sector overall. We are in the seasonal period for metals and mining and started to see a run up. Looking at the charts, we’ve had a little bit of a downtrend and are now having a little bit of resistance. This is actually so positive. Especially above 32$, it would be a very positive sign for it to move higher.

precious metals

We have seen a pick up in this sector overall. We are in the seasonal period for metals and mining and started to see a run up. Looking at the charts, we’ve had a little bit of a downtrend and are now having a little bit of resistance. This is actually so positive. Especially above 32$, it would be a very positive sign for it to move higher.

precious metals
Brooke Thackray

President, Jov Investment Manag...

PricePrice
$30.880
Owned Owned
Unknown

COMMENT

Has held this in the past and did very well with it, but wants to be a little more convinced metal prices are really on a discernible uptrend. With the world economic numbers looking better, that is a distinct possibility. Presently it is a bit pricey. To him, it is still in the risk areas that is outside of what he could readily accept.

precious metals

Has held this in the past and did very well with it, but wants to be a little more convinced metal prices are really on a discernible uptrend. With the world economic numbers looking better, that is a distinct possibility. Presently it is a bit pricey. To him, it is still in the risk areas that is outside of what he could readily accept.

precious metals
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$29.860
Owned Owned
No

COMMENT

This is Canada’s remaining really great mining company.  It is very well managed.  It has been run by the same management for many years.  It has Zinc, Copper, and oil sands.  You could buy it for $7 twice in the last 10 years.  This kind of cyclicality can lead you to doom.

precious metals

This is Canada’s remaining really great mining company.  It is very well managed.  It has been run by the same management for many years.  It has Zinc, Copper, and oil sands.  You could buy it for $7 twice in the last 10 years.  This kind of cyclicality can lead you to doom.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$30.110
Owned Owned
Unknown

COMMENT

A well-managed company with a good balance sheet. They recently announced a special dividend and buying back shares. Like other resource companies, they are dependent on the price, in this case coal.

precious metals

A well-managed company with a good balance sheet. They recently announced a special dividend and buying back shares. Like other resource companies, they are dependent on the price, in this case coal.

precious metals
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$29.140
Owned Owned
No

COMMENT

Thinks this is going to go much higher. It’s gone from around $20 to $30 and has a lot more to go. The chart shows a slight downtrend from the beginning of the year. If that can be broken, that is pretty positive. It has had a basing pattern, a kind of a modified head and shoulders. If it gets above $32, he could see a nice move to $40. $26 on the downside would be a great chance to pick it up, but don’t wait.

precious metals

Thinks this is going to go much higher. It’s gone from around $20 to $30 and has a lot more to go. The chart shows a slight downtrend from the beginning of the year. If that can be broken, that is pretty positive. It has had a basing pattern, a kind of a modified head and shoulders. If it gets above $32, he could see a nice move to $40. $26 on the downside would be a great chance to pick it up, but don’t wait.

precious metals
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.860
Owned Owned
Unknown

DON'T BUY

Life is as good as it is going to get for metallurgical coal producers, trading at about $200 a ton. Restart of mines is going on around the world and in North America. Looks cheap, but given the cyclicality of the business, it is pricing in maximum earnings.

precious metals

Life is as good as it is going to get for metallurgical coal producers, trading at about $200 a ton. Restart of mines is going on around the world and in North America. Looks cheap, but given the cyclicality of the business, it is pricing in maximum earnings.

precious metals
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$29.640
Owned Owned
No

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