Teck Resources Ltd. (B) (TECK.B-T) Stock Predictions - Stockchase
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Teck Resources Ltd. (B) (TECK.B-T)

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Teck Resources Ltd. (B) Teck Resources Ltd. (B)
TECK.B-T

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Teck Resources Ltd. (B) (TECK.B-T) SAVE

29.51

0.43 (1.48%)

Aug, 17, 2018, 12:00 am

OPINIONS

About Teck Resources Ltd. (B) (TECK.B-T)

Teck Resources Limited known as Teck Cominco until late 2008, is a Canadian metals and mining company. Canada's largest diversified resources company, it was formed from the amalgamation of Teck and Cominco in 2001. More at Wikipedia

What the experts are saying about TECK.B-T



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Signal Opinion Expert
DON'T BUY

This is the best mining company in Canada to be in because most of its assets are in North America. This provides relative political stability. The problem is that commodity prices are not currently doing well, and investors should only want to own miners when their commodities are going up or stable, or when the prices are in the pits and people are giving the stocks away.

precious metals

This is the best mining company in Canada to be in because most of its assets are in North America. This provides relative political stability. The problem is that commodity prices are not currently doing well, and investors should only want to own miners when their commodities are going up or stable, or when the prices are in the pits and people are giving the stocks away.

precious metals
Norman Levine

Managing D, Portfolio Management...

Price Price
$31.180
Owned Owned
No

WATCH

Solid company. An entry point is below $2.50. This will be really good to buy when copper bottoms. Copper has been pulling back. Don't buy now, but watch it.

precious metals

Solid company. An entry point is below $2.50. This will be really good to buy when copper bottoms. Copper has been pulling back. Don't buy now, but watch it.

precious metals
Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$31.180
Owned Owned
No

BUY on WEAKNESS

Mining companies are difficult.  There is going to be high demand for it.  If he was looking at a mining company this is the one he would look at.

precious metals

Mining companies are difficult.  There is going to be high demand for it.  If he was looking at a mining company this is the one he would look at.

precious metals
Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$32.520
Owned Owned
No

HOLD

He put it in his model portfolio this year.  He thought it would get through $38 and make it to $64.  The fair market value is huge.  Unfortunately resource stocks tend to be cheapest at market tops.  It has a nice balance sheet and he thinks the value is there.

precious metals

He put it in his model portfolio this year.  He thought it would get through $38 and make it to $64.  The fair market value is huge.  Unfortunately resource stocks tend to be cheapest at market tops.  It has a nice balance sheet and he thinks the value is there.

precious metals
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$33.010
Owned Owned
Yes

HOLD

There has been a tail wind in the commodity sector as of late.  They have done a great job to deleverage their business.  As China slows down this could cause some issues.  It is fairly valued here.

precious metals

There has been a tail wind in the commodity sector as of late.  They have done a great job to deleverage their business.  As China slows down this could cause some issues.  It is fairly valued here.

precious metals
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$33.820
Owned Owned
No

DON'T BUY

He owns mining companies only once a decade because he cannot forecast the price of resources.  Also, miners tend to start to invest with cash flow whenever the commodity price goes up so when it goes down again they get saddled with it.

precious metals

He owns mining companies only once a decade because he cannot forecast the price of resources.  Also, miners tend to start to invest with cash flow whenever the commodity price goes up so when it goes down again they get saddled with it.

precious metals
Tim Regan

Managing D, Kingwest & Company...

Price Price
$32.080
Owned Owned
No

HOLD

The sector has been consolidating, but the basic materials should participate in the next move higher.  They have a great collection of assets to participate in the next move up.  He would first like to see a move higher before jumping in, particularly in the base metal prices.  

precious metals

The sector has been consolidating, but the basic materials should participate in the next move higher.  They have a great collection of assets to participate in the next move up.  He would first like to see a move higher before jumping in, particularly in the base metal prices.  

precious metals
David Burrows

President , Barometer Capital Ma...

Price Price
$32.960
Owned Owned
No

COMMENT

He believes in a future commodoties play and feels this stock will return to old highs. This is a trade, not a hold, because the sector is so cyclical.

precious metals

He believes in a future commodoties play and feels this stock will return to old highs. This is a trade, not a hold, because the sector is so cyclical.

precious metals
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$32.960
Owned Owned
No

COMMENT

You have to wait a while like 3-5 years to see how trade patterns will shake out. This is being--and will be--impacted by tariffs and trade wars. Commodities in general are entering a volatile period. Long-term, Teck is a good company
and has improved over the years. They're well-diversified across copper and coal.

precious metals

You have to wait a while like 3-5 years to see how trade patterns will shake out. This is being--and will be--impacted by tariffs and trade wars. Commodities in general are entering a volatile period. Long-term, Teck is a good company
and has improved over the years. They're well-diversified across copper and coal.

precious metals
Michael Sprung

President, Sprung Investment Ma...

Price Price
$31.970
Owned Owned
Unknown

SPECULATIVE BUY

Base metals could benefit from any trade war positive news and could see a $7-$8 move quickly, which would test resistance near $39.  Seasonality is working against the base metals at the moment until October.  He likes this as a good long term risk-reward, but it could potentially re-test the $22 range.  

precious metals

Base metals could benefit from any trade war positive news and could see a $7-$8 move quickly, which would test resistance near $39.  Seasonality is working against the base metals at the moment until October.  He likes this as a good long term risk-reward, but it could potentially re-test the $22 range.  

precious metals
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$32.450
Owned Owned
Yes

DON'T BUY

Is the metal run over? Full-scale tariff war will make the world economy and the metals suffer. Don’t want to be in metals if there’s a recession in 2019. Has a big coal component, which world is moving away from. Reasonably priced, but not a lot of upside. (Analysts’ price target is $42.24.)

precious metals

Is the metal run over? Full-scale tariff war will make the world economy and the metals suffer. Don’t want to be in metals if there’s a recession in 2019. Has a big coal component, which world is moving away from. Reasonably priced, but not a lot of upside. (Analysts’ price target is $42.24.)

precious metals
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$33.450
Owned Owned
Unknown

TOP PICK

It is a contrarian value play.  They took on a lot of debt and made too many acquisitions last cycle but now they are not and it does not look that bad.  This is a cash machine and they will return cash to shareholders.  He thinks there will be a special dividend at some point.  (Analysts’ target: $42.06).

precious metals

It is a contrarian value play.  They took on a lot of debt and made too many acquisitions last cycle but now they are not and it does not look that bad.  This is a cash machine and they will return cash to shareholders.  He thinks there will be a special dividend at some point.  (Analysts’ target: $42.06).

precious metals
Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$32.530
Owned Owned
Yes

DON'T BUY

He has owned this twice and they have traded it poorly both times, he says. It is a great resource company when the underlying commodity prices are doing well. Unfortunately copper is now at a 9 month low and coal could be being impacted by the trade concerns. Zinc is at a 52 week low, too. (Analysts’ price target is $32)

precious metals

He has owned this twice and they have traded it poorly both times, he says. It is a great resource company when the underlying commodity prices are doing well. Unfortunately copper is now at a 9 month low and coal could be being impacted by the trade concerns. Zinc is at a 52 week low, too. (Analysts’ price target is $32)

precious metals
Norman Levine

Managing D, Portfolio Management...

Price Price
$32.500
Owned Owned
No

DON'T BUY

They generate a lot of excess cash. Coal has traded in the 250 + range for a period of time. These guys produce 24 million tons a year. That was a bonus. Copper price has been sloppy lately. Global growth is slowing. That is putting a pall on the base metals in general. Balance sheet is strong. He wouldn’t be putting money here now. 

precious metals

They generate a lot of excess cash. Coal has traded in the 250 + range for a period of time. These guys produce 24 million tons a year. That was a bonus. Copper price has been sloppy lately. Global growth is slowing. That is putting a pall on the base metals in general. Balance sheet is strong. He wouldn’t be putting money here now. 

precious metals
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$32.700
Owned Owned
No

COMMENT

The problem lies with China. He doesn’t know what is going on with China. The market is pricing the risk of a recession next month. If that doesn’t happen, the stock will fly.

precious metals

The problem lies with China. He doesn’t know what is going on with China. The market is pricing the risk of a recession next month. If that doesn’t happen, the stock will fly.

precious metals
Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$33.190
Owned Owned
No

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