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.B-T

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Teck Resources Ltd. (B) (TECK.B-T) SAVE Dec, 15, 2018, 4:18 am

29.76 0.48 (1.59%)

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
Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out.
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Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$29.320
Owned Owned
No

DON'T BUY
It's exposed to cyclical, industrial commodities. TECK produces metallurgical coal, steel and copper. They also have a stake in the Ft. Hills Oil Sands project. All these are tied to industrial production. World demand for these commodities could decrease in 2019. Given TECK's operating leverage, a 1-2% move in commodity prices could hurt their earnings 5-10%.
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It's exposed to cyclical, industrial commodities. TECK produces metallurgical coal, steel and copper. They also have a stake in the Ft. Hills Oil Sands project. All these are tied to industrial production. World demand for these commodities could decrease in 2019. Given TECK's operating leverage, a 1-2% move in commodity prices could hurt their earnings 5-10%.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$28.780
Owned Owned
Unknown

DON'T BUY
Volatile. You gotta be brave to invest in this. It's 100% dependent on commodity prices. He doesn't like that. He owns no minerals.
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Volatile. You gotta be brave to invest in this. It's 100% dependent on commodity prices. He doesn't like that. He owns no minerals.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$25.790
Owned Owned
No

WAIT
This is a tough case. He likes the company and the results have been good. It looks quite cheap. The underlying commodities, zinc and copper, are just so low. He would be more comfortable if there was firming in the commodity pricing.
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This is a tough case. He likes the company and the results have been good. It looks quite cheap. The underlying commodities, zinc and copper, are just so low. He would be more comfortable if there was firming in the commodity pricing.
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Matt Kacur

President, FSA Financial Scienc...

Price Price
$26.630
Owned Owned
No

TOP PICK
Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04)
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Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$27.290
Owned Owned
Yes

TOP PICK
He hasn't been in materials for a long time, so this holding is new for him. TECK is in coal which is stable because they sell it to the Japanese who are long-term buyers. TECK is also in copper and the Oil Sands. Prices will be okay for oil. They've added a lot debt to the balance sheet, but he bought it because they're paying it off and can manage it. The materials cycle will start again; he's confident the tariff situation will resolve itself soon. It's had a big pullback. but boasts a clean balance sheet while earnings will grow. Emerging markets will turn around. (Analysts’ price target is $40.17)
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He hasn't been in materials for a long time, so this holding is new for him. TECK is in coal which is stable because they sell it to the Japanese who are long-term buyers. TECK is also in copper and the Oil Sands. Prices will be okay for oil. They've added a lot debt to the balance sheet, but he bought it because they're paying it off and can manage it. The materials cycle will start again; he's confident the tariff situation will resolve itself soon. It's had a big pullback. but boasts a clean balance sheet while earnings will grow. Emerging markets will turn around. (Analysts’ price target is $40.17)
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$27.610
Owned Owned
Yes

BUY
He sold it, and did well with it. Very well-run. But he's afraid of the outlook of many materials though. If materials sell-off, he'll buy this. Quality people and deposits.
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He sold it, and did well with it. Very well-run. But he's afraid of the outlook of many materials though. If materials sell-off, he'll buy this. Quality people and deposits.
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$27.610
Owned Owned
No

COMMENT
They are integrated in the core part of global growth. The global growth story is slowing down. Growth over the last decade has been all fueled by debt. It does not mean we may not get a cyclical trade as China steps on the gas. Maybe you can get a trading rally. Analysts are 80% positive. (Analysts’ price target is $40.17)
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They are integrated in the core part of global growth. The global growth story is slowing down. Growth over the last decade has been all fueled by debt. It does not mean we may not get a cyclical trade as China steps on the gas. Maybe you can get a trading rally. Analysts are 80% positive. (Analysts’ price target is $40.17)
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$27.740
Owned Owned
No

WATCH
It is one of the higher quality names in the copper space. There will be choppiness ahead in the short term until we find the low and then it is positioned well to move higher.
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It is one of the higher quality names in the copper space. There will be choppiness ahead in the short term until we find the low and then it is positioned well to move higher.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$27.940
Owned Owned
Yes

WAIT

Nov. 26 is when you want to enter that sector.  He would wait because it is in a downward trend.  It has negative momentum.

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Nov. 26 is when you want to enter that sector.  He would wait because it is in a downward trend.  It has negative momentum.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$24.830
Owned Owned
Unknown

WAIT

This name is quite volatile.  Would prefer to buy it when it is back on the upswing.  This is probably the only mining name he would own in Canada.  It is well run with a diverse asset base.  It is probably oversold at current levels.  He likes the company and the space.

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This name is quite volatile.  Would prefer to buy it when it is back on the upswing.  This is probably the only mining name he would own in Canada.  It is well run with a diverse asset base.  It is probably oversold at current levels.  He likes the company and the space.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$24.830
Owned Owned
No

DON'T BUY

It's late cycle for TECK and related minerals  companies. He owns very little in this space because he doesn't see upside. TECK itself is a good company.

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It's late cycle for TECK and related minerals  companies. He owns very little in this space because he doesn't see upside. TECK itself is a good company.

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Michael Decter

President , Lawrence Decter Inve...

Price Price
$31.490
Owned Owned
No

BUY

A declining US dollar would be good for copper.  This would be the safest place to make an entry into base metals.  This is a good spot to be.

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A declining US dollar would be good for copper.  This would be the safest place to make an entry into base metals.  This is a good spot to be.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$30.720
Owned Owned
Yes

WATCH

He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.  

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He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.  

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$31.100
Owned Owned
No

WEAK BUY

He thinks now is a good time to get half your position in.  Most material stocks have not acted well this year.  Late cycle in the bull trend, he thinks commodities will get another year or two of potential upside.  He is watching this one right now.  

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He thinks now is a good time to get half your position in.  Most material stocks have not acted well this year.  Late cycle in the bull trend, he thinks commodities will get another year or two of potential upside.  He is watching this one right now.  

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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$31.280
Owned Owned
No

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