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Teck Resources Ltd. (B) (TECK.B-T)
TSE:TECK.B
48.00
0.03
(0.06%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$48.000
No
Does not own shares in the company.
Lots of people wondering why company splitting out assets.
Highly cyclical company that looks for commodities.
Better to invest at bottom of market.
We reiterate this Canadian based copper producer TECK.B as a TOP PICK. The global economic recovery and trend towards decarbonization will require massive inventories of copper -- and the world is short this commodity. The company trades at 9x earnings and 1.2x book -- a good re-entry point here. Recently reported earnings showed a 36% increase in revenue and 31% in earnings. We like that cash reserves are growing while debt is retired and shares are bought back. We continue to recommend a stop at $46, looking to achieve $66 - upside potential over 22%. Yield 0.8%
(Analysts’ price target is $65.67)He doesn't know where it's going to go. Best Canadian play in the base metals sector. Collapsing the dual-class share structure will, generally, be helpful to the company. The cycle will run longer than people think. Inflation will fuel commodities' sustainable run to the upside.
Has spun out its coal operator, drawing accusations of greenwashing. Had surged 309% over 3 years. Copper and zinc which Teck produces which will important in the green revolution. Is an M&A target. Has big exposure in Chile, a plus.
It will become more of a pure play metals company and with more copper production will benefit from the shift to EV's. Buy either A or B - it is simplifying its share structure. It is outperforming the sector and the materials market itself should outperform.
Teck Resources Ltd. (B)(TECK.B-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 13
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 21
Teck Resources Ltd. (B)(TECK.B-T) Frequently Asked Questions
What is Teck Resources Ltd. (B) stock symbol?
Teck Resources Ltd. (B) is a Canadian stock, trading under the symbol TECK.B-T on the Toronto Stock Exchange (TECK.B-CT). It is usually referred to as TSX:TECK.B or TECK.B-T
Is Teck Resources Ltd. (B) a buy or a sell?
In the last year, 21 stock analysts published opinions about TECK.B-T. 13 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Teck Resources Ltd. (B).
Is Teck Resources Ltd. (B) a good investment or a top pick?
Teck Resources Ltd. (B) was recommended as a Top Pick by on . Read the latest stock experts ratings for Teck Resources Ltd. (B).
Why is Teck Resources Ltd. (B) stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Teck Resources Ltd. (B) worth watching?
21 stock analysts on Stockchase covered Teck Resources Ltd. (B) In the last year. It is a trending stock that is worth watching.
What is Teck Resources Ltd. (B) stock price?
On 2023-03-29, Teck Resources Ltd. (B) (TECK.B-T) stock closed at a price of $48.
On his watchlist, part of his bull market game plan. Macro risks could still pull shares lower. There are few names that are more cyclical than copper. With the coal spinoff, TECK will be unencumbered by that legacy asset. The "new" TECK will be more focused on nickel, copper, and other metals. EVs provide growth prospects. Cleaner balance sheet than before.