Teck Resources Ltd. (B) | StockChase
1455
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $29.8600 on 2017-12-14

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals
1455
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $29.8600 on 2017-12-14

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals

Teck Resources Ltd. (B)


Signal Opinion Expert
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

COMMENT

Chart shows a very good base formation coming up from the beginning of 2016, but if the stock wants to go higher, we should not be hanging around below $30. The fact that this failed to get higher, means this will just continue to go sideways, maybe even trade a little lower.

precious metals

Chart shows a very good base formation coming up from the beginning of 2016, but if the stock wants to go higher, we should not be hanging around below $30. The fact that this failed to get higher, means this will just continue to go sideways, maybe even trade a little lower.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$29.520
Owned Owned
Unknown

WEAK BUY

Zinc prices have done well in the last couple of months.  It is a commodity to watch.  He owns a smaller operator in the north.  ZINC-T (Pinepoint mining) is his preferred way to play it.

precious metals

Zinc prices have done well in the last couple of months.  It is a commodity to watch.  He owns a smaller operator in the north.  ZINC-T (Pinepoint mining) is his preferred way to play it.

precious metals
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$27.060
Owned Owned
Unknown

COMMENT

The biggest Canadian mining company and is pretty easy to analyse. 50% coking coal is exported mainly to Japan and Korea to the higher end steel mills. 25% is zinc, which is doing very, very well. The remaining part is copper, the metal of the electronic age. He’s heard that if we go to electric cars, we need to double world copper production. Positioned reasonably well, but he isn’t excited about commodities in this environment. Not a stock you buy and put away, it’s a stock you trade. 

precious metals

The biggest Canadian mining company and is pretty easy to analyse. 50% coking coal is exported mainly to Japan and Korea to the higher end steel mills. 25% is zinc, which is doing very, very well. The remaining part is copper, the metal of the electronic age. He’s heard that if we go to electric cars, we need to double world copper production. Positioned reasonably well, but he isn’t excited about commodities in this environment. Not a stock you buy and put away, it’s a stock you trade. 

precious metals
Bruce Murray

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

PricePrice
$27.800
Owned Owned
No

COMMENT

Firing on all cylinders. Coal prices up and they are doing well in coal, zinc and copper. They’ve managed the debt. Cash going through the company has surprised all the analysts, and he suspects the company itself.

precious metals

Firing on all cylinders. Coal prices up and they are doing well in coal, zinc and copper. They’ve managed the debt. Cash going through the company has surprised all the analysts, and he suspects the company itself.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$27.180
Owned Owned
Unknown

COMMENT

This got a bonus when metallurgical coal prices in early 2016 popped to almost $300 a ton from $100 a ton. All their debt problems basically disappeared. They've managed to pay down some debt, and could probably boost the dividend now. There are a lot of positives, which is why the stock basically went from $3 to $35. Metallurgical coal is now heading south again. They still have copper operations and have Fort Hills starting up in oil to help support it. Doesn't see a lot of upside, but is not Short any more. The dividend should grow. You might be better with pure copper names than going with this one.

precious metals

This got a bonus when metallurgical coal prices in early 2016 popped to almost $300 a ton from $100 a ton. All their debt problems basically disappeared. They've managed to pay down some debt, and could probably boost the dividend now. There are a lot of positives, which is why the stock basically went from $3 to $35. Metallurgical coal is now heading south again. They still have copper operations and have Fort Hills starting up in oil to help support it. Doesn't see a lot of upside, but is not Short any more. The dividend should grow. You might be better with pure copper names than going with this one.

precious metals
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$27.340
Owned Owned
Unknown

DON'T BUY

Guidance on coal sales is weak.  They did a great job of de-levering the balance sheet and reducing costs.  Today’s slide is based on coal pricing.  It is a pretty well run business but he does not like the inherent volatility in commodity prices.

precious metals

Guidance on coal sales is weak.  They did a great job of de-levering the balance sheet and reducing costs.  Today’s slide is based on coal pricing.  It is a pretty well run business but he does not like the inherent volatility in commodity prices.

precious metals
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$26.810
Owned Owned
No

DON'T BUY

They have done very well in the last year or two. They used to be really a Zinc / Copper company but now they are more dependent on Coal which he doesn’t like. In terms of P/E it doesn’t look bad, but you have to think that the time to buy these resources stocks is often when the P/E is very high hoping for a cyclical recovery, and sell when the P/E is getting low. If he wanted exposure to metals he would be looking at other companies. Activity coming from China has been moving prices up recently but he doesn’t see this as being a continuing trend. China usually builds large inventories then lets prices drop and come in again at lower prices. Sold their holdings some months ago.

precious metals

They have done very well in the last year or two. They used to be really a Zinc / Copper company but now they are more dependent on Coal which he doesn’t like. In terms of P/E it doesn’t look bad, but you have to think that the time to buy these resources stocks is often when the P/E is very high hoping for a cyclical recovery, and sell when the P/E is getting low. If he wanted exposure to metals he would be looking at other companies. Activity coming from China has been moving prices up recently but he doesn’t see this as being a continuing trend. China usually builds large inventories then lets prices drop and come in again at lower prices. Sold their holdings some months ago.

precious metals
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$29.280
Owned Owned
No

COMMENT

Chart shows a very nice recovery in 2016, but now it is showing lower highs and lower lows. Going forward, he expects we’ll have periods of weakness going back to about $10 levels. You can’t talk commodities without talking about China. China is just going through a big party Congress. Historically, they dress up before the Congress, but after that they might go back to deleveraging. China is very highly leveraged. Doesn’t expect any hard landing, but just slower growth. Expects there may be some weakness at hand, but is looking at support of around $20.

precious metals

Chart shows a very nice recovery in 2016, but now it is showing lower highs and lower lows. Going forward, he expects we’ll have periods of weakness going back to about $10 levels. You can’t talk commodities without talking about China. China is just going through a big party Congress. Historically, they dress up before the Congress, but after that they might go back to deleveraging. China is very highly leveraged. Doesn’t expect any hard landing, but just slower growth. Expects there may be some weakness at hand, but is looking at support of around $20.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$28.680
Owned Owned
Unknown

COMMENT

Canada’s largest miner of base metals and bulk commodities like coal, zinc and copper.  It has lagged some of the more pure plays on base metals.  He would prefer LUN-T.  He is indifferent on this one.

precious metals

Canada’s largest miner of base metals and bulk commodities like coal, zinc and copper.  It has lagged some of the more pure plays on base metals.  He would prefer LUN-T.  He is indifferent on this one.

precious metals
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$27.610
Owned Owned
No

DON'T BUY

This one is tough. (Sold his position.) He can’t say it is a strong Buy or that it is a strong Sell. His model price of $69.73 is 140% above the current price, but what is happening is that the model price is decreasing over time because earnings estimates have been grinding lower. If it went to $34.50, he would hit the Sell button. If it got down to $20, he would be a buyer.

precious metals

This one is tough. (Sold his position.) He can’t say it is a strong Buy or that it is a strong Sell. His model price of $69.73 is 140% above the current price, but what is happening is that the model price is decreasing over time because earnings estimates have been grinding lower. If it went to $34.50, he would hit the Sell button. If it got down to $20, he would be a buyer.

precious metals
Brian Acker, CA

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

PricePrice
$28.160
Owned Owned
No

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