Teck Resources Ltd. (B) | StockChase
1449
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $28.2700 on 2017-11-20

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals

Teck Resources Ltd. (B)


Signal Opinion Expert

2017-11-16

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

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 Newsletter

Price: $27.060
Owned: Unknown

2017-11-13

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

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 Group

Price: $27.800
Owned: No

2017-11-09

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

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

Price: $27.180
Owned: Unknown

2017-11-06

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

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

Price: $27.340
Owned: Unknown

2017-10-26

DON'T BUY
Teck Resources Ltd. (B) (TECK.B-T)

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 Ltd.

Price: $26.810
Owned: No

2017-10-25

DON'T BUY
Teck Resources Ltd. (B) (TECK.B-T)

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 Management

Price: $29.280
Owned: No

2017-10-20

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

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 Management

Price: $28.680
Owned: Unknown

2017-10-18

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

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 Council

Price: $27.610
Owned: No

2017-10-17

DON'T BUY
Teck Resources Ltd. (B) (TECK.B-T)

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.

Price: $28.160
Owned: No

2017-10-17

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

Your senior of the somewhat reduced metal space. It has its good mines, and is somewhat exposed to the oil sands, which worries him a little. Has a great history of going up and down, but basically it is a big copper producer. Copper is looking pretty strong.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $28.160
Owned: Unknown

2017-10-05

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

Zinc is unloved and nobody talks about mining, it’s all Google and Facebook. At some point these things will sell off and the money is going to go into unloved and forgotten spaces. This is trading at 7X earnings and 90% of BV. They are buying back stock. Generating a lot of free cash flow.

precious metals
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $28.910
Owned: Yes

2017-10-05

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

The stock has been doing quite nicely and has a nice FMV, potentially huge upside based on the earnings forecast. However, at the top, mining companies always have massive earnings and massive FMV’s. The market doesn’t pay for them. Thinks it has decent potential to about $34.

precious metals
Ross Healy

Chairman, Strategic Analysis Corp

Price: $28.910
Owned: Unknown

2017-10-02

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

It has a period of seasonal strength from the second week in January until May of each year.  This last year it did not work so well.  It is in a trading range with the trend to the downside.  Wait until we get closer to the second week of January.

precious metals
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $27.100
Owned: Unknown

2017-09-26

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

Looking at the commodity spectrum, this one comes right to the top of the list, because of the 3 stools, metallurgical coal, zinc and copper. Met coal tanked 2-3 years ago and had a remarkable recovery at over $300 a ton. Collapsed to $150 a ton, and is now trading at around $200 with a bias to probably going lower. That kind of spooked the street. What was forgotten is that this is probably the largest zinc producer, and is trading at multiyear highs. Inventory of zinc globally is about 11 days. Where zinc is a play today, copper should be the play 2-3 years from now. The price is pretty attractive. He would be looking to Buy more than to Sell today.

precious metals
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment Management

Price: $26.070
Owned: Yes

2017-09-22

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

Look for very strong 3rd quarter results. The estimate is around $1.20 versus about $0.20 last year, and that is going to be a positive factor. Technicals are a bit mixed, where the stock is trying to form a triangle. If it moves above the triangle, that would be positive. On a momentum basis and relative strength basis, it is kind of neutral. Historically this has done very well from approximately January through until May of each year.

precious metals
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $27.100
Owned: Unknown

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