Teck Resources Ltd. (B)
TECK.B-T
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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.
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PAST TOP PICK
PAST TOP PICK
June 7, 2019
(A Top Pick Mar 22/19, Down 6%) One of the best mining stocks. It fell to $24 in October, and recently returned to February lows around $27. The lows are higher, which is reassuring. The deep cyclical stocks aren't moving these days. If it falls below $28, then it will likely return to $26. TECK really ramped up in April during the China-US trade talks, so until there's clarity on those talks, TECK won't go anywhere.
(A Top Pick Mar 22/19, Down 6%) One of the best mining stocks. It fell to $24 in October, and recently returned to February lows around $27. The lows are higher, which is reassuring. The deep cyclical stocks aren't moving these days. If it falls below $28, then it will likely return to $26. TECK really ramped up in April during the China-US trade talks, so until there's clarity on those talks, TECK won't go anywhere.
precious metals
TOP PICK
TOP PICK
May 15, 2019
Generates $4 billion in cash flow and just received an investment grade credit rating. It will survive a financial Armageddon. Their latest copper mine project will time the rise in copper prices perfectly he feels. Yield 0.71% (Analysts’ price target is $39.84)
Generates $4 billion in cash flow and just received an investment grade credit rating. It will survive a financial Armageddon. Their latest copper mine project will time the rise in copper prices perfectly he feels. Yield 0.71% (Analysts’ price target is $39.84)
precious metals
PAST TOP PICK
PAST TOP PICK
May 15, 2019
(A Top Pick Apr 09/19, Down 12%) His copper play. The longer-term chart looks good. Cyclical commodities should do well this year. He will re-evaluate this stock in June. All copper names have been slammed during this trade war; copper is a big proxy for China.
(A Top Pick Apr 09/19, Down 12%) His copper play. The longer-term chart looks good. Cyclical commodities should do well this year. He will re-evaluate this stock in June. All copper names have been slammed during this trade war; copper is a big proxy for China.
precious metals
HOLD
HOLD
May 10, 2019
China issues? A cyclical stock for sure, so its tough to buy and hold. The balance sheet has been right sized as the debt has been reduced. They are cheap based on earnings. If you believe China trade issues will be resolved, you should continue to hold. (Analysts’ price target is $39.84)
China issues? A cyclical stock for sure, so its tough to buy and hold. The balance sheet has been right sized as the debt has been reduced. They are cheap based on earnings. If you believe China trade issues will be resolved, you should continue to hold. (Analysts’ price target is $39.84)
precious metals
PARTIAL SELL
PARTIAL SELL
May 10, 2019
Cyclical. Want to take profits. Optimal time is November - February. Between now and November, tends to trade negatively. Recently, materials production fell off. Inventories will have to be alleviated, so demand for materials is lower. Longer term, if it trades below $24, he doesn't want to be there.
Cyclical. Want to take profits. Optimal time is November - February. Between now and November, tends to trade negatively. Recently, materials production fell off. Inventories will have to be alleviated, so demand for materials is lower. Longer term, if it trades below $24, he doesn't want to be there.
precious metals
SELL STRENGTH
SELL STRENGTH
May 9, 2019
It has really consolidated. We are above the support level but not doing very much. It has a lot to do with China trade negotiations. Look to exit.
It has really consolidated. We are above the support level but not doing very much. It has a lot to do with China trade negotiations. Look to exit.
precious metals
BUY WEAKNESS
BUY WEAKNESS
May 6, 2019
He would buy it on dips. It is one of the few commodity stocks he owns right now. The results have been steady. They can capitalize on the turnaround after a trade deal. Buy it below $30.
He would buy it on dips. It is one of the few commodity stocks he owns right now. The results have been steady. They can capitalize on the turnaround after a trade deal. Buy it below $30.
precious metals
BUY
BUY
May 6, 2019
Good trend since fall 2018. They have a superb balance sheet with the US dollar as a tailwind. Now is a period of strength for TECK though it dips in mid-May--we may be seeing that dip now. Around $30 this is a buy with good support.
Good trend since fall 2018. They have a superb balance sheet with the US dollar as a tailwind. Now is a period of strength for TECK though it dips in mid-May--we may be seeing that dip now. Around $30 this is a buy with good support.
precious metals
DON'T BUY
DON'T BUY
May 2, 2019
Resource stocks generally don’t meet his criteria. They are not price makers but price takers. He does not follow them. There are better opportunities elsewhere.
Resource stocks generally don’t meet his criteria. They are not price makers but price takers. He does not follow them. There are better opportunities elsewhere.
precious metals
DON'T BUY
DON'T BUY
April 24, 2019
It is trying to get less dependent on the Canadian situation by diversifying around the world. It is a little bit of a barometer of this commodity reflation story. A little reluctant to have a position on this. A coal oriented name.
It is trying to get less dependent on the Canadian situation by diversifying around the world. It is a little bit of a barometer of this commodity reflation story. A little reluctant to have a position on this. A coal oriented name.
precious metals
DON'T BUY
DON'T BUY
April 23, 2019
Way too pricey for him. Now, you can buy only stocks that are way, way cheap, because the market has gone up so much.
Way too pricey for him. Now, you can buy only stocks that are way, way cheap, because the market has gone up so much.
precious metals
BUY
BUY
April 16, 2019
Likes it, because it's a premier base metals company. He's owned it in the past. It's formed a nice base. His target is $39. They produce zinc; zinc prices are rising around the world.
Likes it, because it's a premier base metals company. He's owned it in the past. It's formed a nice base. His target is $39. They produce zinc; zinc prices are rising around the world.
precious metals
PAST TOP PICK
PAST TOP PICK
April 15, 2019
(A Top Pick Dec 18/18, Up 14%) It has one of the best balance sheets out there compared to other base metal stocks. Tech bottomed much before the general market bottomed. It is still pretty volatile, but because of the balance sheet and how it is positioned, it does not look like most other base metals. This is a good one to buy today if you don’t have base metals.
(A Top Pick Dec 18/18, Up 14%) It has one of the best balance sheets out there compared to other base metal stocks. Tech bottomed much before the general market bottomed. It is still pretty volatile, but because of the balance sheet and how it is positioned, it does not look like most other base metals. This is a good one to buy today if you don’t have base metals.
precious metals
DON'T BUY
DON'T BUY
April 10, 2019
Late in the cycle, mining stocks need places like China to pick up demand. She isn't in this sector. Doesn't expect global demand for minerals to pick up that strongly.
Late in the cycle, mining stocks need places like China to pick up demand. She isn't in this sector. Doesn't expect global demand for minerals to pick up that strongly.
precious metals
TOP PICK
TOP PICK
April 9, 2019
Copper should rally to $3.20 with China as a tailwind (currently $2.93). For TECK.B, $33.60 is the next level to hit, then it can hit $37-39. Could be a two-month trade to early-summer. (Analysts’ price target is $38.45)
Copper should rally to $3.20 with China as a tailwind (currently $2.93). For TECK.B, $33.60 is the next level to hit, then it can hit $37-39. Could be a two-month trade to early-summer. (Analysts’ price target is $38.45)
precious metals
BUY
BUY
April 4, 2019
Looking macro, technical indicators have all improved. We've seen higher trading in China. The city economic surprise index is about as low as we have ever seen it. Technically it is about to turn. He owns some of their competitors. You'll need a good stop loss on this one. (Analysts’ price target is $38.00)
Looking macro, technical indicators have all improved. We've seen higher trading in China. The city economic surprise index is about as low as we have ever seen it. Technically it is about to turn. He owns some of their competitors. You'll need a good stop loss on this one. (Analysts’ price target is $38.00)
precious metals
Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
$31.670
No
COMMENT
COMMENT
March 27, 2019
A good time to enter it--it's down now. It's a diversified miner and a play on global economic growth. But its price isn't higher than 10 years ago. Pays a decent yield. This depends on your projection on global growth.
A good time to enter it--it's down now. It's a diversified miner and a play on global economic growth. But its price isn't higher than 10 years ago. Pays a decent yield. This depends on your projection on global growth.
precious metals
TOP PICK
TOP PICK
March 22, 2019
Improved credit rating could impact the stock short-term. Still making coal, copper, zinc. Chopping around in a range for 2 years. What's exciting is the good short-term technical profile, good risk/reward, and the numbers. Expect lots of free cash flow for next couple of years. Downside protection is around $28. If it gets to $32, it can shoot to $38 quickly. If it gets through $38, then next place is $50. US actions and trade have a lot to do with it. Yield is 0.66%. (Analysts’ price target is $38.10)
Improved credit rating could impact the stock short-term. Still making coal, copper, zinc. Chopping around in a range for 2 years. What's exciting is the good short-term technical profile, good risk/reward, and the numbers. Expect lots of free cash flow for next couple of years. Downside protection is around $28. If it gets to $32, it can shoot to $38 quickly. If it gets through $38, then next place is $50. US actions and trade have a lot to do with it. Yield is 0.66%. (Analysts’ price target is $38.10)
precious metals
DON'T BUY
DON'T BUY
February 25, 2019
We are late in the cycle, but this time it's different. Normally we see inflationary pressure and tremendous growth in various economies, but not today. You can trade, but not invest in TECK. If we are top of cycle and heading to a recession, TECK will see a significant decline. He wouldn't touch this now.
We are late in the cycle, but this time it's different. Normally we see inflationary pressure and tremendous growth in various economies, but not today. You can trade, but not invest in TECK. If we are top of cycle and heading to a recession, TECK will see a significant decline. He wouldn't touch this now.
precious metals
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$30.790
Unknown
STRONG BUY
STRONG BUY
February 21, 2019
He is keen on copper. He really, really likes this one. It is very timely here to buy. Over the last few days there was strong institutional buying. Once we test the key $32 level and get above it, it will get to $34.
He is keen on copper. He really, really likes this one. It is very timely here to buy. Over the last few days there was strong institutional buying. Once we test the key $32 level and get above it, it will get to $34.
precious metals
DON'T BUY
DON'T BUY
February 13, 2019
Earnings were a miss on today's report. The guidance is also looking weaker. Copper-zinc and natural gas production are both late in the cycle, so she is not looking to add today. Chinese growth in metals is slowing as infrastructure spending is slowing.
Earnings were a miss on today's report. The guidance is also looking weaker. Copper-zinc and natural gas production are both late in the cycle, so she is not looking to add today. Chinese growth in metals is slowing as infrastructure spending is slowing.
precious metals
DON'T BUY
DON'T BUY
February 11, 2019
It is a strong play on metallurgical coal, zinc and copper. These commodities are in weak demand at the moment. Investors like pure plays. He would not own it but if you own it there is no problem.
It is a strong play on metallurgical coal, zinc and copper. These commodities are in weak demand at the moment. Investors like pure plays. He would not own it but if you own it there is no problem.
precious metals
BUY
BUY
February 4, 2019
He loves it. $32 is where it has some resistance. If it can get through this it will get to $38 and if it gets through that it will get to $60. It had a downtrend break a while back. You can buy this one right now. (Analysts’ price target is $40.00)
He loves it. $32 is where it has some resistance. If it can get through this it will get to $38 and if it gets through that it will get to $60. It had a downtrend break a while back. You can buy this one right now. (Analysts’ price target is $40.00)
precious metals
BUY WEAKNESS
BUY WEAKNESS
February 1, 2019
They have announced some write-downs on oil sands related assets in Q4, but they have a very clean balance sheet. They do not have any massive capex projects upcoming to eat into their cash flow. He sees any further weakness as a buy opportunity.
They have announced some write-downs on oil sands related assets in Q4, but they have a very clean balance sheet. They do not have any massive capex projects upcoming to eat into their cash flow. He sees any further weakness as a buy opportunity.
precious metals
WATCH
WATCH
January 31, 2019
It is on his radar as a buy but he has not purchased it yet. A positive decision on tariffs with China should get you to $36.
It is on his radar as a buy but he has not purchased it yet. A positive decision on tariffs with China should get you to $36.
precious metals
COMMENT
COMMENT
January 30, 2019
Considering the China-US trade war So far, there hasn't been a direct impact. TECK is one of the biggest suppliers of coal to China. If China is truly slowing down and the war gets worse, yes NTR will be hit. It's a good name long term, but don't be too aggressive with this now. It comes down to how the global economy fares going forward,
Considering the China-US trade war So far, there hasn't been a direct impact. TECK is one of the biggest suppliers of coal to China. If China is truly slowing down and the war gets worse, yes NTR will be hit. It's a good name long term, but don't be too aggressive with this now. It comes down to how the global economy fares going forward,
precious metals
TOP PICK
TOP PICK
January 21, 2019
The space is good and this one has done a good job on their balance sheet. It is more of a trade than an investment. Buy it when it is down and sell it when it is up. If it got up there he would look at selling it. So much of it is managing the debt part of the equation. They have done a good job of fixing the debt problem. (Analysts’ price target is $40.46)
The space is good and this one has done a good job on their balance sheet. It is more of a trade than an investment. Buy it when it is down and sell it when it is up. If it got up there he would look at selling it. So much of it is managing the debt part of the equation. They have done a good job of fixing the debt problem. (Analysts’ price target is $40.46)
precious metals
DON'T BUY
DON'T BUY
January 18, 2019
He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00)
He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00)
precious metals
PARTIAL BUY
PARTIAL BUY
January 15, 2019
In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it.
In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it.
precious metals
TOP PICK
TOP PICK
January 10, 2019
It has the best chart of all the base metals. We are chewing though the resistance from the downtrend in November. It has an excellent balance sheet. (Analysts’ price target is $40.92)
It has the best chart of all the base metals. We are chewing though the resistance from the downtrend in November. It has an excellent balance sheet. (Analysts’ price target is $40.92)
precious metals
COMMENT
COMMENT
January 9, 2019
Hudbay vs Teck. These are two different companies. Teck being more focused on coal, copper and zinc. Hudbay is more copper and zinc. He would prefer Teck. As these do not provide any yield, he does not stay on top of these ones. He would stay on the sidelines for these given the trade issues globally. The next Presidential election will likely help define the future -- it will be uncertain until then. China will continue to be a big consumer and supply is being curtailed at these low commodity prices. The inventory situation will be improving over time, but it is still too early.
Hudbay vs Teck. These are two different companies. Teck being more focused on coal, copper and zinc. Hudbay is more copper and zinc. He would prefer Teck. As these do not provide any yield, he does not stay on top of these ones. He would stay on the sidelines for these given the trade issues globally. The next Presidential election will likely help define the future -- it will be uncertain until then. China will continue to be a big consumer and supply is being curtailed at these low commodity prices. The inventory situation will be improving over time, but it is still too early.
precious metals
DON'T BUY
DON'T BUY
January 9, 2019
Industrial commodities, which are linked to growth in EM and China, which is slowing down. So that's why copper prices are plumbing lows, and gold is lukewarm. Until global production has bottomed or is accelerating, he'd be wary of buying a deep cyclical like this one.
Industrial commodities, which are linked to growth in EM and China, which is slowing down. So that's why copper prices are plumbing lows, and gold is lukewarm. Until global production has bottomed or is accelerating, he'd be wary of buying a deep cyclical like this one.
precious metals
BUY
BUY
December 31, 2018
They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it.
They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it.
precious metals
TOP PICK
TOP PICK
December 18, 2018
Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86)
Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86)
precious metals
DON'T BUY
DON'T BUY
December 11, 2018
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.
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.
precious metals
DON'T BUY
DON'T BUY
December 4, 2018
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%.
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%.
precious metals
DON'T BUY
DON'T BUY
November 27, 2018
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.
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.
precious metals
WAIT
WAIT
November 26, 2018
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.
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.
precious metals
TOP PICK
TOP PICK
November 12, 2018
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)
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)
precious metals
TOP PICK
TOP PICK
November 6, 2018
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)
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)
precious metals
BUY
BUY
November 6, 2018
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.
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.
precious metals
COMMENT
COMMENT
November 5, 2018
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)
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)
precious metals
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$27.740
No
WATCH
WATCH
November 1, 2018
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.
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.
precious metals
WAIT
WAIT
October 25, 2018
Nov. 26 is when you want to enter that sector. He would wait because it is in a downward trend. It has negative momentum.
Nov. 26 is when you want to enter that sector. He would wait because it is in a downward trend. It has negative momentum.
precious metals
WAIT
WAIT
October 25, 2018
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.
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.
precious metals
DON'T BUY
DON'T BUY
October 16, 2018
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.
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.
precious metals
BUY
BUY
October 15, 2018
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.
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.
precious metals
WATCH
WATCH
October 5, 2018
He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.
He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.
precious metals
WEAK BUY
WEAK BUY
October 3, 2018
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.
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.
precious metals
PAST TOP PICK
PAST TOP PICK
September 19, 2018
(A Top Pick June 27/17 Up 52%) The commodity cycle has come back and the dividend is great. Still a cheap stock relative to its US peers. At some point they will buy more, if the share price drops. Copper is short and the company is making good cash flow as global demand continues to grow in India and China.
(A Top Pick June 27/17 Up 52%) The commodity cycle has come back and the dividend is great. Still a cheap stock relative to its US peers. At some point they will buy more, if the share price drops. Copper is short and the company is making good cash flow as global demand continues to grow in India and China.
precious metals
TOP PICK
TOP PICK
September 14, 2018
One of the strongest base metal names. If it gets below $28 then something bigger is happening in the world. (0.7% yield, $41.40 analysts' price target)
One of the strongest base metal names. If it gets below $28 then something bigger is happening in the world. (0.7% yield, $41.40 analysts' price target)
precious metals
DON'T BUY
DON'T BUY
September 5, 2018
Canada's go-to mining stock and a relatively stable one. It has survived a rough period of acqusition/heavy leverage/stock sell-off. Market sentiment towards mining overall remains weak (and he prefers the oil sector), so he holds little mining.
Canada's go-to mining stock and a relatively stable one. It has survived a rough period of acqusition/heavy leverage/stock sell-off. Market sentiment towards mining overall remains weak (and he prefers the oil sector), so he holds little mining.
precious metals
WATCH
WATCH
August 31, 2018
Optimal hold from November 20 to February 14. Moving averages curling over. Don’t get excited yet. Wait for a better entry point. (Analysts’ price target is around $41)
Optimal hold from November 20 to February 14. Moving averages curling over. Don’t get excited yet. Wait for a better entry point. (Analysts’ price target is around $41)
precious metals
WEAK BUY
WEAK BUY
August 27, 2018
He's between a buy and hold. The biggest headwind for commodities has been the U.S. dollar which he expects to peak soon then decline. Metallurgical coal prices are hanging in better. Teck has used the m-coal boom of the last few years to pay down their debt. Now, their balance sheet is strong and they have decent cash flow. This is one of the better stories in large-cap materials stocks.
He's between a buy and hold. The biggest headwind for commodities has been the U.S. dollar which he expects to peak soon then decline. Metallurgical coal prices are hanging in better. Teck has used the m-coal boom of the last few years to pay down their debt. Now, their balance sheet is strong and they have decent cash flow. This is one of the better stories in large-cap materials stocks.
precious metals
BUY WEAKNESS
BUY WEAKNESS
August 21, 2018
Uptrend during 2016, a pullback in 2017, then another uptrend since mid-2017, though a slight downtrend this year. It's starting to look attractive now. He would add on weakness here.
Uptrend during 2016, a pullback in 2017, then another uptrend since mid-2017, though a slight downtrend this year. It's starting to look attractive now. He would add on weakness here.
precious metals
DON'T BUY
DON'T BUY
August 14, 2018
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.
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.