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 Jan, 19, 2019, 3:46 am

30.63 0.15 (0.49%)

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
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)
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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)
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Norman Levine

Managing D, Portfolio Management...

Price Price
$30.630
Owned Owned
No

PARTIAL BUY
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.
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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.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$30.000
Owned Owned
Unknown

TOP PICK
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)
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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)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$30.180
Owned Owned
Yes

COMMENT
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.
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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.
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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$30.210
Owned Owned
No

DON'T BUY
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.
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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.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$30.210
Owned Owned
No

BUY
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.
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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.
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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$29.390
Owned Owned
Yes

TOP PICK
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)
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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)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$29.140
Owned Owned
Yes

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

PAST TOP PICK

(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. 

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(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. 

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$31.880
Owned Owned
Yes

TOP PICK

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)

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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)

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$30.560
Owned Owned
Yes

DON'T BUY

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.

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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.

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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$29.300
Owned Owned
No

WATCH

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)

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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)

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Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$29.410
Owned Owned
Unknown

WEAK BUY

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.

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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.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$30.750
Owned Owned
Unknown

BUY on WEAKNESS

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.

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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.

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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$29.490
Owned Owned
Unknown

DON'T BUY

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.

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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.

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Norman Levine

Managing D, Portfolio Management...

Price Price
$31.180
Owned Owned
No

WATCH

Solid company. This will be really good to buy when copper bottoms. Copper has been pulling back. Don't buy now, but watch it.

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Solid company. This will be really good to buy when copper bottoms. Copper has been pulling back. Don't buy now, but watch it.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$31.180
Owned Owned
No

BUY on WEAKNESS

Mining companies are difficult.  There is going to be high demand for it.  If he was looking at a mining company this is the one he would look at.

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Mining companies are difficult.  There is going to be high demand for it.  If he was looking at a mining company this is the one he would look at.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$32.520
Owned Owned
No

HOLD

He put it in his model portfolio this year.  He thought it would get through $38 and make it to $64.  The fair market value is huge.  Unfortunately resource stocks tend to be cheapest at market tops.  It has a nice balance sheet and he thinks the value is there.

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He put it in his model portfolio this year.  He thought it would get through $38 and make it to $64.  The fair market value is huge.  Unfortunately resource stocks tend to be cheapest at market tops.  It has a nice balance sheet and he thinks the value is there.

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$33.010
Owned Owned
Yes

HOLD

There has been a tail wind in the commodity sector as of late.  They have done a great job to deleverage their business.  As China slows down this could cause some issues.  It is fairly valued here.

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There has been a tail wind in the commodity sector as of late.  They have done a great job to deleverage their business.  As China slows down this could cause some issues.  It is fairly valued here.

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$33.820
Owned Owned
No

DON'T BUY

He owns mining companies only once a decade because he cannot forecast the price of resources.  Also, miners tend to start to invest with cash flow whenever the commodity price goes up so when it goes down again they get saddled with it.

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He owns mining companies only once a decade because he cannot forecast the price of resources.  Also, miners tend to start to invest with cash flow whenever the commodity price goes up so when it goes down again they get saddled with it.

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Tim Regan

Managing D, Kingwest & Company...

Price Price
$32.080
Owned Owned
No

HOLD

The sector has been consolidating, but the basic materials should participate in the next move higher.  They have a great collection of assets to participate in the next move up.  He would first like to see a move higher before jumping in, particularly in the base metal prices.  

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The sector has been consolidating, but the basic materials should participate in the next move higher.  They have a great collection of assets to participate in the next move up.  He would first like to see a move higher before jumping in, particularly in the base metal prices.  

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David Burrows

President , Barometer Capital Ma...

Price Price
$32.960
Owned Owned
No

COMMENT

He believes in a future commodoties play and feels this stock will return to old highs. This is a trade, not a hold, because the sector is so cyclical.

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He believes in a future commodoties play and feels this stock will return to old highs. This is a trade, not a hold, because the sector is so cyclical.

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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$32.960
Owned Owned
No

COMMENT

You have to wait a while like 3-5 years to see how trade patterns will shake out. This is being--and will be--impacted by tariffs and trade wars. Commodities in general are entering a volatile period. Long-term, Teck is a good company
and has improved over the years. They're well-diversified across copper and coal.

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You have to wait a while like 3-5 years to see how trade patterns will shake out. This is being--and will be--impacted by tariffs and trade wars. Commodities in general are entering a volatile period. Long-term, Teck is a good company
and has improved over the years. They're well-diversified across copper and coal.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$31.970
Owned Owned
Unknown

SPECULATIVE BUY

Base metals could benefit from any trade war positive news and could see a $7-$8 move quickly, which would test resistance near $39.  Seasonality is working against the base metals at the moment until October.  He likes this as a good long term risk-reward, but it could potentially re-test the $22 range.  

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Base metals could benefit from any trade war positive news and could see a $7-$8 move quickly, which would test resistance near $39.  Seasonality is working against the base metals at the moment until October.  He likes this as a good long term risk-reward, but it could potentially re-test the $22 range.  

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$32.450
Owned Owned
Yes

DON'T BUY

Is the metal run over? Full-scale tariff war will make the world economy and the metals suffer. Don’t want to be in metals if there’s a recession in 2019. Has a big coal component, which world is moving away from. Reasonably priced, but not a lot of upside. (Analysts’ price target is $42.24.)

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Is the metal run over? Full-scale tariff war will make the world economy and the metals suffer. Don’t want to be in metals if there’s a recession in 2019. Has a big coal component, which world is moving away from. Reasonably priced, but not a lot of upside. (Analysts’ price target is $42.24.)

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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$33.450
Owned Owned
Unknown

TOP PICK

It is a contrarian value play.  They took on a lot of debt and made too many acquisitions last cycle but now they are not and it does not look that bad.  This is a cash machine and they will return cash to shareholders.  He thinks there will be a special dividend at some point.  (Analysts’ target: $42.06).

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It is a contrarian value play.  They took on a lot of debt and made too many acquisitions last cycle but now they are not and it does not look that bad.  This is a cash machine and they will return cash to shareholders.  He thinks there will be a special dividend at some point.  (Analysts’ target: $42.06).

precious metals
0 0 0 0 0
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$32.530
Owned Owned
Yes

DON'T BUY

He has owned this twice and they have traded it poorly both times, he says. It is a great resource company when the underlying commodity prices are doing well. Unfortunately copper is now at a 9 month low and coal could be being impacted by the trade concerns. Zinc is at a 52 week low, too. (Analysts’ price target is $32)

precious metals
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He has owned this twice and they have traded it poorly both times, he says. It is a great resource company when the underlying commodity prices are doing well. Unfortunately copper is now at a 9 month low and coal could be being impacted by the trade concerns. Zinc is at a 52 week low, too. (Analysts’ price target is $32)

precious metals
0 0 0 0 0
0 comments
Norman Levine

Managing D, Portfolio Management...

Price Price
$32.500
Owned Owned
No

DON'T BUY

They generate a lot of excess cash. Coal has traded in the 250 + range for a period of time. These guys produce 24 million tons a year. That was a bonus. Copper price has been sloppy lately. Global growth is slowing. That is putting a pall on the base metals in general. Balance sheet is strong. He wouldn’t be putting money here now. 

precious metals
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They generate a lot of excess cash. Coal has traded in the 250 + range for a period of time. These guys produce 24 million tons a year. That was a bonus. Copper price has been sloppy lately. Global growth is slowing. That is putting a pall on the base metals in general. Balance sheet is strong. He wouldn’t be putting money here now. 

precious metals
0 0 0 0 0
0 comments
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$32.700
Owned Owned
No

COMMENT

The problem lies with China. He doesn’t know what is going on with China. The market is pricing the risk of a recession next month. If that doesn’t happen, the stock will fly.

precious metals
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0 comments

The problem lies with China. He doesn’t know what is going on with China. The market is pricing the risk of a recession next month. If that doesn’t happen, the stock will fly.

precious metals
0 0 0 0 0
0 comments
Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$33.190
Owned Owned
No

BUY

Diversified in a number of metals, including copper, zinc and met coal. Stock has pulled back recently, as all base metals have based on EM and China weakness. Strong balance sheet, strong cash flow. Conservative way to participate in these areas. (Analyst's price target is $41.)

precious metals
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0 comments

Diversified in a number of metals, including copper, zinc and met coal. Stock has pulled back recently, as all base metals have based on EM and China weakness. Strong balance sheet, strong cash flow. Conservative way to participate in these areas. (Analyst's price target is $41.)

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0 comments
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$34.960
Owned Owned
Yes

BUY on WEAKNESS

The company has gone from simply a coal producer and then to a metallurgical coal producer and now by Q4 Fort Hills will come on stream with copper, coal and energy.  Nice transformation in the company.  There is a hiccup in all the commodities today.  The 10 year bond is looking like it will break 290.  He is surprised how well the market is behaving today.  He would be a buyer on a pull back.

precious metals
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The company has gone from simply a coal producer and then to a metallurgical coal producer and now by Q4 Fort Hills will come on stream with copper, coal and energy.  Nice transformation in the company.  There is a hiccup in all the commodities today.  The 10 year bond is looking like it will break 290.  He is surprised how well the market is behaving today.  He would be a buyer on a pull back.

precious metals
0 0 0 0 0
0 comments
Frank Mersch

Portfolio , Jamekk Capital Manag...

Price Price
$35.430
Owned Owned
Unknown

DON'T BUY

This is a good trading stock in his opinion.  It moves aggressively with good breakouts.  If it breaks the current consolidation above $39, it would be bullish.  It is in a consolidation presently and would sell if it takes out the support near $30.  He ranks it as a 5 out of 10.  (Analysts’ price target is $42)

precious metals
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This is a good trading stock in his opinion.  It moves aggressively with good breakouts.  If it breaks the current consolidation above $39, it would be bullish.  It is in a consolidation presently and would sell if it takes out the support near $30.  He ranks it as a 5 out of 10.  (Analysts’ price target is $42)

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0 0 0 0 0
0 comments
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$38.120
Owned Owned
No

BUY

Has a cup-and-handle chart. Buyers are willing to pay top prices--they're confident in this stock. However, sellers aren't in a rush to sell. A very bullish chart that should continue to go higher.

precious metals
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Has a cup-and-handle chart. Buyers are willing to pay top prices--they're confident in this stock. However, sellers aren't in a rush to sell. A very bullish chart that should continue to go higher.

precious metals
0 0 0 0 0
0 comments
William Chin

Portfolio , Caldwell Investment ...

Price Price
$37.330
Owned Owned
Unknown

COMMENT

It's the biggest cap mineral company in Canada. Its zinc business is good, but they need to invest in copper to expand capacity. It's cheap at a low PE of less than 8x forward earnings. If the market tumbles, this will plunge, though he doesn't see it falling back to $5.

precious metals
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It's the biggest cap mineral company in Canada. Its zinc business is good, but they need to invest in copper to expand capacity. It's cheap at a low PE of less than 8x forward earnings. If the market tumbles, this will plunge, though he doesn't see it falling back to $5.

precious metals
0 0 0 0 0
0 comments
Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$35.120
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick May 30, 2017. Up 36%). Despite their problems, oil companies and mining companies still produce a lot of cash. When things go slower, these companies stop investing (lower CAPEX) and their free cash flow goes up more. He anticipated last year that with all that free cash flow, people would start buying the stock. This company has had a good run this year, but he expects the price to keep rising, so he is still long. Some of the other commodities will not do as well in the future, but he think zinc has life left.

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(A Top Pick May 30, 2017. Up 36%). Despite their problems, oil companies and mining companies still produce a lot of cash. When things go slower, these companies stop investing (lower CAPEX) and their free cash flow goes up more. He anticipated last year that with all that free cash flow, people would start buying the stock. This company has had a good run this year, but he expects the price to keep rising, so he is still long. Some of the other commodities will not do as well in the future, but he think zinc has life left.

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0 0 0 0 0
0 comments
Fabrice Taylor

Publisher, The President's Club...

Price Price
$32.970
Owned Owned
Yes

HOLD

All these late stage cyclical stocks should be moving, but they are not.  It has a model price of $81, compared to current closing near $32.  There is some speculation that the Chinese market may slow briefly, but only to ramp back up by 2020-2022 with leadership reviews.  If you own it, hold it. 

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All these late stage cyclical stocks should be moving, but they are not.  It has a model price of $81, compared to current closing near $32.  There is some speculation that the Chinese market may slow briefly, but only to ramp back up by 2020-2022 with leadership reviews.  If you own it, hold it. 

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0 0 0 0 0
0 comments
Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$31.850
Owned Owned
No

HOLD

Question: When the company reported earnings today, why did it trade up and then dropped significantly. Answer: This type of action often reflects reactions to the conference call. He did not listen to the conference call today. The published reports indicate that it had a pretty good quarter. This is a well-run company with a diversified set of resource plays in Canada. It has a strong balance sheet and trades at a good multiple. If you like that kind of business, this is a good company.

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Question: When the company reported earnings today, why did it trade up and then dropped significantly. Answer: This type of action often reflects reactions to the conference call. He did not listen to the conference call today. The published reports indicate that it had a pretty good quarter. This is a well-run company with a diversified set of resource plays in Canada. It has a strong balance sheet and trades at a good multiple. If you like that kind of business, this is a good company.

precious metals
0 0 0 0 0
0 comments
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$32.760
Owned Owned
Yes

HOLD

He thinks a strong global market and commodity price recovery will allow you to continue to hold it.  Yield 0.6%. 

precious metals
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0 comments

He thinks a strong global market and commodity price recovery will allow you to continue to hold it.  Yield 0.6%. 

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0 comments
Don Lato

President, Padlock Investment M...

Price Price
$33.990
Owned Owned
No

WATCH

It seems too expensive today – he would have preferred to own it at $25.  From a risk-reward perspective he would look elsewhere.  He owns Cameco (CCO-T) instead as he prefers companies out of favour. 

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It seems too expensive today – he would have preferred to own it at $25.  From a risk-reward perspective he would look elsewhere.  He owns Cameco (CCO-T) instead as he prefers companies out of favour. 

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$33.580
Owned Owned
No

BUY

He doesn’t own it. They have a Brazilian company in the portfolio now called Vale SA (VALE-N). Materials do well in this later stage of the cycle. Copper is doing well. (Analysts’ price target is $42)

precious metals
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He doesn’t own it. They have a Brazilian company in the portfolio now called Vale SA (VALE-N). Materials do well in this later stage of the cycle. Copper is doing well. (Analysts’ price target is $42)

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Stan Wong

Director &, Private Wealth Manag...

Price Price
$32.900
Owned Owned
No

BUY

Sees an increase in the share price. Likes this one. Copper has had a hell of a year. Teck is well-diversified and also a good play in the Oil Sands. Has a $42 target. A good way to start playing the base metals. Really likes it for its diversification. 7x foward earnings.

precious metals
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Sees an increase in the share price. Likes this one. Copper has had a hell of a year. Teck is well-diversified and also a good play in the Oil Sands. Has a $42 target. A good way to start playing the base metals. Really likes it for its diversification. 7x foward earnings.

precious metals
0 0 0 0 0
0 comments
Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$33.000
Owned Owned
Yes

HOLD

We are seeing a really nice breakout.  There is a level of resistance in the low to mid-30’s.  This could be setting up for a double top.  You don’t want to see that second low broken for more than a few days.  There is danger on the chart but he will not call it a sell yet.  Give it a few days.

precious metals
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We are seeing a really nice breakout.  There is a level of resistance in the low to mid-30’s.  This could be setting up for a double top.  You don’t want to see that second low broken for more than a few days.  There is danger on the chart but he will not call it a sell yet.  Give it a few days.

precious metals
0 0 0 0 0
0 comments
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$32.810
Owned Owned
Unknown

COMMENT

Benefitted a lot from the surprise high coking coal price, resulting in strong levels of cash flow. He doesn't see a collapse in this stock, but wouldn't pursue it aggressively. Copper price has been slipping due to worries about global growth. He doesn't see a big rebound here. They might raise their dividend of 0.6%. 7x forward earnings.

precious metals
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0 comments

Benefitted a lot from the surprise high coking coal price, resulting in strong levels of cash flow. He doesn't see a collapse in this stock, but wouldn't pursue it aggressively. Copper price has been slipping due to worries about global growth. He doesn't see a big rebound here. They might raise their dividend of 0.6%. 7x forward earnings.

precious metals
0 0 0 0 0
0 comments
Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$33.250
Owned Owned
Unknown

BUY

Key asset is growth in China, with 50% of their business selling coking coal across Asia, but their marginal price is set by China. There've been strong prices lately as China cuts back on its own coking coal production to reduce pollution. Teck will do fine short term.

precious metals
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0 comments

Key asset is growth in China, with 50% of their business selling coking coal across Asia, but their marginal price is set by China. There've been strong prices lately as China cuts back on its own coking coal production to reduce pollution. Teck will do fine short term.

precious metals
0 0 0 0 0
0 comments
Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$34.670
Owned Owned
Unknown

HOLD

Technically he thinks key support near $28 must hold. He thinks we are in an up channel presently, but that would end if it fails to hold key support. 

precious metals
0 0 0 0 0
0 comments

Technically he thinks key support near $28 must hold. He thinks we are in an up channel presently, but that would end if it fails to hold key support. 

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0 0 0 0 0
0 comments
William Chin

Portfolio , Caldwell Investment ...

Price Price
$34.590
Owned Owned
Unknown

BUY

We are late in the cycle here.  The US dollar is sliding.  This should be good for these companies.  They had a good move over the last year and a half.  The environment should continue to be good for these guys but a recession is just around the corner.  It is a good idea if you are looking for this exposure in your portfolio.

precious metals
0 0 0 0 0
0 comments

We are late in the cycle here.  The US dollar is sliding.  This should be good for these companies.  They had a good move over the last year and a half.  The environment should continue to be good for these guys but a recession is just around the corner.  It is a good idea if you are looking for this exposure in your portfolio.

precious metals
0 0 0 0 0
0 comments
Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$34.090
Owned Owned
Unknown

BUY

He says this is a buy.  He would own this for the long term.  Coal is not going away according to President Trump.  They will be spending $2 billion in capital plays and it trades at multiples that are discount to the peer group.  An explosion, or pressure event, was rumoured to cut their coal production but not as much as the 87-89% the market expected at the specific project.

precious metals
0 0 0 0 0
0 comments

He says this is a buy.  He would own this for the long term.  Coal is not going away according to President Trump.  They will be spending $2 billion in capital plays and it trades at multiples that are discount to the peer group.  An explosion, or pressure event, was rumoured to cut their coal production but not as much as the 87-89% the market expected at the specific project.

precious metals
0 0 0 0 0
0 comments
Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$33.830
Owned Owned
Unknown

COMMENT

He's not a big owner of resources, but this is a good company with a fine balance sheet and cash flow that they will give back to shareholders through buybacks and dividend increases. 

precious metals
0 0 0 0 0
0 comments

He's not a big owner of resources, but this is a good company with a fine balance sheet and cash flow that they will give back to shareholders through buybacks and dividend increases. 

precious metals
0 0 0 0 0
0 comments
Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$36.420
Owned Owned
Unknown

DON'T BUY

He is concerned about commodity stocks getting obliterated if a recession comes.  He would be very cautious trading it here, maybe buying some dips.

precious metals
0 0 0 0 0
0 comments

He is concerned about commodity stocks getting obliterated if a recession comes.  He would be very cautious trading it here, maybe buying some dips.

precious metals
0 0 0 0 0
0 comments
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$36.270
Owned Owned
Unknown

DON'T BUY

Zinc, Copper commodities did well this year.  You have to make a call on Met coal, however, with this stock.  If the price stays where it is then the stock is a screaming buy.  But he sees the coal price coming off.  China may restrict imports.

precious metals
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0 comments

Zinc, Copper commodities did well this year.  You have to make a call on Met coal, however, with this stock.  If the price stays where it is then the stock is a screaming buy.  But he sees the coal price coming off.  China may restrict imports.

precious metals
0 0 0 0 0
0 comments
Jon Case

Portfolio , Sentry Investments...

Price Price
$36.270
Owned Owned
Unknown

BUY

It is starting to go back up.  Met coal prices are settling in.  Zinc is at a multiyear high.  Copper looks to be the commodity of the next few years.  All their areas are looking bullish so the stock should inch higher.

precious metals
0 0 0 0 0
0 comments

It is starting to go back up.  Met coal prices are settling in.  Zinc is at a multiyear high.  Copper looks to be the commodity of the next few years.  All their areas are looking bullish so the stock should inch higher.

precious metals
0 0 0 0 0
0 comments
Teal Linde

Portfolio , Linde Equity Report...

Price Price
$37.650
Owned Owned
Unknown

BUY on WEAKNESS

They've done well recently due to better pricing of coal. Compared to their peers, Tech's multiplies are a little high. If it corrects 10-15% then step in, but be cautious for now.

precious metals
0 0 0 0 0
0 comments

They've done well recently due to better pricing of coal. Compared to their peers, Tech's multiplies are a little high. If it corrects 10-15% then step in, but be cautious for now.

precious metals
0 0 0 0 0
0 comments
Michael Sprung

President, Sprung Investment Ma...

Price Price
$36.900
Owned Owned
Unknown

BUY

He likes it. Very volatile. Could be extreme acceleration above the 38 dollars level. If the market cannot handle higher rates in these space is where you will see it first. (Analysts’ price target is $41)

precious metals
0 0 0 0 0
0 comments

He likes it. Very volatile. Could be extreme acceleration above the 38 dollars level. If the market cannot handle higher rates in these space is where you will see it first. (Analysts’ price target is $41)

precious metals
0 0 0 0 0
0 comments
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$37.390
Owned Owned
Yes

TOP PICK

Strong fundemantals. Cyclical stock, so currently in favour with world demand for resources (copper. zinc). Improving ROIC strongly tied to stock price. ROIC has risen from 1% two years ago to 7% now. Valuation good.  

precious metals
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0 comments

Strong fundemantals. Cyclical stock, so currently in favour with world demand for resources (copper. zinc). Improving ROIC strongly tied to stock price. ROIC has risen from 1% two years ago to 7% now. Valuation good.  

precious metals
0 0 0 0 0
0 comments
Matt Kacur

President, FSA Financial Scienc...

Price Price
$35.190
Owned Owned
Yes

BUY on WEAKNESS

Doesn’t own it. With worldwide growth, it hit a run. If it pulls back, they would take a look at it. 

precious metals
0 0 0 0 0
0 comments

Doesn’t own it. With worldwide growth, it hit a run. If it pulls back, they would take a look at it. 

precious metals
0 0 0 0 0
0 comments
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$35.190
Owned Owned
No

COMMENT

Previously, he’d been unhappy this had not managed to break out of its downward channel, but it finally did. When that happened, it changed the picture from bearish to bullish, and is now on its way to go to higher prices.

precious metals
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0 comments

Previously, he’d been unhappy this had not managed to break out of its downward channel, but it finally did. When that happened, it changed the picture from bearish to bullish, and is now on its way to go to higher prices.

precious metals
0 0 0 0 0
0 comments
William Chin

Portfolio , Caldwell Investment ...

Price Price
$36.130
Owned Owned
Unknown

HOLD

You would think with a global expansion for a year or so that commodity stocks would be doing better.  They are not just yet.  The focus is industrials and technology.  If the expansion continues you should see scarcity in resources and pries should improve.

precious metals
0 0 0 0 0
0 comments

You would think with a global expansion for a year or so that commodity stocks would be doing better.  They are not just yet.  The focus is industrials and technology.  If the expansion continues you should see scarcity in resources and pries should improve.

precious metals
0 0 0 0 0
0 comments
Don Lato

President, Padlock Investment M...

Price Price
$36.040
Owned Owned
Unknown

BUY on WEAKNESS

When looking at the material side of things, we are getting into the mid-to late stages of the cycle where materials really start to move. When looking at emerging markets, demand is increasing for steel and metallurgical coal, which is going to help a company like this. If you see a decent pullback to $32-$33, it’s a name he would start to consider.

precious metals
0 0 0 0 0
0 comments

When looking at the material side of things, we are getting into the mid-to late stages of the cycle where materials really start to move. When looking at emerging markets, demand is increasing for steel and metallurgical coal, which is going to help a company like this. If you see a decent pullback to $32-$33, it’s a name he would start to consider.

precious metals
0 0 0 0 0
0 comments
Stan Wong

Director &, Private Wealth Manag...

Price Price
$36.040
Owned Owned
Unknown

WAIT

Recently announced they were having problems at their Elk View coal facility. It hasn't shut down but reduced capacity, but nonetheless it represents a significant portion of their overall coal capacity. The recovery in met coal lately, has been a lot of the driver behind the advance in this company. This is now more a "wait and see" attitude. He would like to see it correct another 10%-15%, which would make it more interesting.

precious metals
0 0 0 0 0
0 comments

Recently announced they were having problems at their Elk View coal facility. It hasn't shut down but reduced capacity, but nonetheless it represents a significant portion of their overall coal capacity. The recovery in met coal lately, has been a lot of the driver behind the advance in this company. This is now more a "wait and see" attitude. He would like to see it correct another 10%-15%, which would make it more interesting.

precious metals
0 0 0 0 0
0 comments
Michael Sprung

President, Sprung Investment Ma...

Price Price
$35.480
Owned Owned
No

COMMENT

The closest thing to the old-fashioned majors we used to have, in copper. Has a huge cash flow and the debt is under control. The mines are probably not the best, but are good enough, particularly in an environment where copper supply is getting critical. This company should stay strong, but you are going to see it trade like anything else. If the metal situation weakens, you might get it moving down a bit more. This is your best in Canada.

precious metals
0 0 0 0 0
0 comments

The closest thing to the old-fashioned majors we used to have, in copper. Has a huge cash flow and the debt is under control. The mines are probably not the best, but are good enough, particularly in an environment where copper supply is getting critical. This company should stay strong, but you are going to see it trade like anything else. If the metal situation weakens, you might get it moving down a bit more. This is your best in Canada.

precious metals
0 0 0 0 0
0 comments
Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$36.270
Owned Owned
Unknown

COMMENT

This is in pretty good shape at the moment. With the move to electric cars, it should double the world's copper production. This has very strong copper assets. Also has very strong zinc assets which are doing very, very well at the moment. Metallurgical coal is doing fine. Everything is moving in the right direction for them at the moment. It's a well-managed company, but highly cyclical. The stock will probably do fine for the next 6 months or so.

precious metals
0 0 0 0 0
0 comments

This is in pretty good shape at the moment. With the move to electric cars, it should double the world's copper production. This has very strong copper assets. Also has very strong zinc assets which are doing very, very well at the moment. Metallurgical coal is doing fine. Everything is moving in the right direction for them at the moment. It's a well-managed company, but highly cyclical. The stock will probably do fine for the next 6 months or so.

precious metals
0 0 0 0 0
0 comments
Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$38.630
Owned Owned
No

BUY

He just had a positive transit this week. The last time he traded this was in 2012. His model price is $79.33, 100% higher than where it is currently trading. This is a cyclical, so these prices really never go to where the fundamentals are. EBV + 3 is $70, which is where he traded in 2011.

precious metals
0 0 0 0 0
0 comments

He just had a positive transit this week. The last time he traded this was in 2012. His model price is $79.33, 100% higher than where it is currently trading. This is a cyclical, so these prices really never go to where the fundamentals are. EBV + 3 is $70, which is where he traded in 2011.

precious metals
0 0 0 0 0
0 comments
Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$38.250
Owned Owned
Unknown

HOLD

What should I do with this? You have the ability to make a good short-term return, so he wouldn't sell it. It looks like it wants to break out of a trading range. A cyclical rally in the market, and materials has shown up as a top overweight by many strategists, so he thinks money flows into this sector. This is quite a volatile stock, so you probably want to hold this. You'll probably hit some headwinds at about $40, which is where you want to sell it.

precious metals
0 0 0 0 0
0 comments

What should I do with this? You have the ability to make a good short-term return, so he wouldn't sell it. It looks like it wants to break out of a trading range. A cyclical rally in the market, and materials has shown up as a top overweight by many strategists, so he thinks money flows into this sector. This is quite a volatile stock, so you probably want to hold this. You'll probably hit some headwinds at about $40, which is where you want to sell it.

precious metals
0 0 0 0 0
0 comments
Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$36.520
Owned Owned
Unknown

BUY

Fort Hills does not make a huge difference but he thinks the diversity of their commodities is good and the market does not recognize it in their price.  They have Zinc, Copper and Coal as well.  Having that diversity of products in a company that now generates free ash flow, he thinks it makes it pretty good value.  He would not be shy buying it at these levels.  It is setting up to be a pretty nice play for the long term.

precious metals
0 0 0 0 0
0 comments

Fort Hills does not make a huge difference but he thinks the diversity of their commodities is good and the market does not recognize it in their price.  They have Zinc, Copper and Coal as well.  Having that diversity of products in a company that now generates free ash flow, he thinks it makes it pretty good value.  He would not be shy buying it at these levels.  It is setting up to be a pretty nice play for the long term.

precious metals
0 0 0 0 0
0 comments
James Telfser

Partner & , Aventine Management ...

Price Price
$35.480
Owned Owned
Yes

PARTIAL BUY

Chart shows a breakout at around $32. You could buy this right now. Expect a little volatility. The one thing you can do to insulate yourself from a drop is to just buy half now. All the indicators are turning up. The short ones are a little overextended. If it got anywhere near $32, it could go right down to $29 without impairing this move. If it got above $35, then you could buy your 2nd half.

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Chart shows a breakout at around $32. You could buy this right now. Expect a little volatility. The one thing you can do to insulate yourself from a drop is to just buy half now. All the indicators are turning up. The short ones are a little overextended. If it got anywhere near $32, it could go right down to $29 without impairing this move. If it got above $35, then you could buy your 2nd half.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$33.370
Owned Owned
Yes

PARTIAL SELL

Had a very nice run to get back to a level where it has had all kinds of problems getting through. It has tried to get through the $34 level for many years, and can't get through. He would take some money off the table.

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Had a very nice run to get back to a level where it has had all kinds of problems getting through. It has tried to get through the $34 level for many years, and can't get through. He would take some money off the table.

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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$33.720
Owned Owned
Unknown

COMMENT

Chart shows a big decline from early 2014, with a very nice break out in early 2016. It is currently doing some consolidation. However, it’s taken too long for the stock to be still trading in the low $30s. If the chart was bullish, the stock should be much higher. It is still going sideways in the low $30s. He doubts it will go much higher in 2018, and will probably go sideways on the either side of $30. If you see it at $33 or $34, that would be a good place to sell your holdings.

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Chart shows a big decline from early 2014, with a very nice break out in early 2016. It is currently doing some consolidation. However, it’s taken too long for the stock to be still trading in the low $30s. If the chart was bullish, the stock should be much higher. It is still going sideways in the low $30s. He doubts it will go much higher in 2018, and will probably go sideways on the either side of $30. If you see it at $33 or $34, that would be a good place to sell your holdings.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$32.870
Owned Owned
Unknown

BUY

It’s cyclical but he thinks its a good time to get back in. The return on invested capital in the last 2 years has improved from 1% to 3% and now in Q3 it’s at 7%. It’s going in the right direction, the valuation is quite reasonable, you got the commodity prices, mostly coal and copper, going in the right direction too. Things are going in the right direction, he really likes it.

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It’s cyclical but he thinks its a good time to get back in. The return on invested capital in the last 2 years has improved from 1% to 3% and now in Q3 it’s at 7%. It’s going in the right direction, the valuation is quite reasonable, you got the commodity prices, mostly coal and copper, going in the right direction too. Things are going in the right direction, he really likes it.

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Matt Kacur

President, FSA Financial Scienc...

Price Price
$32.140
Owned Owned
Unknown

COMMENT

The big global trend right now is to have synchronized global growth for the 1st time in a decade. That all looks good and this company can usually rise into that. If he had to play catch-up on being left behind in resources, he would have to own this because it is a big Canadian company going from $20 to $30. We are over halfway through the cycle when you are going to be rolling out of these things. He’s lowered his mining exposure dramatically, because he can see other things he can do with his money.

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The big global trend right now is to have synchronized global growth for the 1st time in a decade. That all looks good and this company can usually rise into that. If he had to play catch-up on being left behind in resources, he would have to own this because it is a big Canadian company going from $20 to $30. We are over halfway through the cycle when you are going to be rolling out of these things. He’s lowered his mining exposure dramatically, because he can see other things he can do with his money.

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$31.750
Owned Owned
Unknown

COMMENT

We have seen a pick up in this sector overall. We are in the seasonal period for metals and mining and started to see a run up. Looking at the charts, we’ve had a little bit of a downtrend and are now having a little bit of resistance. This is actually so positive. Especially above 32$, it would be a very positive sign for it to move higher.

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We have seen a pick up in this sector overall. We are in the seasonal period for metals and mining and started to see a run up. Looking at the charts, we’ve had a little bit of a downtrend and are now having a little bit of resistance. This is actually so positive. Especially above 32$, it would be a very positive sign for it to move higher.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$30.880
Owned Owned
Unknown

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.

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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.

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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$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.

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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.

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Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$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.

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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.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$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.

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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.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$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.

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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.

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Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$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.

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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.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$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.

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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.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$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. 

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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. 

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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$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.

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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.

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Rick Rule

Pres. & C, Sprott USA...

Price Price
$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.

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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.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$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.

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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.

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$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.

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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.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$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.

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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.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$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.

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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.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$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.

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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.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$28.160
Owned Owned
No

HOLD

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.

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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.

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Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$28.160
Owned Owned
Unknown

TOP PICK

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.

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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.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$28.910
Owned Owned
Yes

BUY

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.

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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.

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$28.910
Owned Owned
Unknown

WAIT

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.

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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.

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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$27.100
Owned Owned
Unknown

COMMENT

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.

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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.

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$26.070
Owned Owned
Yes

COMMENT

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.

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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.

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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$27.100
Owned Owned
Unknown

DON'T BUY

This has had a very volatile history. It has been bounced between $3.50 several times over the last couple of decades. Right now, it is in the middle of that range. Coal price has probably peaked, which is about 50% of their revenue, and there will be negative pressure from that. On the other hand, about 25% of the business comes from zinc, and another 25% comes from copper. Those 2 businesses are looking better. Half the businesses are doing well and half are under pressure. They also have a big investment in an oil sands project, which is high cost oil at the end of the pipeline, and he does not like that part of the business. He wouldn’t buy it here.

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This has had a very volatile history. It has been bounced between $3.50 several times over the last couple of decades. Right now, it is in the middle of that range. Coal price has probably peaked, which is about 50% of their revenue, and there will be negative pressure from that. On the other hand, about 25% of the business comes from zinc, and another 25% comes from copper. Those 2 businesses are looking better. Half the businesses are doing well and half are under pressure. They also have a big investment in an oil sands project, which is high cost oil at the end of the pipeline, and he does not like that part of the business. He wouldn’t buy it here.

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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$26.890
Owned Owned
Unknown

COMMENT

In the last day or so, we have seen a few of the mining stocks suffering from fairly rapid setbacks. What was driving this company up to now was a very good met coal market. Right now, he thinks people are stepping back and saying “We have seen some strength in commodities lately, but how sustainable is it, and how likely is it going to last.” The pullbacks might be a bit of a buying opportunity.

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In the last day or so, we have seen a few of the mining stocks suffering from fairly rapid setbacks. What was driving this company up to now was a very good met coal market. Right now, he thinks people are stepping back and saying “We have seen some strength in commodities lately, but how sustainable is it, and how likely is it going to last.” The pullbacks might be a bit of a buying opportunity.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$26.730
Owned Owned
Unknown

COMMENT

This has exposure to met coal, copper and zinc. Met coal prices tend to be quite volatile, and have been recovering. Also, zinc prices have been improving. Of all the commodities, she feels zinc is the most favourable. Hasn’t been adding to her holdings. Would like to wait for it to pull back a bit more, as well as more clarity as to what met coal prices look like for the balance of the year.

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This has exposure to met coal, copper and zinc. Met coal prices tend to be quite volatile, and have been recovering. Also, zinc prices have been improving. Of all the commodities, she feels zinc is the most favourable. Hasn’t been adding to her holdings. Would like to wait for it to pull back a bit more, as well as more clarity as to what met coal prices look like for the balance of the year.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$28.250
Owned Owned
Yes

COMMENT

The Chinese just sold a big chunk of their holdings. This is kind of a premier resource stock. It is almost like a mutual fund, because it has a little bit of everything. The chart shows it is in a bit of a down trending movement. There is a lot of volatility, but net/net it has been selling off since the last part of 2016.

precious metals