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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Opinion
Expert
DON'T BUY
DON'T BUY
October 9, 2019
Outlook depends on global growth which as been decelerating. Teck is paying off its debt though. She holds very few cyclicals, including mining. She won't touch base metals until the global economy improves. We're late in the cycle.
Outlook depends on global growth which as been decelerating. Teck is paying off its debt though. She holds very few cyclicals, including mining. She won't touch base metals until the global economy improves. We're late in the cycle.
precious metals
DON'T BUY
DON'T BUY
September 23, 2019
It's had a wild ride. He doesn't follow them. The market has under-invested in energy. You can do worse than Teck.
It's had a wild ride. He doesn't follow them. The market has under-invested in energy. You can do worse than Teck.
precious metals
COMMENT
COMMENT
September 20, 2019
Trade tensions have impacted base metals, where this company is tied to iron ore. It would do well when a trade deal is struck with China. There is starting to become some speculation in the copper area. But since many of the shares are privately held, they will still be a laggard if speculation takes hold in the space.
Trade tensions have impacted base metals, where this company is tied to iron ore. It would do well when a trade deal is struck with China. There is starting to become some speculation in the copper area. But since many of the shares are privately held, they will still be a laggard if speculation takes hold in the space.
precious metals
DON'T BUY
DON'T BUY
September 16, 2019
Sell it and buy Microsoft. The problem is that the global industry, which buys their coal, is slowing. The price could fall, facing competitive pricing from Australia which could flood the world with it. Be cautious here.
Sell it and buy Microsoft. The problem is that the global industry, which buys their coal, is slowing. The price could fall, facing competitive pricing from Australia which could flood the world with it. Be cautious here.
precious metals
PAST TOP PICK
PAST TOP PICK
September 12, 2019
(A Top Pick Mar 22/19, Down 17%) He still likes this one. It has come up immensely since the bottom. He was expecting the rotation from growth to value that we are seeing now, back then. See his Top Picks today.
(A Top Pick Mar 22/19, Down 17%) He still likes this one. It has come up immensely since the bottom. He was expecting the rotation from growth to value that we are seeing now, back then. See his Top Picks today.
precious metals
TOP PICK
TOP PICK
September 12, 2019
The downside is better encapsulated here than when he first recommended it in March. It is a really good entry point. They have a fantastic balance sheet. (Analysts’ price target is $37.31)
The downside is better encapsulated here than when he first recommended it in March. It is a really good entry point. They have a fantastic balance sheet. (Analysts’ price target is $37.31)
precious metals
DON'T BUY
DON'T BUY
September 9, 2019
It has suffered in the current environment. You are looking for an uptick in the commodities market. It does not look too bad but it may be some time before you see some improvement. The Coal market is being impacted by world trade talks. For long term you will do all right.
It has suffered in the current environment. You are looking for an uptick in the commodities market. It does not look too bad but it may be some time before you see some improvement. The Coal market is being impacted by world trade talks. For long term you will do all right.
precious metals
BUY
BUY
September 9, 2019
Chart does look soft. One of best managed companies out there. They don't make money every year, but over the long term, they make a substantial amount and pay down their debt. Balance sheet is better, and they have cash. China is a short-term risk. Great quality assets. Strong management. De facto core holding in the sector. (Analysts’ price target is $37.37)
Chart does look soft. One of best managed companies out there. They don't make money every year, but over the long term, they make a substantial amount and pay down their debt. Balance sheet is better, and they have cash. China is a short-term risk. Great quality assets. Strong management. De facto core holding in the sector. (Analysts’ price target is $37.37)
precious metals
DON'T BUY
DON'T BUY
August 13, 2019
They are really reliant on commodity prices. The global economy has been slowing leading to lower commodity prices. She would not be buying here, until the underlying commodity price improves.
They are really reliant on commodity prices. The global economy has been slowing leading to lower commodity prices. She would not be buying here, until the underlying commodity price improves.
precious metals
SPECULATIVE BUY
SPECULATIVE BUY
August 13, 2019
Long-term, we're in secular bull market, but a secular bear market for commodities. He does like copper, though, because the smart money has been buying it (for the past two weeks) and copper correlates well with China. So, anything to do with China has taken a sharp drop. Lately, the copper price is trying to form a tradeable low, but Trump's tweets can suddenly change things. This is a trade, not a long-term hold (though the smart money is long).
Long-term, we're in secular bull market, but a secular bear market for commodities. He does like copper, though, because the smart money has been buying it (for the past two weeks) and copper correlates well with China. So, anything to do with China has taken a sharp drop. Lately, the copper price is trying to form a tradeable low, but Trump's tweets can suddenly change things. This is a trade, not a long-term hold (though the smart money is long).
precious metals
SELL
SELL
August 8, 2019
They owned it, but got a technical sell on it. The declines can often be really severe. So they sold and switched into gold.
They owned it, but got a technical sell on it. The declines can often be really severe. So they sold and switched into gold.
precious metals
COMMENT
COMMENT
August 6, 2019
Commodities get vulnerable when there is concern about the market. If he was to buy a metals producer he would buy RIO-N, which is sitting on a rising moving average. TECK.B appears to have lost its upward momentum. The yield on both of these is above 5% and it will become a favorite space once investors regain their confidence.
Commodities get vulnerable when there is concern about the market. If he was to buy a metals producer he would buy RIO-N, which is sitting on a rising moving average. TECK.B appears to have lost its upward momentum. The yield on both of these is above 5% and it will become a favorite space once investors regain their confidence.
precious metals
PARTIAL BUY
PARTIAL BUY
August 6, 2019
His go-to stock if he was buying base metals. Eventually, commodities will go through the roof, so now is a good time to be adding, but don't go overweight. It's a good company, but you will wait.
His go-to stock if he was buying base metals. Eventually, commodities will go through the roof, so now is a good time to be adding, but don't go overweight. It's a good company, but you will wait.
precious metals
DON'T BUY
DON'T BUY
July 31, 2019
The chart doesn't look great. Moving averages are moving lower. Not good. Seasonality is end of the year into the new, late-November to mid-February. Revenue growth is healthy though.
The chart doesn't look great. Moving averages are moving lower. Not good. Seasonality is end of the year into the new, late-November to mid-February. Revenue growth is healthy though.
precious metals
HOLD
HOLD
July 12, 2019
Likes it, but concerned right now because it's a world economy stock. Not the time to step in. If you own it, hold. One of the best managed Canadian mining companies. If you're looking ahead to the 2020s, you could buy it on a dip.
Likes it, but concerned right now because it's a world economy stock. Not the time to step in. If you own it, hold. One of the best managed Canadian mining companies. If you're looking ahead to the 2020s, you could buy it on a dip.
precious metals
PAST TOP PICK
PAST TOP PICK
July 5, 2019
(A Top Pick Jan 10/19, Down 5%) Volatile. Big move down from mid-April to end-May due to trade issues and the U.S. dollar. It's been choppy and rangebound since 2016, but it could breakout to $45. You are paid to wait.
(A Top Pick Jan 10/19, Down 5%) Volatile. Big move down from mid-April to end-May due to trade issues and the U.S. dollar. It's been choppy and rangebound since 2016, but it could breakout to $45. You are paid to wait.
precious metals
DON'T BUY
DON'T BUY
July 3, 2019
He firmly believes you want to own commodity stocks when the underlying commodity prices are holding their value. Right now, Teck's underlying commodities remain under pressure. He would stay away until copper and zinc prices improve. (Analysts’ price target is $40.00)
He firmly believes you want to own commodity stocks when the underlying commodity prices are holding their value. Right now, Teck's underlying commodities remain under pressure. He would stay away until copper and zinc prices improve. (Analysts’ price target is $40.00)
precious metals
WEAK BUY
WEAK BUY
June 27, 2019
He is not a resource bull normally, but he likes restructuring themes. The base metals area has been unloved and under owned for a long time. Lows on the sector have been increasing since 2015. This group is set up to do quite well. He prefers RIO-T. The risk reward is very, very good. TECH.B-T should participate in this camp. (Analysts’ price target is $40.00)
He is not a resource bull normally, but he likes restructuring themes. The base metals area has been unloved and under owned for a long time. Lows on the sector have been increasing since 2015. This group is set up to do quite well. He prefers RIO-T. The risk reward is very, very good. TECH.B-T should participate in this camp. (Analysts’ price target is $40.00)
precious metals
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