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 Mar, 18, 2019, 2:46 pm

29.31 0.56 (1.95%)

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
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.
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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.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$30.790
Owned Owned
Unknown

STRONG BUY
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.
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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.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$29.970
Owned Owned
Yes

DON'T BUY
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.
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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.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$28.430
Owned Owned
No

DON'T BUY
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.
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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.
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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$29.810
Owned Owned
No

BUY
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)
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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)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$31.050
Owned Owned
Yes

BUY on WEAKNESS
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.
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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.
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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$30.760
Owned Owned
Unknown

WATCH
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.
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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.
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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$32.000
Owned Owned
No

COMMENT
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,
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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,
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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$31.690
Owned Owned
Unknown

TOP PICK
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)
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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)
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$30.700
Owned Owned
Yes

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

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