Teck Resources Ltd. (B) | StockChase
1455
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $30.6700 on 2017-12-15

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals
1455
Teck Resources Ltd. (B) (TECK.B-T)

Last Price Recorded: $30.6700 on 2017-12-15

ON STOCKCHASE SINCE Jan 2001

zinc

precious metals

Teck Resources Ltd. (B)


Signal Opinion Expert
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.

precious metals

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.

precious metals
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$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.

precious metals

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.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$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.

precious metals

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.

precious metals
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$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.

precious metals

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.

precious metals
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$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.

precious metals

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.

precious metals
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$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.

precious metals

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.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$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.

precious metals

Zinc prices have done well in the last couple of months.  It is a commodity to watch.  He owns a smaller operator in the north.  ZINC-T (Pinepoint mining) is his preferred way to play it.

precious metals
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$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. 

precious metals

The biggest Canadian mining company and is pretty easy to analyse. 50% coking coal is exported mainly to Japan and Korea to the higher end steel mills. 25% is zinc, which is doing very, very well. The remaining part is copper, the metal of the electronic age. He’s heard that if we go to electric cars, we need to double world copper production. Positioned reasonably well, but he isn’t excited about commodities in this environment. Not a stock you buy and put away, it’s a stock you trade. 

precious metals
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$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.

precious metals

Firing on all cylinders. Coal prices up and they are doing well in coal, zinc and copper. They’ve managed the debt. Cash going through the company has surprised all the analysts, and he suspects the company itself.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$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.

precious metals

This got a bonus when metallurgical coal prices in early 2016 popped to almost $300 a ton from $100 a ton. All their debt problems basically disappeared. They've managed to pay down some debt, and could probably boost the dividend now. There are a lot of positives, which is why the stock basically went from $3 to $35. Metallurgical coal is now heading south again. They still have copper operations and have Fort Hills starting up in oil to help support it. Doesn't see a lot of upside, but is not Short any more. The dividend should grow. You might be better with pure copper names than going with this one.

precious metals
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$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.

precious metals

Guidance on coal sales is weak.  They did a great job of de-levering the balance sheet and reducing costs.  Today’s slide is based on coal pricing.  It is a pretty well run business but he does not like the inherent volatility in commodity prices.

precious metals
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$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.

precious metals

They have done very well in the last year or two. They used to be really a Zinc / Copper company but now they are more dependent on Coal which he doesn’t like. In terms of P/E it doesn’t look bad, but you have to think that the time to buy these resources stocks is often when the P/E is very high hoping for a cyclical recovery, and sell when the P/E is getting low. If he wanted exposure to metals he would be looking at other companies. Activity coming from China has been moving prices up recently but he doesn’t see this as being a continuing trend. China usually builds large inventories then lets prices drop and come in again at lower prices. Sold their holdings some months ago.

precious metals
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$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.

precious metals

Chart shows a very nice recovery in 2016, but now it is showing lower highs and lower lows. Going forward, he expects we’ll have periods of weakness going back to about $10 levels. You can’t talk commodities without talking about China. China is just going through a big party Congress. Historically, they dress up before the Congress, but after that they might go back to deleveraging. China is very highly leveraged. Doesn’t expect any hard landing, but just slower growth. Expects there may be some weakness at hand, but is looking at support of around $20.

precious metals
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$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.

precious metals

Canada’s largest miner of base metals and bulk commodities like coal, zinc and copper.  It has lagged some of the more pure plays on base metals.  He would prefer LUN-T.  He is indifferent on this one.

precious metals
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$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.

precious metals

This one is tough. (Sold his position.) He can’t say it is a strong Buy or that it is a strong Sell. His model price of $69.73 is 140% above the current price, but what is happening is that the model price is decreasing over time because earnings estimates have been grinding lower. If it went to $34.50, he would hit the Sell button. If it got down to $20, he would be a buyer.

precious metals
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$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.

precious metals

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

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$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.

precious metals

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

precious metals
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$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.

precious metals

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

precious metals
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$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.

precious metals

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

precious metals
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$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.

precious metals

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

precious metals
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$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.

precious metals

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

precious metals
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$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.

precious metals

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.

precious metals
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$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.

precious metals

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.

precious metals
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$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.

precious metals

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.

precious metals
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$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

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
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$29.620
Owned Owned
Unknown

COMMENT

In the past, he has very much liked the base metal commodity space. Had thought that with the growth demand in China these were must own names. Had a change of heart in 2010-2011, and completely eliminated his exposure. This lives and dies with the price of metallurgical coal and other commodities.

precious metals

In the past, he has very much liked the base metal commodity space. Had thought that with the growth demand in China these were must own names. Had a change of heart in 2010-2011, and completely eliminated his exposure. This lives and dies with the price of metallurgical coal and other commodities.

precious metals
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$31.610
Owned Owned
No

PARTIAL SELL

Up 32% on this. What should I do? Any time you are up a lot in a stock, it never hurts to take a little money off the table. The outlook for the company is solid. They have benefited from commodity prices, particularly met coal and copper, increasing recently. A pretty diversified base metals company. Have had a lot of debt, but are starting to pay that down and deleverage the balance sheet, which is one of the reasons the share price has done well. Over the next couple of years, because the capital expenditure is going down, you are going to see increased free cash flow from this business, which will allow them to pay down more debt, allowing the equity price to continue to appreciate.

precious metals

Up 32% on this. What should I do? Any time you are up a lot in a stock, it never hurts to take a little money off the table. The outlook for the company is solid. They have benefited from commodity prices, particularly met coal and copper, increasing recently. A pretty diversified base metals company. Have had a lot of debt, but are starting to pay that down and deleverage the balance sheet, which is one of the reasons the share price has done well. Over the next couple of years, because the capital expenditure is going down, you are going to see increased free cash flow from this business, which will allow them to pay down more debt, allowing the equity price to continue to appreciate.

precious metals
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$31.610
Owned Owned
Unknown

SELL

He says sell!  When commodity prices were high and we were bullish about Chinese growth, the stock was $40-$60 when it was firing on all cylinders.  He does not think we are going back to that.  We already rallied back to the $34 area.  He is a better seller than a buyer.

precious metals

He says sell!  When commodity prices were high and we were bullish about Chinese growth, the stock was $40-$60 when it was firing on all cylinders.  He does not think we are going back to that.  We already rallied back to the $34 area.  He is a better seller than a buyer.

precious metals
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$31.260
Owned Owned
Unknown

SELL

He has trouble buying this one low and selling high.  This is generally a trade.  It is not going to run up again and so it is probably a better sell than a buy.

precious metals

He has trouble buying this one low and selling high.  This is generally a trade.  It is not going to run up again and so it is probably a better sell than a buy.

precious metals
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$29.340
Owned Owned
Unknown

BUY on WEAKNESS

He likes what they have done in terms of containing costs.  They are a good way to play zinc.  All these base metals have had a good run off positive numbers in China.  He would hold it and let it pull back here and then buy more.  He likes the outlook for zinc.

precious metals

He likes what they have done in terms of containing costs.  They are a good way to play zinc.  All these base metals have had a good run off positive numbers in China.  He would hold it and let it pull back here and then buy more.  He likes the outlook for zinc.

precious metals
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$28.360
Owned Owned
Unknown

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