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

Last Price Recorded: $29.8600 on 2017-12-14

ON STOCKCHASE SINCE Jan 2001

zinc

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

Last Price Recorded: $29.8600 on 2017-12-14

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

BUY on WEAKNESS

Had a huge downdraft in 2015 and recovered nicely in 2016 with a huge run, and then finally gave up the ghost. It has 3 commodities, metallurgical coal, zinc and copper. Met coal hit $300, fell back to $150, and is now rallying up to $200. Commodity stocks are hard to investment in unless you buy right. The nice thing about this one is that for the near term you have met coal which has stabilized at much higher prices than anyone anticipated and generates lots of cash. Most important though, over the next 6 months, zinc looks very, very tight. Then when you get out to 2020, 2021 and 2022, copper looks to be in significant shortfall, and this company will play that, especially with their 2nd project of QB2. Also, the company has fixed the balance sheet. He would like to see a bit of a pullback.

precious metals

Had a huge downdraft in 2015 and recovered nicely in 2016 with a huge run, and then finally gave up the ghost. It has 3 commodities, metallurgical coal, zinc and copper. Met coal hit $300, fell back to $150, and is now rallying up to $200. Commodity stocks are hard to investment in unless you buy right. The nice thing about this one is that for the near term you have met coal which has stabilized at much higher prices than anyone anticipated and generates lots of cash. Most important though, over the next 6 months, zinc looks very, very tight. Then when you get out to 2020, 2021 and 2022, copper looks to be in significant shortfall, and this company will play that, especially with their 2nd project of QB2. Also, the company has fixed the balance sheet. He would like to see a bit of a pullback.

precious metals
Lyle Stein

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

PricePrice
$29.060
Owned Owned
Yes

SELL

Very strong seasonality. The best time is from October through to early January. Right now, there is a little bit of concern. The chart shows it is coming under some pressure and is currently in a downward trend. It has some seasonality coming into the summer until around the middle of July. It then has a selloff period through until October. This might be an opportunity to get out.

precious metals

Very strong seasonality. The best time is from October through to early January. Right now, there is a little bit of concern. The chart shows it is coming under some pressure and is currently in a downward trend. It has some seasonality coming into the summer until around the middle of July. It then has a selloff period through until October. This might be an opportunity to get out.

precious metals
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$28.260
Owned Owned
Unknown

COMMENT

Overall, a great company. Has good leverage to global growth. To a large extent, the glory days are behind, because he doesn’t think we are going to see the infrastructure boom in China or India any time soon. A good, solid company with a decent balance sheet. It is probably fine, although it wouldn’t be his 1st choice.

precious metals

Overall, a great company. Has good leverage to global growth. To a large extent, the glory days are behind, because he doesn’t think we are going to see the infrastructure boom in China or India any time soon. A good, solid company with a decent balance sheet. It is probably fine, although it wouldn’t be his 1st choice.

precious metals
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$27.250
Owned Owned
Unknown

HOLD

He intends to hold it for at least 18 months.  He is attracted to the coal and copper exposure.  He also likes their heavy oil operations.  We are in the early stages of a bull market.  They have fine processing facilities.  He takes Chinese prognostications with a bit of skepticism.  He just watches commodity prices.  If copper prices don’t rise we won’t have the ability to transmit electricity. 

precious metals

He intends to hold it for at least 18 months.  He is attracted to the coal and copper exposure.  He also likes their heavy oil operations.  We are in the early stages of a bull market.  They have fine processing facilities.  He takes Chinese prognostications with a bit of skepticism.  He just watches commodity prices.  If copper prices don’t rise we won’t have the ability to transmit electricity. 

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$27.060
Owned Owned
Yes

WATCH

Metals are starting to see a little bit of life. Chart shows a neckline break at around $26, which is pretty much game over. Now it is kind of bouncing off the current level. If you are a technical person, you can buy this right now, but you have to let it play out. If it breaks the neck line, it could be a great play.

precious metals

Metals are starting to see a little bit of life. Chart shows a neckline break at around $26, which is pretty much game over. Now it is kind of bouncing off the current level. If you are a technical person, you can buy this right now, but you have to let it play out. If it breaks the neck line, it could be a great play.

precious metals
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$24.610
Owned Owned
Unknown

BUY

The fair market value is quite high, relative to the current price. If there is any change in the market towards the resource sector, this is a stock that could do quite well. He could see it going to $34.

precious metals

The fair market value is quite high, relative to the current price. If there is any change in the market towards the resource sector, this is a stock that could do quite well. He could see it going to $34.

precious metals
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$24.420
Owned Owned
Unknown

COMMENT

This has done fairly well over the last couple of years. They are a much different company than they were 10 years ago, when they were largely exposed to coal and coal shipments. He sold his holdings about 6 months ago. The markets they are involved in are extremely unpredictable. Met coal is very interesting, but China is producing at record rates. This would not be his choice within the sector.

precious metals

This has done fairly well over the last couple of years. They are a much different company than they were 10 years ago, when they were largely exposed to coal and coal shipments. He sold his holdings about 6 months ago. The markets they are involved in are extremely unpredictable. Met coal is very interesting, but China is producing at record rates. This would not be his choice within the sector.

precious metals
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$24.420
Owned Owned
No

COMMENT

This just had a Buy signal, because it broke out of one of his structural levels. His model price is $68, 190% of yesterday’s close. Earnings estimates are $4.17 this year and goes down to $3 next year. He has had Sell signals all along, and this is the 1st Buy signal he has had. If you are a trader, he would be Long the stock.

precious metals

This just had a Buy signal, because it broke out of one of his structural levels. His model price is $68, 190% of yesterday’s close. Earnings estimates are $4.17 this year and goes down to $3 next year. He has had Sell signals all along, and this is the 1st Buy signal he has had. If you are a trader, he would be Long the stock.

precious metals
Brian Acker, CA

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

PricePrice
$24.550
Owned Owned
Unknown

DON'T BUY

A very late cycle type of stock.  We saw a very big move in the name so he would be very hesitant to move back into it.  The balance sheet risk has been taken out of this story.

precious metals

A very late cycle type of stock.  We saw a very big move in the name so he would be very hesitant to move back into it.  The balance sheet risk has been taken out of this story.

precious metals
Gerard Ferguson

CEO & Portfolio Manager, Jemekk Capital Manag...

PricePrice
$23.650
Owned Owned
No

HOLD

The main commodity this company produces is coking coal used in making steel, which had an unexpected huge run, and enabled them to make a lot of money and pay off a lot of debt. As a result, the balance sheet is in good shape. Coal has probably stabilized at the current price. They are also exposed to copper and zinc. It all depends on your view of these commodities. He is quite bullish on zinc and reasonably comfortable with copper. There could be more downside on coking coal.

precious metals

The main commodity this company produces is coking coal used in making steel, which had an unexpected huge run, and enabled them to make a lot of money and pay off a lot of debt. As a result, the balance sheet is in good shape. Coal has probably stabilized at the current price. They are also exposed to copper and zinc. It all depends on your view of these commodities. He is quite bullish on zinc and reasonably comfortable with copper. There could be more downside on coking coal.

precious metals
Jim Huang

President, T.I.P. Wealth Manage...

PricePrice
$23.210
Owned Owned
Unknown

DON'T BUY

He just covered his Short of $20 a couple of weeks ago, and this has bounced nicely. If you want to own base metals, focus on copper. In bulk materials, particularly coal, there is a dramatic supply response to the run-up in prices last year. It is not a particularly difficult mineral to mine. Also, this company is very sensitive to a strong Cdn$.

precious metals

He just covered his Short of $20 a couple of weeks ago, and this has bounced nicely. If you want to own base metals, focus on copper. In bulk materials, particularly coal, there is a dramatic supply response to the run-up in prices last year. It is not a particularly difficult mineral to mine. Also, this company is very sensitive to a strong Cdn$.

precious metals
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$22.920
Owned Owned
No

TOP PICK

This has met coal, copper, zinc and oil. People are forgetting the zinc story. Zinc is really, really tight and is just starting out to see a run. 3 years out, copper is going to be very tight. Met coal is $140, and their costs are $90. Dividend yield of 1%. (Analysts’ price target is $37.)

precious metals

This has met coal, copper, zinc and oil. People are forgetting the zinc story. Zinc is really, really tight and is just starting out to see a run. 3 years out, copper is going to be very tight. Met coal is $140, and their costs are $90. Dividend yield of 1%. (Analysts’ price target is $37.)

precious metals
Lyle Stein

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

PricePrice
$21.760
Owned Owned
Yes

SELL ON STRENGTH

Steel stocks have been beaten up and he plays it through an ETF.  You have Met. coal in TECK.B-T and so he thinks there is downside potential.  He would sell into rallies.

precious metals

Steel stocks have been beaten up and he plays it through an ETF.  You have Met. coal in TECK.B-T and so he thinks there is downside potential.  He would sell into rallies.

precious metals
Larry Berman CFA, CMT, CTA

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

PricePrice
$21.900
Owned Owned
Unknown

COMMENT

The stock shot up when demand for met coal was strong, but that has now passed and we are really waiting for base commodities such a zinc, copper, etc. There really hasn’t been a major change in the commodity cycle just yet. It will come, but it may not be for a couple of years.

precious metals

The stock shot up when demand for met coal was strong, but that has now passed and we are really waiting for base commodities such a zinc, copper, etc. There really hasn’t been a major change in the commodity cycle just yet. It will come, but it may not be for a couple of years.

precious metals
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$21.970
Owned Owned
Unknown

DON'T BUY

Last year was a great year for a bounce in commodity prices. He believes that we are in a long-term secular bear market for commodities, meaning cyclical advances and declines without making much progress.

precious metals

Last year was a great year for a bounce in commodity prices. He believes that we are in a long-term secular bear market for commodities, meaning cyclical advances and declines without making much progress.

precious metals
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$19.870
Owned Owned
Unknown

PARTIAL BUY

He used to own it and sold it.  It looks compelling right now.  At this price the valuation is quite interesting.  You have to feel confident about the various resources they are exposed to.  Met Coal he is comfortable with, but the others he is not.  They have de-levered the balance sheet, selling non-core assets.  It is an attractive name if you want exposure to their commodities, but he recommends against it being a huge position.

precious metals

He used to own it and sold it.  It looks compelling right now.  At this price the valuation is quite interesting.  You have to feel confident about the various resources they are exposed to.  Met Coal he is comfortable with, but the others he is not.  They have de-levered the balance sheet, selling non-core assets.  It is an attractive name if you want exposure to their commodities, but he recommends against it being a huge position.

precious metals
Veeral Khatri

Partner and Portfolio Manager, JC Clark...

PricePrice
$20.390
Owned Owned
No

COMMENT

His feeling towards commodities in general is that they got overdone in their run up and their downside risk. You are starting to see that both in commodities in general and in this company. A good company, but he has no desire to own it.

precious metals

His feeling towards commodities in general is that they got overdone in their run up and their downside risk. You are starting to see that both in commodities in general and in this company. A good company, but he has no desire to own it.

precious metals
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$19.730
Owned Owned
No

WATCH

We have only a handful of big Canadian companies that are really important. At this level, this is where you want to buy, but first wait for it to break out technically.

precious metals

We have only a handful of big Canadian companies that are really important. At this level, this is where you want to buy, but first wait for it to break out technically.

precious metals
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$22.420
Owned Owned
No

DON'T BUY

A well-regarded company and has pretty much done everything right. However, he is not overly bullish on materials companies right now. You need to see more of the basic infrastructure spending pick up, particularly in Asia, particularly in China. He doesn’t see enough of a push to get a short-term immediate catalyst right now. Doesn’t see any reason to own it today.

precious metals

A well-regarded company and has pretty much done everything right. However, he is not overly bullish on materials companies right now. You need to see more of the basic infrastructure spending pick up, particularly in Asia, particularly in China. He doesn’t see enough of a push to get a short-term immediate catalyst right now. Doesn’t see any reason to own it today.

precious metals
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$24.170
Owned Owned
Unknown

TOP PICK

This has recovered a lot. They generated a huge amount of cash flow in Q1, and he thinks there is room for the dividend to go up. Now is a good time to pick away at these things for the next 3-5 years. If the theory is right, you are going to make very good money. Dividend yield of 0.8%. (Analysts’ price target is $37.50.)

precious metals

This has recovered a lot. They generated a huge amount of cash flow in Q1, and he thinks there is room for the dividend to go up. Now is a good time to pick away at these things for the next 3-5 years. If the theory is right, you are going to make very good money. Dividend yield of 0.8%. (Analysts’ price target is $37.50.)

precious metals
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$25.310
Owned Owned
Yes

COMMENT

Usually the best time to buy this is when everyone hates it. A high-quality company with some very good assets including metallurgical coal, oil sands exposure, copper and zinc. Like any resource company, the stock is highly volatile, and is difficult to value.

precious metals

Usually the best time to buy this is when everyone hates it. A high-quality company with some very good assets including metallurgical coal, oil sands exposure, copper and zinc. Like any resource company, the stock is highly volatile, and is difficult to value.

precious metals
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$24.950
Owned Owned
No

COMMENT

This is sensitive to coal. It is involved in a big build now on oil and gas. This is really the last of our major mining companies, other than the gold companies. You are going to get waves of commodity related performance. Good to Hold if you are patient.

precious metals

This is sensitive to coal. It is involved in a big build now on oil and gas. This is really the last of our major mining companies, other than the gold companies. You are going to get waves of commodity related performance. Good to Hold if you are patient.

precious metals
Michael Smedley

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

PricePrice
$25.180
Owned Owned
No

COMMENT

A large producer of bulk commodities and base metals. He is not bullish on the base metals, etc. China has been the incremental buyer in a lot of these commodities over the last 10-15 years. Feels Chinese growth is slowing. He is not particularly optimistic on the stock.

precious metals

A large producer of bulk commodities and base metals. He is not bullish on the base metals, etc. China has been the incremental buyer in a lot of these commodities over the last 10-15 years. Feels Chinese growth is slowing. He is not particularly optimistic on the stock.

precious metals
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$24.850
Owned Owned
No

DON'T BUY

A bit of a hybrid. It’s copper, but it is now big coal. The coal price does great. Last year there is generally an unexpected move in coal that went quite a bit higher, and he is a little nervous of that. He would only be a buyer of this if it were in the high teens.

precious metals

A bit of a hybrid. It’s copper, but it is now big coal. The coal price does great. Last year there is generally an unexpected move in coal that went quite a bit higher, and he is a little nervous of that. He would only be a buyer of this if it were in the high teens.

precious metals
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$25.280
Owned Owned
Unknown

COMMENT

Thinks this stock has upside. Just sold their Hydro assets for an unbelievable multiple to EBITDA, $175 million, to Fortis. The objection has been that their balance sheet has been over stretched. They’ve done a wonderful job driving that down. He sees this as trading at about 3.5X forward EBITDA. Metals like zinc and coal don’t market much attention, but a company that generates that much cash will eventually get market attention. Very well-run and has a collection of world-class assets.

precious metals

Thinks this stock has upside. Just sold their Hydro assets for an unbelievable multiple to EBITDA, $175 million, to Fortis. The objection has been that their balance sheet has been over stretched. They’ve done a wonderful job driving that down. He sees this as trading at about 3.5X forward EBITDA. Metals like zinc and coal don’t market much attention, but a company that generates that much cash will eventually get market attention. Very well-run and has a collection of world-class assets.

precious metals
Rick Rule

Pres. & CEO, Sprott USA...

PricePrice
$25.260
Owned Owned
Unknown

COMMENT

The star of 2016. It began the year well, kind of rallied, and then tanked recently as metallurgical coal prices fell. Now trading at around $25 and is interesting value because of the zinc operations. When he looks at this, he looks at it as a zinc play in the near term. Medium term and longer-term would be copper. And then you get a kick in from metallurgical coal at some point. He hasn’t bought any lately, but it is quite attractive.

precious metals

The star of 2016. It began the year well, kind of rallied, and then tanked recently as metallurgical coal prices fell. Now trading at around $25 and is interesting value because of the zinc operations. When he looks at this, he looks at it as a zinc play in the near term. Medium term and longer-term would be copper. And then you get a kick in from metallurgical coal at some point. He hasn’t bought any lately, but it is quite attractive.

precious metals
Lyle Stein

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

PricePrice
$24.850
Owned Owned
Yes

DON'T BUY

The period of seasonal strength is from around the middle of November, right through until around the end of April. This year, it started to go the same way, but then didn’t complete it. Chart shows a technical head and shoulders pattern, which is not good news. The implied downside risk in a trading range is from its peak to the equivalent dollar amount on the downside. Start to look for better opportunities elsewhere.

precious metals

The period of seasonal strength is from around the middle of November, right through until around the end of April. This year, it started to go the same way, but then didn’t complete it. Chart shows a technical head and shoulders pattern, which is not good news. The implied downside risk in a trading range is from its peak to the equivalent dollar amount on the downside. Start to look for better opportunities elsewhere.

precious metals
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$25.010
Owned Owned
Unknown

COMMENT

He is Short this and Long on a copper producer. Doesn’t have anything against the company, it is more about the coal space. Metallurgical coal is a commodity that has had its run. Feels that the expected free cash to be generated through 2017, are probably misguided. We are starting to see a lot of coal capacity come into the market after the run-up in prices last year.

precious metals

He is Short this and Long on a copper producer. Doesn’t have anything against the company, it is more about the coal space. Metallurgical coal is a commodity that has had its run. Feels that the expected free cash to be generated through 2017, are probably misguided. We are starting to see a lot of coal capacity come into the market after the run-up in prices last year.

precious metals
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$28.270
Owned Owned
Yes

COMMENT

He is not a short term investor so cannot comment on May to September.  They have had a wonderful run and he would be hard pressed to see this continuing.  He missed this one.

precious metals

He is not a short term investor so cannot comment on May to September.  They have had a wonderful run and he would be hard pressed to see this continuing.  He missed this one.

precious metals
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$28.500
Owned Owned
No

HOLD

He delved into it as part of a tactical strategy.  He thinks the resource stocks will overheat.  It is reasonable to have a position here.  Their portfolio is reasonably strong.  It will be volatile in the short term.

precious metals

He delved into it as part of a tactical strategy.  He thinks the resource stocks will overheat.  It is reasonable to have a position here.  Their portfolio is reasonably strong.  It will be volatile in the short term.

precious metals
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$28.140
Owned Owned
Unknown

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