Teck Resources Ltd. (B)

TECK.B-T

TSE:TECK.B

13.92
0.81 (6.18%)
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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Analysis and Opinions about TECK.B-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
May 25, 2020
He is staying clear of big mining companies. It had a nice run last year. The recovery in this stock has been very uninspiring, though. He does not think we will get back to the lofty levels of 2019. Don't look at it at a long term hold.
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He is staying clear of big mining companies. It had a nice run last year. The recovery in this stock has been very uninspiring, though. He does not think we will get back to the lofty levels of 2019. Don't look at it at a long term hold.
HOLD
HOLD
April 14, 2020
The commodity side has been, so his small holding hasn't performed for him. Chinese demand needs to return. India needs to demand, too. Look at tech stocks instead, look at the future. That said, this and other commodity stocks will bounce back, because stock prices are so cheap. Hold, even though it will feel brutal.
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The commodity side has been, so his small holding hasn't performed for him. Chinese demand needs to return. India needs to demand, too. Look at tech stocks instead, look at the future. That said, this and other commodity stocks will bounce back, because stock prices are so cheap. Hold, even though it will feel brutal.
HOLD
HOLD
March 16, 2020
This has cratered again. Doesn't know if it has hit bottom. You should be able to sit this one out.
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This has cratered again. Doesn't know if it has hit bottom. You should be able to sit this one out.
BUY WEAKNESS
BUY WEAKNESS
March 3, 2020
An entry point now? It's down 40% YTD. Good managers, but there are concerns about massive overruns in a major project (he's waiting for a budget update). The Frontier Project shouldn't have been built (https://www.teck.com/operations/canada/projects/frontier-project/frontier-project). TECK has a high-quality asset base, but weak Chinese demand remains a big cloud. Teck is seeing 4-year lows, so if you believe the virus pullback will fade, then yes, you can enter this name now. But if you expect a recession down the road, then don't.
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An entry point now? It's down 40% YTD. Good managers, but there are concerns about massive overruns in a major project (he's waiting for a budget update). The Frontier Project shouldn't have been built (https://www.teck.com/operations/canada/projects/frontier-project/frontier-project). TECK has a high-quality asset base, but weak Chinese demand remains a big cloud. Teck is seeing 4-year lows, so if you believe the virus pullback will fade, then yes, you can enter this name now. But if you expect a recession down the road, then don't.
DON'T BUY
DON'T BUY
February 26, 2020
Already owns it, so sell it during this dip? Don't buy it now during the pullback. Teck's reliance to coal could get hit hard. If you own, sit tight a little and hope things improve. It's a tough one, because it's a rollercoaster of a cyclical stock. There are better ways to compound your money.
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Already owns it, so sell it during this dip? Don't buy it now during the pullback. Teck's reliance to coal could get hit hard. If you own, sit tight a little and hope things improve. It's a tough one, because it's a rollercoaster of a cyclical stock. There are better ways to compound your money.
DON'T BUY
DON'T BUY
February 13, 2020
Highly cyclical industry. Need improvement in underlying commodity prices for the price to get back to mid-20s. So Chinese economic growth has to rebound and strengthen. Even with the price decline, she's not interested.
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Highly cyclical industry. Need improvement in underlying commodity prices for the price to get back to mid-20s. So Chinese economic growth has to rebound and strengthen. Even with the price decline, she's not interested.
SELL
SELL
February 3, 2020
A past pick. When it broke trend in mid-2019, he sold. Not good--it has long-term support at $20 and TECK has broken below it. Maybe it will bounce up. The chart looks pretty bad. Reduce exposure at the next bounce.
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A past pick. When it broke trend in mid-2019, he sold. Not good--it has long-term support at $20 and TECK has broken below it. Maybe it will bounce up. The chart looks pretty bad. Reduce exposure at the next bounce.
PAST TOP PICK
PAST TOP PICK
January 27, 2020
(A Top Pick Sep 12/19, Down 30%) It's accelerated after phase one was announced (the US-China treaty). It enjoyed a big move today. Excellent balance sheet. He likes it and will hold it. Risk/reward is pretty good. But if this doesn't inch up to $20, he will bail.
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(A Top Pick Sep 12/19, Down 30%) It's accelerated after phase one was announced (the US-China treaty). It enjoyed a big move today. Excellent balance sheet. He likes it and will hold it. Risk/reward is pretty good. But if this doesn't inch up to $20, he will bail.
DON'T BUY
DON'T BUY
January 14, 2020
The phase one signing will bring great relief to the materials and resources stocks. E-cars need a lot of copper. Teck hasn't made money for anybody in the last 16 years. He can't predict commodity and materials prices and won't bother. He prefers companies with pricing power which these sectors don't have. No, not for him.
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The phase one signing will bring great relief to the materials and resources stocks. E-cars need a lot of copper. Teck hasn't made money for anybody in the last 16 years. He can't predict commodity and materials prices and won't bother. He prefers companies with pricing power which these sectors don't have. No, not for him.
BUY WEAKNESS
BUY WEAKNESS
January 8, 2020
He thinks it is selling at a reasonable valuation. It will have to continue to meet and beat investor expectations. He doesn't see the catalyst at the moment to do that. He is not invested right now and might consider looking at it 15% lower than today.
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He thinks it is selling at a reasonable valuation. It will have to continue to meet and beat investor expectations. He doesn't see the catalyst at the moment to do that. He is not invested right now and might consider looking at it 15% lower than today.
DON'T BUY
DON'T BUY
January 3, 2020
Not a longterm buy-and-hold. It is a trading stock. He would avoid this right now. It's finding a bottom but it looks like it'll stay around where it is right now. There are other resource stocks that have a better base.
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Not a longterm buy-and-hold. It is a trading stock. He would avoid this right now. It's finding a bottom but it looks like it'll stay around where it is right now. There are other resource stocks that have a better base.
DON'T BUY
DON'T BUY
December 17, 2019
He avoids resources stocks. Too risky, though you can buy one at the bottom of the cycle then sell at the top.
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He avoids resources stocks. Too risky, though you can buy one at the bottom of the cycle then sell at the top.
PARTIAL SELL
PARTIAL SELL
December 16, 2019
Stay away. Valuations on cyclicals are a problem. Their capital allocation hasn't been great. TECK has gone boom and bust three times in recent years. If you hold it, take profits. If the economy rolls over, this is one of the first to get hit; it's a cyclical stock. True, they're diversifying, but he wouldn't be in this space now, so late in the cycle.
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Stay away. Valuations on cyclicals are a problem. Their capital allocation hasn't been great. TECK has gone boom and bust three times in recent years. If you hold it, take profits. If the economy rolls over, this is one of the first to get hit; it's a cyclical stock. True, they're diversifying, but he wouldn't be in this space now, so late in the cycle.
COMMENT
COMMENT
December 13, 2019
He's always seen Tech as metallurgical coal for making steel. What's happening in China is important. It should bounce around $20. Teck could drop and come back if there are certain economic events. Risk-reward is quite good. (Analysts’ price target is $32.00)
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He's always seen Tech as metallurgical coal for making steel. What's happening in China is important. It should bounce around $20. Teck could drop and come back if there are certain economic events. Risk-reward is quite good. (Analysts’ price target is $32.00)
DON'T BUY
DON'T BUY
November 22, 2019

A stock you could own, but he thinks copper prices are due for an adjustment. It’s going to trade based on how trade goes and the relationship with China. He thinks it will improve over time, but it is highly cyclical and sensitive to economic growth. He would treat it as a trade rather than a long term hold.

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A stock you could own, but he thinks copper prices are due for an adjustment. It’s going to trade based on how trade goes and the relationship with China. He thinks it will improve over time, but it is highly cyclical and sensitive to economic growth. He would treat it as a trade rather than a long term hold.

PAST TOP PICK
PAST TOP PICK
November 6, 2019
(A Top Pick Nov 06/18, Down 18%) He got "Trumped" on this one. The company is solid, despite the trade war issues. It will bounce back if the trade deal gets signed. China is the main market for this. He will continue to hold it.
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(A Top Pick Nov 06/18, Down 18%) He got "Trumped" on this one. The company is solid, despite the trade war issues. It will bounce back if the trade deal gets signed. China is the main market for this. He will continue to hold it.
DON'T BUY
DON'T BUY
October 28, 2019
He has an issue with the space. Given the long term picture, is this something you want to invest in? It made nobody any money in the last decade. It is not investible in his mind. It is only tradable. Maybe at the 2016 low it could be a buy but not now.
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He has an issue with the space. Given the long term picture, is this something you want to invest in? It made nobody any money in the last decade. It is not investible in his mind. It is only tradable. Maybe at the 2016 low it could be a buy but not now.
WATCH
WATCH
October 22, 2019
All commodity stocks feel the trade war's impact. Teck has become a lot more dependent on coal. They also feel pressure on commodities and the general economic slowdown. It trades at a good 3-4x multiple. Doesn't pay a dividend; maybe they want to deploy capital elsewhere which is fine. You can consider this, though wishes it was a little cheaper. Around $20, you can make money on this for the next few years.
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All commodity stocks feel the trade war's impact. Teck has become a lot more dependent on coal. They also feel pressure on commodities and the general economic slowdown. It trades at a good 3-4x multiple. Doesn't pay a dividend; maybe they want to deploy capital elsewhere which is fine. You can consider this, though wishes it was a little cheaper. Around $20, you can make money on this for the next few years.
TOP PICK
TOP PICK
October 18, 2019
An example of where past support in 2017 is making this low risk. An excellent balance sheet and improving operational metrics. He thinks it is difficult for competitors to bring on new copper production. A break below $19.25 on a month or weekly basis would mean bigger problems are coming. Yield 0.91%. (Analysts’ price target is $34.75)
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An example of where past support in 2017 is making this low risk. An excellent balance sheet and improving operational metrics. He thinks it is difficult for competitors to bring on new copper production. A break below $19.25 on a month or weekly basis would mean bigger problems are coming. Yield 0.91%. (Analysts’ price target is $34.75)
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.
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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.
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.
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It's had a wild ride. He doesn't follow them. The market has under-invested in energy. You can do worse than Teck.
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.
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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.
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.

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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.

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.
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(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.
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)
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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)
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.
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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.
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)
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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)
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.
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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.
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).
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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).
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.
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They owned it, but got a technical sell on it. The declines can often be really severe. So they sold and switched into gold.
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.

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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.

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.
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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.
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.
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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.
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.
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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.
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.
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(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.
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)
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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)
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)
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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)
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.
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(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.
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)
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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)
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.
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(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.