Teck Resources Ltd. (B) (TECK.B-T) Stock Predictions - Stockchase
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Teck Resources Ltd. (B) (TECK.B-T)

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Teck Resources Ltd. (B)

TECK.B-T

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Teck Resources Ltd. (B) (TECK.B-T) SAVE Jan, 19, 2019, 1:39 am

30.63 0.15 (0.49%)

About Teck Resources Ltd. (B) (TECK.B-T)

Teck Resources Limited known as Teck Cominco until late 2008, is a Canadian metals and mining company. Canada's largest diversified resources company, it was formed from the amalgamation of Teck and Cominco in 2001. More at Wikipedia

What the experts are saying about TECK.B-T



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Signal Opinion Expert
DON'T BUY
He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00)
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He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00)
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Norman Levine

Managing D, Portfolio Management...

Price Price
$30.630
Owned Owned
No

PARTIAL BUY
In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it.
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In a good position now. Commodity companies valuations and multiples are very low. But ask what is the stability of earnings. TECK is well positioned, balance sheet's in better shape. Good exposure to copper and coal. Multiples are attractive enough that long-term investors can start to chip away at it.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$30.000
Owned Owned
Unknown

TOP PICK
It has the best chart of all the base metals. We are chewing though the resistance from the downtrend in November. It has an excellent balance sheet. (Analysts’ price target is $40.92)
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It has the best chart of all the base metals. We are chewing though the resistance from the downtrend in November. It has an excellent balance sheet. (Analysts’ price target is $40.92)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$30.180
Owned Owned
Yes

COMMENT
Hudbay vs Teck. These are two different companies. Teck being more focused on coal, copper and zinc. Hudbay is more copper and zinc. He would prefer Teck. As these do not provide any yield, he does not stay on top of these ones. He would stay on the sidelines for these given the trade issues globally. The next Presidential election will likely help define the future -- it will be uncertain until then. China will continue to be a big consumer and supply is being curtailed at these low commodity prices. The inventory situation will be improving over time, but it is still too early.
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Hudbay vs Teck. These are two different companies. Teck being more focused on coal, copper and zinc. Hudbay is more copper and zinc. He would prefer Teck. As these do not provide any yield, he does not stay on top of these ones. He would stay on the sidelines for these given the trade issues globally. The next Presidential election will likely help define the future -- it will be uncertain until then. China will continue to be a big consumer and supply is being curtailed at these low commodity prices. The inventory situation will be improving over time, but it is still too early.
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Dennis da Silva

Managing D, Middlefield Capital ...

Price Price
$30.210
Owned Owned
No

DON'T BUY
Industrial commodities, which are linked to growth in EM and China, which is slowing down. So that's why copper prices are plumbing lows, and gold is lukewarm. Until global production has bottomed or is accelerating, he'd be wary of buying a deep cyclical like this one.
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Industrial commodities, which are linked to growth in EM and China, which is slowing down. So that's why copper prices are plumbing lows, and gold is lukewarm. Until global production has bottomed or is accelerating, he'd be wary of buying a deep cyclical like this one.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$30.210
Owned Owned
No

BUY
They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it.
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They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it.
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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$29.390
Owned Owned
Yes

TOP PICK
Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86)
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Great balance sheet. How the US-China trade war resolves will have a huge effect on TECK. If it breaks above $32, then it could revisit $40. Almost $2 billion in free cash flow. Strong upside potential from $40-60 if it breaks through. (Analysts’ price target is $39.86)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$29.140
Owned Owned
Yes

DON'T BUY
Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out.
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Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$29.320
Owned Owned
No

DON'T BUY
It's exposed to cyclical, industrial commodities. TECK produces metallurgical coal, steel and copper. They also have a stake in the Ft. Hills Oil Sands project. All these are tied to industrial production. World demand for these commodities could decrease in 2019. Given TECK's operating leverage, a 1-2% move in commodity prices could hurt their earnings 5-10%.
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It's exposed to cyclical, industrial commodities. TECK produces metallurgical coal, steel and copper. They also have a stake in the Ft. Hills Oil Sands project. All these are tied to industrial production. World demand for these commodities could decrease in 2019. Given TECK's operating leverage, a 1-2% move in commodity prices could hurt their earnings 5-10%.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$28.780
Owned Owned
Unknown

DON'T BUY
Volatile. You gotta be brave to invest in this. It's 100% dependent on commodity prices. He doesn't like that. He owns no minerals.
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Volatile. You gotta be brave to invest in this. It's 100% dependent on commodity prices. He doesn't like that. He owns no minerals.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$25.790
Owned Owned
No

WAIT
This is a tough case. He likes the company and the results have been good. It looks quite cheap. The underlying commodities, zinc and copper, are just so low. He would be more comfortable if there was firming in the commodity pricing.
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This is a tough case. He likes the company and the results have been good. It looks quite cheap. The underlying commodities, zinc and copper, are just so low. He would be more comfortable if there was firming in the commodity pricing.
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Matt Kacur

President, FSA Financial Scienc...

Price Price
$26.630
Owned Owned
No

TOP PICK
Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04)
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Best risk-to-reward in the metal companies. Had $1.5 billion in cash. Trading at 3x enterprise value vs. peers at 5.7x. Its growing copper business will accelerate in the next year as it lowers costs. It's had a good move over the past two years. It's held very well in this space. Seasonality is in its favour, too. It's in a bullish pattern and it will be great if it breaks above $38. (Analysts’ price target is $40.04)
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$27.290
Owned Owned
Yes

TOP PICK
He hasn't been in materials for a long time, so this holding is new for him. TECK is in coal which is stable because they sell it to the Japanese who are long-term buyers. TECK is also in copper and the Oil Sands. Prices will be okay for oil. They've added a lot debt to the balance sheet, but he bought it because they're paying it off and can manage it. The materials cycle will start again; he's confident the tariff situation will resolve itself soon. It's had a big pullback. but boasts a clean balance sheet while earnings will grow. Emerging markets will turn around. (Analysts’ price target is $40.17)
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He hasn't been in materials for a long time, so this holding is new for him. TECK is in coal which is stable because they sell it to the Japanese who are long-term buyers. TECK is also in copper and the Oil Sands. Prices will be okay for oil. They've added a lot debt to the balance sheet, but he bought it because they're paying it off and can manage it. The materials cycle will start again; he's confident the tariff situation will resolve itself soon. It's had a big pullback. but boasts a clean balance sheet while earnings will grow. Emerging markets will turn around. (Analysts’ price target is $40.17)
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$27.610
Owned Owned
Yes

BUY
He sold it, and did well with it. Very well-run. But he's afraid of the outlook of many materials though. If materials sell-off, he'll buy this. Quality people and deposits.
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He sold it, and did well with it. Very well-run. But he's afraid of the outlook of many materials though. If materials sell-off, he'll buy this. Quality people and deposits.
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Rick Rule

Pres. & C, Sprott USA...

Price Price
$27.610
Owned Owned
No

COMMENT
They are integrated in the core part of global growth. The global growth story is slowing down. Growth over the last decade has been all fueled by debt. It does not mean we may not get a cyclical trade as China steps on the gas. Maybe you can get a trading rally. Analysts are 80% positive. (Analysts’ price target is $40.17)
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They are integrated in the core part of global growth. The global growth story is slowing down. Growth over the last decade has been all fueled by debt. It does not mean we may not get a cyclical trade as China steps on the gas. Maybe you can get a trading rally. Analysts are 80% positive. (Analysts’ price target is $40.17)
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$27.740
Owned Owned
No

WATCH
It is one of the higher quality names in the copper space. There will be choppiness ahead in the short term until we find the low and then it is positioned well to move higher.
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It is one of the higher quality names in the copper space. There will be choppiness ahead in the short term until we find the low and then it is positioned well to move higher.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$27.940
Owned Owned
Yes

WAIT

Nov. 26 is when you want to enter that sector.  He would wait because it is in a downward trend.  It has negative momentum.

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Nov. 26 is when you want to enter that sector.  He would wait because it is in a downward trend.  It has negative momentum.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$24.830
Owned Owned
Unknown

WAIT

This name is quite volatile.  Would prefer to buy it when it is back on the upswing.  This is probably the only mining name he would own in Canada.  It is well run with a diverse asset base.  It is probably oversold at current levels.  He likes the company and the space.

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This name is quite volatile.  Would prefer to buy it when it is back on the upswing.  This is probably the only mining name he would own in Canada.  It is well run with a diverse asset base.  It is probably oversold at current levels.  He likes the company and the space.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$24.830
Owned Owned
No

DON'T BUY

It's late cycle for TECK and related minerals  companies. He owns very little in this space because he doesn't see upside. TECK itself is a good company.

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It's late cycle for TECK and related minerals  companies. He owns very little in this space because he doesn't see upside. TECK itself is a good company.

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Michael Decter

President , Lawrence Decter Inve...

Price Price
$31.490
Owned Owned
No

BUY

A declining US dollar would be good for copper.  This would be the safest place to make an entry into base metals.  This is a good spot to be.

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A declining US dollar would be good for copper.  This would be the safest place to make an entry into base metals.  This is a good spot to be.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$30.720
Owned Owned
Yes

WATCH

He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.  

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He is very neutral right now, but would become a buyer in the $20 range. There is risk to a global China tariff war.  

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$31.100
Owned Owned
No

WEAK BUY

He thinks now is a good time to get half your position in.  Most material stocks have not acted well this year.  Late cycle in the bull trend, he thinks commodities will get another year or two of potential upside.  He is watching this one right now.  

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He thinks now is a good time to get half your position in.  Most material stocks have not acted well this year.  Late cycle in the bull trend, he thinks commodities will get another year or two of potential upside.  He is watching this one right now.  

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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$31.280
Owned Owned
No

PAST TOP PICK

(A Top Pick June 27/17 Up 52%) The commodity cycle has come back and the dividend is great.  Still a cheap stock relative to its US peers.  At some point they will buy more, if the share price drops.  Copper is short and the company is making good cash flow as global demand continues to grow in India and China. 

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(A Top Pick June 27/17 Up 52%) The commodity cycle has come back and the dividend is great.  Still a cheap stock relative to its US peers.  At some point they will buy more, if the share price drops.  Copper is short and the company is making good cash flow as global demand continues to grow in India and China. 

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$31.880
Owned Owned
Yes

TOP PICK

One of the strongest base metal names. If it gets below $28 then something bigger is happening in the world.  (0.7% yield, $41.40 analysts' price target)

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One of the strongest base metal names. If it gets below $28 then something bigger is happening in the world.  (0.7% yield, $41.40 analysts' price target)

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$30.560
Owned Owned
Yes

DON'T BUY

Canada's go-to mining stock and a relatively stable one. It has survived a rough period of acqusition/heavy leverage/stock sell-off. Market sentiment towards mining overall remains weak (and he prefers the oil sector), so he holds little mining.

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Canada's go-to mining stock and a relatively stable one. It has survived a rough period of acqusition/heavy leverage/stock sell-off. Market sentiment towards mining overall remains weak (and he prefers the oil sector), so he holds little mining.

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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$29.300
Owned Owned
No

WATCH

Optimal hold from November 20 to February 14. Moving averages curling over. Don’t get excited yet. Wait for a better entry point. (Analysts’ price target is around $41)

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Optimal hold from November 20 to February 14. Moving averages curling over. Don’t get excited yet. Wait for a better entry point. (Analysts’ price target is around $41)

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Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$29.410
Owned Owned
Unknown

WEAK BUY

He's between a buy and hold. The biggest headwind for commodities has been the U.S. dollar which he expects to peak soon then decline. Metallurgical coal prices are hanging in better. Teck has used the m-coal boom of the last few years to pay down their debt. Now, their balance sheet is strong and they have decent cash flow. This is one of the better stories in large-cap materials stocks.

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He's between a buy and hold. The biggest headwind for commodities has been the U.S. dollar which he expects to peak soon then decline. Metallurgical coal prices are hanging in better. Teck has used the m-coal boom of the last few years to pay down their debt. Now, their balance sheet is strong and they have decent cash flow. This is one of the better stories in large-cap materials stocks.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$30.750
Owned Owned
Unknown

BUY on WEAKNESS

Uptrend during 2016, a pullback in 2017, then another uptrend since mid-2017, though a slight downtrend this year. It's starting to look attractive now. He would add on weakness here.

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Uptrend during 2016, a pullback in 2017, then another uptrend since mid-2017, though a slight downtrend this year. It's starting to look attractive now. He would add on weakness here.

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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$29.490
Owned Owned
Unknown

DON'T BUY

This is the best mining company in Canada to be in because most of its assets are in North America. This provides relative political stability. The problem is that commodity prices are not currently doing well, and investors should only want to own miners when their commodities are going up or stable, or when the prices are in the pits and people are giving the stocks away.

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This is the best mining company in Canada to be in because most of its assets are in North America. This provides relative political stability. The problem is that commodity prices are not currently doing well, and investors should only want to own miners when their commodities are going up or stable, or when the prices are in the pits and people are giving the stocks away.

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Norman Levine

Managing D, Portfolio Management...

Price Price
$31.180
Owned Owned
No

WATCH

Solid company. This will be really good to buy when copper bottoms. Copper has been pulling back. Don't buy now, but watch it.

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Solid company. This will be really good to buy when copper bottoms. Copper has been pulling back. Don't buy now, but watch it.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$31.180
Owned Owned
No

BUY on WEAKNESS

Mining companies are difficult.  There is going to be high demand for it.  If he was looking at a mining company this is the one he would look at.

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Mining companies are difficult.  There is going to be high demand for it.  If he was looking at a mining company this is the one he would look at.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$32.520
Owned Owned
No

HOLD

He put it in his model portfolio this year.  He thought it would get through $38 and make it to $64.  The fair market value is huge.  Unfortunately resource stocks tend to be cheapest at market tops.  It has a nice balance sheet and he thinks the value is there.

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He put it in his model portfolio this year.  He thought it would get through $38 and make it to $64.  The fair market value is huge.  Unfortunately resource stocks tend to be cheapest at market tops.  It has a nice balance sheet and he thinks the value is there.

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$33.010
Owned Owned
Yes

HOLD

There has been a tail wind in the commodity sector as of late.  They have done a great job to deleverage their business.  As China slows down this could cause some issues.  It is fairly valued here.

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There has been a tail wind in the commodity sector as of late.  They have done a great job to deleverage their business.  As China slows down this could cause some issues.  It is fairly valued here.

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$33.820
Owned Owned
No

DON'T BUY

He owns mining companies only once a decade because he cannot forecast the price of resources.  Also, miners tend to start to invest with cash flow whenever the commodity price goes up so when it goes down again they get saddled with it.

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He owns mining companies only once a decade because he cannot forecast the price of resources.  Also, miners tend to start to invest with cash flow whenever the commodity price goes up so when it goes down again they get saddled with it.

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Tim Regan

Managing D, Kingwest & Company...

Price Price
$32.080
Owned Owned
No

HOLD

The sector has been consolidating, but the basic materials should participate in the next move higher.  They have a great collection of assets to participate in the next move up.  He would first like to see a move higher before jumping in, particularly in the base metal prices.  

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The sector has been consolidating, but the basic materials should participate in the next move higher.  They have a great collection of assets to participate in the next move up.  He would first like to see a move higher before jumping in, particularly in the base metal prices.  

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David Burrows

President , Barometer Capital Ma...

Price Price
$32.960
Owned Owned
No

COMMENT

He believes in a future commodoties play and feels this stock will return to old highs. This is a trade, not a hold, because the sector is so cyclical.

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He believes in a future commodoties play and feels this stock will return to old highs. This is a trade, not a hold, because the sector is so cyclical.

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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$32.960
Owned Owned
No

COMMENT

You have to wait a while like 3-5 years to see how trade patterns will shake out. This is being--and will be--impacted by tariffs and trade wars. Commodities in general are entering a volatile period. Long-term, Teck is a good company
and has improved over the years. They're well-diversified across copper and coal.

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You have to wait a while like 3-5 years to see how trade patterns will shake out. This is being--and will be--impacted by tariffs and trade wars. Commodities in general are entering a volatile period. Long-term, Teck is a good company
and has improved over the years. They're well-diversified across copper and coal.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$31.970
Owned Owned
Unknown

SPECULATIVE BUY

Base metals could benefit from any trade war positive news and could see a $7-$8 move quickly, which would test resistance near $39.  Seasonality is working against the base metals at the moment until October.  He likes this as a good long term risk-reward, but it could potentially re-test the $22 range.  

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Base metals could benefit from any trade war positive news and could see a $7-$8 move quickly, which would test resistance near $39.  Seasonality is working against the base metals at the moment until October.  He likes this as a good long term risk-reward, but it could potentially re-test the $22 range.  

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$32.450
Owned Owned
Yes

DON'T BUY

Is the metal run over? Full-scale tariff war will make the world economy and the metals suffer. Don’t want to be in metals if there’s a recession in 2019. Has a big coal component, which world is moving away from. Reasonably priced, but not a lot of upside. (Analysts’ price target is $42.24.)

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Is the metal run over? Full-scale tariff war will make the world economy and the metals suffer. Don’t want to be in metals if there’s a recession in 2019. Has a big coal component, which world is moving away from. Reasonably priced, but not a lot of upside. (Analysts’ price target is $42.24.)

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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$33.450
Owned Owned
Unknown

TOP PICK

It is a contrarian value play.  They took on a lot of debt and made too many acquisitions last cycle but now they are not and it does not look that bad.  This is a cash machine and they will return cash to shareholders.  He thinks there will be a special dividend at some point.  (Analysts’ target: $42.06).

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It is a contrarian value play.  They took on a lot of debt and made too many acquisitions last cycle but now they are not and it does not look that bad.  This is a cash machine and they will return cash to shareholders.  He thinks there will be a special dividend at some point.  (Analysts’ target: $42.06).

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$32.530
Owned Owned
Yes

DON'T BUY

He has owned this twice and they have traded it poorly both times, he says. It is a great resource company when the underlying commodity prices are doing well. Unfortunately copper is now at a 9 month low and coal could be being impacted by the trade concerns. Zinc is at a 52 week low, too. (Analysts’ price target is $32)

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He has owned this twice and they have traded it poorly both times, he says. It is a great resource company when the underlying commodity prices are doing well. Unfortunately copper is now at a 9 month low and coal could be being impacted by the trade concerns. Zinc is at a 52 week low, too. (Analysts’ price target is $32)

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Norman Levine

Managing D, Portfolio Management...

Price Price
$32.500
Owned Owned
No

DON'T BUY

They generate a lot of excess cash. Coal has traded in the 250 + range for a period of time. These guys produce 24 million tons a year. That was a bonus. Copper price has been sloppy lately. Global growth is slowing. That is putting a pall on the base metals in general. Balance sheet is strong. He wouldn’t be putting money here now. 

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They generate a lot of excess cash. Coal has traded in the 250 + range for a period of time. These guys produce 24 million tons a year. That was a bonus. Copper price has been sloppy lately. Global growth is slowing. That is putting a pall on the base metals in general. Balance sheet is strong. He wouldn’t be putting money here now. 

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$32.700
Owned Owned
No

COMMENT

The problem lies with China. He doesn’t know what is going on with China. The market is pricing the risk of a recession next month. If that doesn’t happen, the stock will fly.

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The problem lies with China. He doesn’t know what is going on with China. The market is pricing the risk of a recession next month. If that doesn’t happen, the stock will fly.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$33.190
Owned Owned
No

BUY

Diversified in a number of metals, including copper, zinc and met coal. Stock has pulled back recently, as all base metals have based on EM and China weakness. Strong balance sheet, strong cash flow. Conservative way to participate in these areas. (Analyst's price target is $41.)

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Diversified in a number of metals, including copper, zinc and met coal. Stock has pulled back recently, as all base metals have based on EM and China weakness. Strong balance sheet, strong cash flow. Conservative way to participate in these areas. (Analyst's price target is $41.)

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$34.960
Owned Owned
Yes

BUY on WEAKNESS

The company has gone from simply a coal producer and then to a metallurgical coal producer and now by Q4 Fort Hills will come on stream with copper, coal and energy.  Nice transformation in the company.  There is a hiccup in all the commodities today.  The 10 year bond is looking like it will break 290.  He is surprised how well the market is behaving today.  He would be a buyer on a pull back.

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The company has gone from simply a coal producer and then to a metallurgical coal producer and now by Q4 Fort Hills will come on stream with copper, coal and energy.  Nice transformation in the company.  There is a hiccup in all the commodities today.  The 10 year bond is looking like it will break 290.  He is surprised how well the market is behaving today.  He would be a buyer on a pull back.

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Frank Mersch

Portfolio , Jamekk Capital Manag...

Price Price
$35.430
Owned Owned
Unknown

DON'T BUY

This is a good trading stock in his opinion.  It moves aggressively with good breakouts.  If it breaks the current consolidation above $39, it would be bullish.  It is in a consolidation presently and would sell if it takes out the support near $30.  He ranks it as a 5 out of 10.  (Analysts’ price target is $42)

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This is a good trading stock in his opinion.  It moves aggressively with good breakouts.  If it breaks the current consolidation above $39, it would be bullish.  It is in a consolidation presently and would sell if it takes out the support near $30.  He ranks it as a 5 out of 10.  (Analysts’ price target is $42)

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$38.120
Owned Owned
No

BUY

Has a cup-and-handle chart. Buyers are willing to pay top prices--they're confident in this stock. However, sellers aren't in a rush to sell. A very bullish chart that should continue to go higher.

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Has a cup-and-handle chart. Buyers are willing to pay top prices--they're confident in this stock. However, sellers aren't in a rush to sell. A very bullish chart that should continue to go higher.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$37.330
Owned Owned
Unknown

COMMENT

It's the biggest cap mineral company in Canada. Its zinc business is good, but they need to invest in copper to expand capacity. It's cheap at a low PE of less than 8x forward earnings. If the market tumbles, this will plunge, though he doesn't see it falling back to $5.

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It's the biggest cap mineral company in Canada. Its zinc business is good, but they need to invest in copper to expand capacity. It's cheap at a low PE of less than 8x forward earnings. If the market tumbles, this will plunge, though he doesn't see it falling back to $5.

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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$35.120
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick May 30, 2017. Up 36%). Despite their problems, oil companies and mining companies still produce a lot of cash. When things go slower, these companies stop investing (lower CAPEX) and their free cash flow goes up more. He anticipated last year that with all that free cash flow, people would start buying the stock. This company has had a good run this year, but he expects the price to keep rising, so he is still long. Some of the other commodities will not do as well in the future, but he think zinc has life left.

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(A Top Pick May 30, 2017. Up 36%). Despite their problems, oil companies and mining companies still produce a lot of cash. When things go slower, these companies stop investing (lower CAPEX) and their free cash flow goes up more. He anticipated last year that with all that free cash flow, people would start buying the stock. This company has had a good run this year, but he expects the price to keep rising, so he is still long. Some of the other commodities will not do as well in the future, but he think zinc has life left.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$32.970
Owned Owned
Yes

HOLD

All these late stage cyclical stocks should be moving, but they are not.  It has a model price of $81, compared to current closing near $32.  There is some speculation that the Chinese market may slow briefly, but only to ramp back up by 2020-2022 with leadership reviews.  If you own it, hold it. 

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All these late stage cyclical stocks should be moving, but they are not.  It has a model price of $81, compared to current closing near $32.  There is some speculation that the Chinese market may slow briefly, but only to ramp back up by 2020-2022 with leadership reviews.  If you own it, hold it. 

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$31.850
Owned Owned
No

HOLD

Question: When the company reported earnings today, why did it trade up and then dropped significantly. Answer: This type of action often reflects reactions to the conference call. He did not listen to the conference call today. The published reports indicate that it had a pretty good quarter. This is a well-run company with a diversified set of resource plays in Canada. It has a strong balance sheet and trades at a good multiple. If you like that kind of business, this is a good company.

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Question: When the company reported earnings today, why did it trade up and then dropped significantly. Answer: This type of action often reflects reactions to the conference call. He did not listen to the conference call today. The published reports indicate that it had a pretty good quarter. This is a well-run company with a diversified set of resource plays in Canada. It has a strong balance sheet and trades at a good multiple. If you like that kind of business, this is a good company.

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Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$32.760
Owned Owned
Yes

HOLD

He thinks a strong global market and commodity price recovery will allow you to continue to hold it.  Yield 0.6%. 

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He thinks a strong global market and commodity price recovery will allow you to continue to hold it.  Yield 0.6%. 

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Don Lato

President, Padlock Investment M...

Price Price
$33.990
Owned Owned
No

WATCH

It seems too expensive today – he would have preferred to own it at $25.  From a risk-reward perspective he would look elsewhere.  He owns Cameco (CCO-T) instead as he prefers companies out of favour. 

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It seems too expensive today – he would have preferred to own it at $25.  From a risk-reward perspective he would look elsewhere.  He owns Cameco (CCO-T) instead as he prefers companies out of favour. 

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$33.580
Owned Owned
No

BUY

He doesn’t own it. They have a Brazilian company in the portfolio now called Vale SA (VALE-N). Materials do well in this later stage of the cycle. Copper is doing well. (Analysts’ price target is $42)

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He doesn’t own it. They have a Brazilian company in the portfolio now called Vale SA (VALE-N). Materials do well in this later stage of the cycle. Copper is doing well. (Analysts’ price target is $42)

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Stan Wong

Director &, Private Wealth Manag...

Price Price
$32.900
Owned Owned
No

BUY

Sees an increase in the share price. Likes this one. Copper has had a hell of a year. Teck is well-diversified and also a good play in the Oil Sands. Has a $42 target. A good way to start playing the base metals. Really likes it for its diversification. 7x foward earnings.

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Sees an increase in the share price. Likes this one. Copper has had a hell of a year. Teck is well-diversified and also a good play in the Oil Sands. Has a $42 target. A good way to start playing the base metals. Really likes it for its diversification. 7x foward earnings.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$33.000
Owned Owned
Yes

HOLD

We are seeing a really nice breakout.  There is a level of resistance in the low to mid-30’s.  This could be setting up for a double top.  You don’t want to see that second low broken for more than a few days.  There is danger on the chart but he will not call it a sell yet.  Give it a few days.

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We are seeing a really nice breakout.  There is a level of resistance in the low to mid-30’s.  This could be setting up for a double top.  You don’t want to see that second low broken for more than a few days.  There is danger on the chart but he will not call it a sell yet.  Give it a few days.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$32.810
Owned Owned
Unknown

COMMENT

Benefitted a lot from the surprise high coking coal price, resulting in strong levels of cash flow. He doesn't see a collapse in this stock, but wouldn't pursue it aggressively. Copper price has been slipping due to worries about global growth. He doesn't see a big rebound here. They might raise their dividend of 0.6%. 7x forward earnings.

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Benefitted a lot from the surprise high coking coal price, resulting in strong levels of cash flow. He doesn't see a collapse in this stock, but wouldn't pursue it aggressively. Copper price has been slipping due to worries about global growth. He doesn't see a big rebound here. They might raise their dividend of 0.6%. 7x forward earnings.

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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$33.250
Owned Owned
Unknown

BUY

Key asset is growth in China, with 50% of their business selling coking coal across Asia, but their marginal price is set by China. There've been strong prices lately as China cuts back on its own coking coal production to reduce pollution. Teck will do fine short term.

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Key asset is growth in China, with 50% of their business selling coking coal across Asia, but their marginal price is set by China. There've been strong prices lately as China cuts back on its own coking coal production to reduce pollution. Teck will do fine short term.

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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$34.670
Owned Owned
Unknown

HOLD

Technically he thinks key support near $28 must hold. He thinks we are in an up channel presently, but that would end if it fails to hold key support. 

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Technically he thinks key support near $28 must hold. He thinks we are in an up channel presently, but that would end if it fails to hold key support. 

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$34.590
Owned Owned
Unknown

BUY

We are late in the cycle here.  The US dollar is sliding.  This should be good for these companies.  They had a good move over the last year and a half.  The environment should continue to be good for these guys but a recession is just around the corner.  It is a good idea if you are looking for this exposure in your portfolio.

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We are late in the cycle here.  The US dollar is sliding.  This should be good for these companies.  They had a good move over the last year and a half.  The environment should continue to be good for these guys but a recession is just around the corner.  It is a good idea if you are looking for this exposure in your portfolio.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$34.090
Owned Owned
Unknown

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