Teck Resources Ltd. (B)

TECK.B-T

TSE:TECK.B

14.51
0.20 (1.40%)
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
WATCH
WATCH
August 31, 2018

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)

WEAK BUY
WEAK BUY
August 27, 2018

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.

BUY WEAKNESS
BUY WEAKNESS
August 21, 2018

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.

DON'T BUY
DON'T BUY
August 14, 2018

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.

WATCH
WATCH
August 14, 2018

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.

BUY WEAKNESS
BUY WEAKNESS
August 9, 2018

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.

HOLD
HOLD
July 30, 2018

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.

HOLD
HOLD
July 27, 2018

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.

DON'T BUY
DON'T BUY
July 19, 2018

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.

HOLD
HOLD
July 18, 2018

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.

COMMENT
COMMENT
July 18, 2018

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.

COMMENT
COMMENT
July 16, 2018

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.

SPECULATIVE BUY
SPECULATIVE BUY
July 13, 2018

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.

DON'T BUY
DON'T BUY
July 6, 2018

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.)

TOP PICK
TOP PICK
July 5, 2018

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).

DON'T BUY
DON'T BUY
July 4, 2018

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)

DON'T BUY
DON'T BUY
June 28, 2018

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.

COMMENT
COMMENT
June 26, 2018

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.

BUY
BUY
June 19, 2018

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.)

BUY WEAKNESS
BUY WEAKNESS
June 15, 2018

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.

DON'T BUY
DON'T BUY
June 6, 2018

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)

BUY
BUY
June 5, 2018

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.

COMMENT
COMMENT
May 30, 2018

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.

PAST TOP PICK
PAST TOP PICK
May 8, 2018

(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.

HOLD
HOLD
April 25, 2018

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.

HOLD
HOLD
April 24, 2018

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.

HOLD
HOLD
April 20, 2018

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%.

WATCH
WATCH
April 13, 2018

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.

BUY
BUY
April 12, 2018

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)

BUY
BUY
April 3, 2018

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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