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Teck Resources Ltd. (B) (TECK.B-T) opinion on 2017-03-20

Last Price Recorded: 29.5200 on 2017-11-23

ON STOCKCHASE SINCE Jan 2001

precious metals
COMMENT

Lyle Stein
Teck Resources Ltd. (B) was $28.580 at time of opinion
Owned : Yes

This was the star of 2016, but has softened as met coal prices retreat from $300 to $150 a ton. What is not being factored in is that zinc prices continue to hit close to 5 year highs. Copper prices have fallen in the last little while, but are much higher than they were a year ago. It is generating incredible amounts of cash flow. Debt went down by $1 billion in Q4, and will probably do the same in Q1 of this year. At this price, you get upside optionality. You’ve got a much cleaner, better, safer company in which to invest. He bought more at under $28.

CAUTIOUS

All opinions for TECK.B-T (1450)

336 BUY
88 BUY on WEAKNESS
210 COMMENT
262 DON'T BUY
146 HOLD
11 PARTIAL BUY
11 PARTIAL SELL
80 PAST TOP PICK
49 SELL
3 SELL ON STRENGTH
8 SPECULATIVE BUY
9 STRONG BUY
116 TOP PICK
8 VAGUE
64 WAIT
29 WATCH
20 WEAK BUY
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All opinions for TECK.B-T (1450)

336 BUY
88 BUY on WEAKNESS
210 COMMENT
262 DON'T BUY
146 HOLD
11 PARTIAL BUY
11 PARTIAL SELL
80 PAST TOP PICK
49 SELL
3 SELL ON STRENGTH
8 SPECULATIVE BUY
9 STRONG BUY
116 TOP PICK
8 VAGUE
64 WAIT
29 WATCH
20 WEAK BUY
View All

More experts covering TECK.B-T

SAVE
Add TECK.B-T to Watch List

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