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Teck Resources Ltd. (B) (TECK.B-T) opinion on 2017-08-08

Last Price Recorded: 30.6700 on 2017-12-13

ON STOCKCHASE SINCE Jan 2001

precious metals
precious metals
BUY on WEAKNESS

Lyle Stein
Teck Resources Ltd. (B) was $29.060 at time of opinion
Owned : Yes

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.

UNKNOWN

All opinions for TECK.B-T (1454)

336 BUY
88 BUY on WEAKNESS
213 COMMENT
263 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 (1454)

336 BUY
88 BUY on WEAKNESS
213 COMMENT
263 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

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Add TECK.B-T to Watch List

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