Teck Resources Limited (USA)

  • The Met Coal Industry Isn’t Just Playing Dead

    By Gretchen Stone - August 6, 2013 | Tickers: ACI, BHP, TCK

    Companies like Arch Coal (NYSE: ACI) had touted metallurgical coal as their darling savior, but the industry must face a deceptive truth: increased steel demand won’t equal increased met coal prices. That spells big trouble for the met coal market, and American producers in particular.

    Metallurgical coal is a main component in producing steel, and steel demand is expected to grow by 3% this year, according to steelmaking giant more »

  • 3 Miners Trying Different Strategies to Grow Their Business

    By Madhukar Dubey - August 2, 2013 | Tickers: BHP, RIO, TCK

    According to PricewaterhouseCoopers, the capital spending of top 40 miners is estimated to be $110 billion this year, down 13% from last year. This decrease in capital spending is because of the slowdown in global economic growth. In addition, the demand from China, which consumes 40% of the world’s total ores and metals, is not much of a bright spot. However, the companies are optimistic about the growth of more »

  • 5 Stocks Sell-Side Analysts Believe Will Turn Around

    By Meena Krishnamsetty - July 2, 2013 | Tickers: APOL, ABX, CLF, RAM, TCK

    Even with the market as a whole doing well over the last year, a number of stocks have seen significant declines in their stock prices. While this is at least in part due to poor company performance, it’s also possible for the markets to get carried away. While there are a number of ways to measure value (or potential value), one technique is to look at the forward price-to-earnings more »

  • Should We Follow Mohnish Pabrai Into Horsehead?

    By Anh HOANG - June 28, 2013 | Tickers: ZINC, TCK, ECOL

    Mohnish Pabrai, the famous value investor, is managing more than $340 million in total asset under management. Interestingly, he held a concentrated portfolio of only six stocks. Since June 21, he has begun to add Horsehead Holding Corp (NASDAQ: ZINC) continuously to his holdings to own nearly 2.1 million shares in the company. At the time of writing, Horsehead accounted for around 6.7% of his total portfolio. Let more »

  • Buy This Coal Producer Yielding 6.7% With 47% Upside

    By Peter Epstein - June 26, 2013 | Tickers: ARLP, CLF, TCK, WLT

    Master Limited Partnership Alliance Resource Partners LP (NASDAQ: ARLP) is down 12% from its recent high unit price of $78.5. At today's price of about $68, the units are yielding 6.6%, which is superb for a coal producer. Superb that is, if the distribution is not at risk of being cut. Not only is Alliance's distribution safe, it has risen at a compound annual growth rate more »

  • China Burns Half of World's Coal - Good or Bad for U.S. Producers?

    By Peter Epstein - June 17, 2013 | Tickers: ACI, BHP, CLD, TCK

    According to a new report, "BP's 2013 Statistical Review of World Energy," China consumed just over half of the total coal burned on the planet in 2012. Consumption was up 6.1% for the year: 

    "The Asia Pacific region, which includes China, India, South Korea, Japan and Australia, accounted for nearly 70% of the world's coal use in 2012. China alone accounted for more than 50% of global more »

  • These Three Miners Could Offer Good Future Returns

    By Rupert Hargreaves - May 22, 2013 | Tickers: HL, SWC, TCK

    As I do most of my trading and investing on the London Stock Exchange, I like to think that I know something about resource stocks; after-all, London is the preferred place for resource companies to list in the world, and a significant part of my portfolio is composed of miners and mining equipment company's.

    The problem is that, with the commodity market stuck in a bear market, resource stocks more »

  • Teck Resources -- The Good and the Not So Good

    By Peter Epstein - May 1, 2013 | Tickers: BHP, RIO, TCK

    Teck Resources (NYSE: TCK) has very attractive assets, but not without moderate risk. It will be a prime beneficiary of the rebound in demand for coking coal and copper, timing unknown. However, in the short term, Teck faces many of the same headwinds as peers like BHP Billiton (NYSE: BHP) and Rio Tinto, (NYSE: RIO). Teck has a solid balance sheet to get through the current challenging markets. Over time more »

  • Iron Ore Producers' Outlook Remains Bleak

    By Peter Epstein - April 11, 2013 | Tickers: AMI, CLF, FMG, LOND, TCK

    As I’ve posted from time to time over the past few months, iron ore prices are under pressure. Morgan Stanley is the latest voice to say that iron ore prices are headed materially lower by the end of this year, calling for a price of $90 per metric tonne. That compares to current spot prices around $133 per tonne. Iron ore prices fell to about $87 per tonne in more »

  • Iron Ore Market Reported to be in Trouble

    By Peter Epstein - April 7, 2013 | Tickers: AMI, BHP, CLF, VALE, FMG, LOND, RIO, TCK

    As I’ve posted from time to time over the past few months, iron ore prices are under pressure. Morgan Stanley is the latest voice to say that iron ore prices are headed materially lower by the end of this year, calling for a price of $90 per metric tonne. That compares to current spot prices around $133 per tonne. Iron ore prices fell to about $87 per tonne in more »

  • An Iron Deal Worth $2 Billion

    By Mike Thiessen - March 14, 2013 | Tickers: MT, RIO, TCK

    In a major transaction that has set off a round of speculation in the normally staid iron mining sector, London-based mining giant Rio Tinto (NYSE: RIO) has announced its plans to sell its stake in privately-held Iron Ore Company of Canada for as much as $2 billion. Rio Tinto's divestiture of its 58.5 percent stake in the company is likely to prompt a round of bidding for IOC more »

  • 2 Miners To Consider Now, 3 To Avoid

    By Bill Edson - January 10, 2013 | Tickers: BHP, CLF, VALE, RIO, TCK

    Many mining ventures face challenges working with local governments and working inside of local regulations. Yes, we live in a global world, but our legal and regulatory institutions are local. Ultimately, mining is very sensitive to parochial government since miners cannot leave and take their mines with them.

    Based on this risk and others, investors should only invest in miners at attractive valuation multiples.

    India Miners Shut Down

    India’s more »

  • Analyzing Three Metallurgical Coal Companies

    By Shweta Dubey - January 2, 2013 | Tickers: BTU, TCK, WLT

    Coal generation in the United States was low all throughout the 2012 due to pricing pressure and weak global demand. Weak Chinese economy and cheaper natural gas prices have led down the demand for coal. However, for the coming years I anticipate this scenario to change with the rise in the metallurgical (met) coal demand from BRIC economies. India's met coal demand is expected to increase 25% till 2015 more »

  • Should You Buy This Volatile Metal Stock

    By Shweta Dubey - December 28, 2012 | Tickers: FCX, SCCO, TCK

    A Plummeting coal price was the major reason for the poor third quarter results of Vancouver, British Columbia based Teck Resources (NYSE: TCK). It has reported lower 3Q 2012 earnings as compared to the year ago due to lower commodity prices prevailing in the market and also lower volumes of steel making coal being sold amid global economic concerns. The company’s third quarter adjusted EPS fell to $0 more »

  • FreePort's Big Move Into E&P Assets Is Bullish for Gold

    By Peter Epstein - December 10, 2012 | Tickers: BHP, FCX, NEM, TCK

    Freeport's Move Into Oil & Gas Speaks Volumes

    On Dec. 5, Freeport-McMoRan Copper & Gold, (NYSE: FCX) made a $20 billion move into Oil & Gas assets. Shareholders hate the move. In the two trading days since the announcement, FCX stock was down 19.5% from $38.3 to $30.8. Shareholder lawsuits have already begun to fly. Shareholders are livid that they were not given the chance to approve this transformational more »

  • Teck Resources a Top Pick for 2013!

    By Peter Epstein - December 3, 2012 | Tickers: BHP, CNX, BTU, RIO, TCK, WLT | Editor's Choice

    Not All Mining Stocks Are High Risk

    Canadian miner Teck Resources (NYSE: TCK) has three main business segments, all of which are attractive over the long-term. Currently the company's largest segment, premium hard coking coal, is under pressure. However, Teck has a significant copper business and an emerging Canadian Oil Sands business that's likely worth $4-$5 per share on a $33 stock price. Importantly though, Teck's more »

  • Vale: The Best Play In Mining?

    By Bill Edson - November 7, 2012 | Tickers: BHP, VALE, RIO, TCK

    There is a mining boom based largely on wildly-oversized construction spending in the People's Republic of China. Investors should be careful not to pay high valuations for mining companies that supply raw materials for building projects. Instead, they should require low valuations that do not assume continuous, high growth.

    Some Mining Companies Understand

    Vale (NYSE: VALE), the world's biggest iron-ore company, reported $4.28 billion in EBITDA (earnings more »

  • This Blockbuster Mining Company is Hard to Miss

    By Piyush Arora - October 30, 2012 | Tickers: BHP, VALE, RIO, TCK

    The health of the economy is an interesting topic for debate. The unemployment rate in the US dipped to 7.8%, housing sales and construction are witnessing an uptick, and the industrial output beat market expectations. To strengthen the financial system of the country, the Fed will be buying $40 billion worth of toxic mortgage backed securities and all these numbers suggest that economic recovery is in the cards. It more »

  • 2 Stocks to Buy as Mining Boom, Australian Economy Sputter

    By Bill Edson - October 24, 2012 | Tickers: BHP, VALE, RIO, TCK

    Perhaps I have never made a more heretical comment in my life, but there is more to investing that reacting to central bank announcements. Money printing doesn’t mean that every commodity stock is a buy. Investors still have to consider valuation, even if central banks around the world have committed to increasing the money supply.

    Dust Settling on Mining Boom

    Australia is the center of the mining boom because more »

  • Coking Coal Pricing Down 24%, Coal Equities Rally 28%

    By Peter Epstein - September 17, 2012 | Tickers: ANR, CNX, TCK, WLT

     4th Quarter Benchmark Coking Coal Price Settled at $170 Per Metric Tonne

    On September 12th, a 4th quarter benchmark coking coal contract was signed at $170 per metric tonne. This is 24% below 3rd quarter's $225 per tonne and ~50% lower than last year's high of $330 per tonne. Alarmingly, the spot price is below this new benchmark price, trading around $150 per tonne. This is surprising because more »

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