Teck Resources has more than tripled from its March 2020 low as new COVID-19 vaccines help world economies recover. That rebound has spurred both demand and prices for the company’s main commodities.
Teck will also benefit from the big expansion of its copper operations in Chile—and that shift is also reducing its reliance on selling coal to steelmakers. Meanwhile, the potential for a spinoff of the company’s coal operations adds further investor appeal.
I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on the stock. It explains why we feel Teck is a solid addition to the Resources portion of any investor’s portfolio. We hope you enjoy and profit from this Spotlight.
Pat
INNER CIRCLE SPOTLIGHT REPORT ON TECK RESOURCES
Teck’s pivot to copper will pay off for investors
TECK RESOURCES, $35.16, symbol TECK.B on Toronto (Shares outstanding: 532.5 million; Market cap: $19.7 billion; Resources sector; TSINetwork Rating: Extra Risk; Dividend yield: 0.6%; www.teck.com), explores for and develops various…
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Changes to this Policy
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