Bullboard - Stock Discussion Forum Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s): TCKRF | TECK | T.TECK.B

Metals & Mining Industrial Metals & Minerals

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek... see more

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TSX:TECK.A - Post Discussion

Teck Resources Ord Shs Class A > Analyst favorite metal stock

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Post by jrj90620 on Jun 22, 2023 12:38pm

Analyst favorite metal stock

Morgan Stanley analyst Carlos De Alba said he sees material downside to consensus estimates for Alcoa (AA), and expects the stock will face downward pressure and underperform as negative earnings revisions materialize.

De Alba thinks mining stocks in general "may continue their recent move higher on sentiment around China stimulus for a bit longer, but we don't think the rally is sustainable."

The analyst's top pick in the sector is Teck Resources (TECK), seeing value in the company's asset base and free cash flow rising in the coming years post QB2 completion that may result in higher dividends ahead.

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