Teck Resources Ltd. (TSX: T.TCK.A, Stock Forum) (TSK: T.TCK.B, Stock Forum) (NYSE: TCK, Stock Forum), the second-largest exporter of seaborne coal used in steelmaking, fell the most in three months Thursday after forecasting weakness in coal markets until at least the middle of the year.
The stock was down 3.4% Friday to $33.28, adding to a loss of 6% Thursday amid a weak production forecast included in the miner’s latest earnings report.
At current levels, Canada’s biggest diversified miner has a market cap of $19 billion, based on 572.9 million shares outstanding. The 52-week range is $41.59 and $26.02.