Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Teck Resources down again on weak coal markets forecast

Stockhouse Editorial
0 Comments| February 8, 2013

{{labelSign}}  Favorites
{{errorMessage}}

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.



{{labelSign}}  Favorites
{{errorMessage}}