High Prices Bolster Teck's 1Q, but We Expect Considerable Downside
Higher copper, metallurgical coal, and zinc prices more than offset Teck Resources’ poor operating performance in the first quarter. Teck realized met coal prices of $213 per tonne, slightly higher than the $207 achieved during the fourth quarter of 2016. Still, the realized price was roughly 25% lower than its headline $285 per tonne contract price for first quarter announced with 2016 full-year earnings, as spot prices had begun to fall from their November 2016 peaks. Teck has yet to agree on ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.