Morningstar - Teck Resources Limited Class B (TECK.B) Teck Resourcesâ€™ Investor Day Positive, Raising our FVE to USD 20.50 per share

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Morningstar

Mathew Hodge

EUR 100.00 For Business Accounts Only

Teck Resourcesâ€™ Investor Day Positive, Raising our FVE to USD 20.50 per share

Many small pluses from no-moat Teck Resourcesâ€™ annual investor day add up to underpin a 12% rise in our fair value estimate to USD 20.50 per share. On the plus side, Teck progressed its five so-called satellite deposits. Collectively, copper resources for these deposits nearly doubled to 25 million tonnes since 2016. Zafranal and San Nicholas have advanced meaningfully and now look likely to go ahead. Teck is also looking to incrementally expand its coal, oil sands, copper and zinc operations. H...

07/04/2019 14 EN

Underlying

Teck Resources Limited Class B

Teck Resources is engaged in mining and related activities including exploration, development, processing, smelting and refining. Co.'s major products are steelmaking coal, copper and zinc. Co. also produces precious metals, lead, molybdenum, electrical power, fertilizers and other metals. Co. also owns an interest in certain oil sands leases and have partnership interests in an oil sands development project and wind power project.

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CA8787422044 Toronto Stock Exchange Canada

Provider

Morningstar

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.

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Analysts

Mathew Hodge

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Teck Resourcesâ€™ Investor Day Positive, Raising our FVE to USD 20.50 per share

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Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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