Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (54220)	2/28/2019 9:14:13 AM
From: Goose94	Read Replies (1) \| Respond to of 203325

Teck Resources (TECK.B-T) RBC Dominion Securities analyst Stephen Walker is sticking with his "outperform" call on Teck Resources. Mr. Walker, however, trimmed his share target to $44 from $52. Analysts on average target the shares at $39.59. Mr. Walker says in a note: "Since August, 2016, the spot coking coal price has averaged $203 per ton and despite a prolonged period of price elevation there has been little supply side response to meet demand. A string of logistics and mine issues have kept the market tight, and these usually deemed 'one-off' incidents have become a pattern that we expect to continue through 2019 as there is a lack of investment in new projects, and currently operating mines become older and more likely to have problems. This backdrop allows Teck to execute on its strategy and continue to return capital to shareholders. Teck has historically traded at a 0.7-times EBITDA discount to the global diversified miners, however, that discount has widened with Teck trading at 3.9-times EBITDA versus its peers at 6.1 times. On a P/NAV basis Teck is trading at 0.7 times, while its peers are trading at 1.1 times."