Professional
Added to YB: 2024-05-15
Pitch date: 2024-03-31
TECK [bullish]
Teck Resources Limited
-3.38%
current return
Author Info
No bio for this author
Company Info
Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America.
Market Cap
CAD 31.3B
Pitch Price
CAD 61.47
Price Target
N/A
Dividend
1.64%
EV/EBITDA
5.00
P/E
25.28
EV/Sales
2.07
Sector
Metals and Mining
Category
growth
L1 Capital Long Short Fund Portfolio Holding: Teck Resources Limited
TECK +8%: Shares rose on copper market strength. Selling coal biz for $8.6B with $1.3B received, $500M for buyback. Post-sale, significant capital flexibility expected. Will be leading copper-zinc producer with 60%+ production growth potential over next decade. 2024 focus: Ramp up QB2 copper mine & establish positive operating track record.
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