AllAnalyst Report
logoMorningstarOctober 28, 2020

Teck Resources Limited: Miners Share Prices Generally Tread Water in September Quarter and Remain Modestly Overvalued

Symbols
TECK
Sector(s)
Basic Materials
Rating
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Current Price
$19.63
Fair Value
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Economic Moat
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Stewardship
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Summary

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper, zinc, and oil sands. Teck ranks as the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. It is building a major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo.

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