AllAnalyst Report
logoMorningstarJuly 17, 2023

Teck Resources Limited: Retaining Teck Resources' FVE at USD 40; Shares Close to Fair Value

Symbols
TECK
Sector(s)
Basic Materials
Rating
Current Price
$50.38
Fair Value
Economic Moat
Stewardship
Summary

Teck Resources is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc contributing a smaller amount to earnings. 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, which will increase Teck’s attributable copper production by around 80%. Al

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