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Enter Symbol:
 
Teck Cominco Ltd (TCK) [hlAlert]

Rating:
Outperform
TCK
down 77.97 %

Teck Cominco Ltd (TCK) rated Outperform by Raymond James

Posted on: Tuesday,  Oct 30, 2012  8:25 AM ET by Raymond James

Raymond James rated Outperform Teck Cominco Ltd (NYSE: TCK) on 10/30/2012, when the stock price was $31.14. Since
then, Teck Cominco Ltd has lost 77.97% as of 01/14/2016's recent price of $6.86.
If you would have followed this Raymond James's recommendation on TCK, you would have lost 77.97% of your investment in 1171 days.

Teck Resources Limited, formerly Teck Cominco Limited, is engaged in the exploration for and development and production of natural resources. The Company?s principal products are copper, metallurgical coal, zinc and gold. Lead, molybdenum, various specialty and other metals, chemicals and fertilizers are by-products produced at its operations. It also sells electrical power that is surplus to its requirements at the Trail metallurgical operations. In February 2009, the Company announced the sale of its 50% interest in the Hemlo Operations, located in northwestern Ontario. In February 2009, it also announced the sale of its 50% interest in the Williams and David Bell mines in Ontario. In November 2009, Gleichen Resources Ltd. completed the acquisition of a 78.8% interest in the Morelos Gold Project from Teck Resources Limited through the acquisition of Oroteck Mexico S.A. C.V. from Teck subsidiaries, Teck Metals Ltd. and Teck Exploration Ltd. (collectively Teck).

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/30/2012 8:25 AM Buy
None
31.14
as of 12/31/2012
1 Week up  1.47 %
1 Month up  7.95 %
3 Months up  16.73 %
1 YTD up  16.73 %

(*) Stock Price at the time of the recommendation.
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