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Teck Cominco Ltd (TCK) [hlAlert]

Rating:
Sector Outperform
TCK
down 66.45 %

Teck Cominco Ltd (TCK) rated Sector Outperform by Scotia Capital

Posted on: Wednesday,  Jul 3, 2013  12:25 PM ET by Scotia Capital

Scotia Capital rated Sector Outperform Teck Cominco Ltd (NYSE: TCK) on 07/03/2013, when the stock price was $20.45.
Since then, Teck Cominco Ltd has lost 66.45% as of 01/14/2016's recent price of $6.86.
If you would have followed this Scotia Capital's recommendation on TCK, you would have lost 66.45% of your investment in 925 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).

Scotia Capital has well-respected research capabilities in fixed income research, equity research, economics, and foreign exchange. We offer coverage for Canada, the United States, and Mexico. In the Unites States, we offer in debt research coverage on the US investment grade debt and high yield debt markets. Publications include daily and weekly company reports and industry reports. This research is also available through SC Online, as well as through Bloomberg.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/3/2013 12:25 PM Buy
None
20.45
as of 12/13/2013
1 Week down  -2.00 %
1 Month down  -12.08 %
3 Months down  -15.13 %
1 YTD up  12.42 %

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