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Teck Cominco Ltd (TCK) [hlAlert]

Rating:
Buy TCK
down 44.00 %

Teck Cominco Ltd (TCK) rated Buy by UBS

Posted on: Wednesday,  Dec 17, 2014  11:25 AM ET by UBS

UBS rated Buy Teck Cominco Ltd (NYSE: TCK) on 12/17/2014, when the stock price was $12.25. Since
then, Teck Cominco Ltd has lost 44.00% as of 01/14/2016's recent price of $6.86.
If you would have followed this UBS's recommendation on TCK, you would have lost 44% of your investment in 393 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).

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2014 11:25 AM Buy
None
12.25
as of 10/17/2014
1 Week down  -2.49 %
1 Month down  -27.31 %
3 Months down  -34.18 %
1 YTD down  -39.83 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2009 8:25 AM Buy
None
5.91
1/8/2009 8:25 AM Hold
None
6.29
7/25/2008 10:25 AM Buy
None
38.69 59.00

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