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Enter Symbol:
Rating: TCK
Underweight $4

Teck Cominco Ltd (NYSE: TCK) rated to Underweight with price target $4 by Barclays

Thursday,  Jan 14, 2016  1:25 PM ET by Dave Ficere

Barclays rated Teck Cominco
Ltd (NYSE: TCK) to Underweight with price target $4.

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).

Barclays



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