Teck Resources Ltd Class B (Sub Voting)
TECK.B: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 19.00 | Xwt | Xhdnypxj |
Commodity Price Update: Gold and Thermal Coal Companies Among the Cheapest
Near-term iron ore prices are higher on strong China steel production. Gold prices are up on optimism over peak interest rates, driving a 2% rise in our estimate for no-moat Newmont, to USD 54. It is the cheapest we cover, trading 30% below fair value.