Long Position on TECK @ $22.75 on 5/27/2021 (Fundamentals)

Teck Resources Limited (TECK) engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America.

It operates through Steelmaking Coal, Copper, Zinc, and Energy segments.

The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead and molybdenum concentrates. It also produces gold, silver, germanium, indium, and cadmium, as well as chemicals, industrial products, and fertilizers.

In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States.

The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009.

Including dividends, this stock has given investors a 120% increase on returns in the last twelve months. This stock should be a strong growth stock for investors.

Entry Point: $22.75

Stop Loss: $21.60

Trading Range: $9.23 - $26.72

Target Price: $25.00

Updates

6/2/2021 11:24:41 AM

TECK closed at $25.11

Position closed on 6/2/2021 at price of $25.11 with a 10.37% gain in 6 days.

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