Investing in Teck Resources
Teck Resources (TCK) is a diversified mining and minerals company. It’s the largest diversified minerals company in Canada. Teck Resources is listed on the New York Stock Exchange and has a market capitalization of $7.8 billion.
The company forms 0.35% of the iShares North American Natural Resources ETF (IGE). Freeport-McMoRan (FCX) and Goldcorp (GG) respectively form 1.11% and 0.87% of IGE. Goldcorp is the VanEck Vectors Gold Miners ETF’s (GDX) largest holding. It makes up 10% of the GDX portfolio.
In this series, we’ll present a complete business overview. We’ll discuss the key things you should know before investing in Teck Resources. We’ll also compare Teck Resources with its peer companies. In the end, we’ll analyze its outlook for 2015.
Teck Resources’ share price has been quite volatile on Wall Street over the past couple of weeks, as you can see in the above chart. There were rumors that it was in merger talks with Antofagasta. Antofagasta is a leading miner based in Chile. Both companies have now categorically denied that they are engaged in merger talks.
Teck Resources has interests in 13 mines located in Canada, Chile, Peru, and the United States. It employs more than 11,000 employees at its various operations. Copper, zinc, steelmaking coal, and energy are its primary businesses. We’ll discuss its various business segments in detail in the coming parts of this series. But before that, we’ll look at key points in the history of Teck Resources.