Teck Resources Ltd Class B (Sub Voting)
TECK.B: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 95.00 | Lgft | Lcwxkqb |
Commodity Prices in Mining Sector Supportive; Some Opportunities Available
Commodity prices have generally stabilized after falling on concerns that China’s reopening would underwhelm, along with worries over a recession in the West. Even so, they remain elevated versus history and cost-curve support. The Russian invasion of Ukraine and subsequent sanctions on Russia support energy prices and reinforce the importance of energy security.