The Investment Reporter, in its June 23, 2023, issue, says hold Teck Resources Ltd., recently $64.46. The Reporter said buy 36 times from March 3, 1995, to Feb. 10, 2023, at prices ranging from $9.00 to $85.30 (the stock split 2:1 in May, 2007). Assuming an investment of $1,000 for each of the 36 buys, the $36,000 position would now be worth $136,784. Teck Resources is a diversified resource company with major business units focused on copper, zinc and steelmaking coal. After cancelling a shareholder vote to split the company into two pieces in late April, Teck has been engaging with parties interested in a deal involving the company's coal business. One of the well-publicized parties is Glencore PLC of Switzerland. Teck has emphasized that it continues to discuss a possible deal with all parties that have indicated interest. The company adds that the interest expressed by a wide range of parties shows the value of its high-margin, long-life steelmaking coal. The Reporter says hold Teck Resources for potential upside from its coal assets and its copper assets.
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