Is Teck Resources Ltd. a Buy?
Mining companies rarely specialize in one commodity. That's mostly due to the nature of raw ores and mineral deposits, which often contain multiple resources. For instance, gold, silver, and lead are often mined from a single asset. Lithium production comes with a steady stream of potash. And so on. But only the largest companies can dip their hands into multiple cookie jars and own multiple production assets spanning unrelated mineral groupings.
The $11 billion mining stock Teck Resources (NYSE: TECK) is a great example. The Canadian miner is a major producer of steelmaking or metallurgical coal, zinc concentrate, and copper, in addition to being a small to moderate producer of gold, silver, lead, and molybdenum. It struggled during the commodity pricing slump that began in 2014, although things may be turning around.
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Source: Fool.com
