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Updated · MarketWatch · May 1Teck Resources Cl B stock falls and underperforms Canadian market
7 articles · Updated · MarketWatch · May 1
- The shares slipped 0.63% to C$78.80 on Friday, while the S&P/TSX Composite Index fell 0.22% to 33,891.18.
- Teck closed 8.9% below its 52-week high of C$86.48, reached on 23 April.
- Trading volume was 572,692 shares, below the stock's 50-day average of 1.2 million, in a broadly weak session for Canadian equities.
Could Teck’s strong copper results and looming merger with Anglo American mask deeper risks that could trigger a major stock correction soon? With global copper supply threats and regulatory hurdles, how secure is Teck’s future as a pure-play energy transition metals giant after the merger?