Is Teck Stock a Buy?


Source: fool.ca fool.ca

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Is it the right time to buy Teck Resources stock? Here’s why my answer to that question is both “no” and “yes” at the same time. Teck Resources (TSX:TECK.B) stock has been one of the most consistent performers in the last few years, as it continues to impress investors by delivering positive returns, despite broader market uncertainties. After rallying by 129% in the previous three years, Teck stock is up about 11% in 2023 so far to currently trade at $56.27 per share. By comparison, the TSX Composite benchmark has risen only 3.8% year to date. Before we discuss whether...