(TCK - Get Report)
, a stock cherished by analysts
with a high-beta value
, is a natural resources company engaged in mining, smelting and refining.
Teck Resources aims to increase copper production by 40% over the period 2009-2013 and triple output over the next decade. While long-term projects could be expensive and complicated, CEO Don Lindsay indicates the company could self-fund the projects and meet other cash needs by even discounting the current commodity prices, according to a JPMorgan report. Additionally, Teck will benefit in the long term, given the exposure to high-growth emerging markets through copper, coal and zinc exports.
For the current quarter, the company is anticipated to reports earnings of $1.22 per share, in comparison with the 70 cents reported in the year-ago period. Teck is set to report 2010 earnings of $3.55 per share and $5.30 per share for 2011, in comparison to earnings of $3.27 in 2009, according to analysts polled by
. Of the 18 analysts covering the stock, 13 recommend buying, four suggest holding and one advises selling.
Ahead of its peers, the stock surged 20% during the past one month on increasing copper and metallurgical coal prices. Year-to-date, the stock jumped 61%, in comparison to
Freeport-McMoRan Copper & Gold's
gains of 40% and 42%, respectively. During the same period, mining giants
gained 28%, 16% and 18%, respectively.