Teck Resources (TCK) Is A Good Pick Among Mining Stocks

Bank of America Merrill Lynch has given a Buy rating for Teck Resources Limited (NYSE: TCK)(FREE stock trend analysis) and believes Teck is best positioned to benefit from the increased demand and the improving prices.

Teck generates a 75% of its EBITDA from coal and copper, which have a positive outlook. Bank of America noted that Teck had improved its financial flexibility and strengthened its balance sheet. The stock is currently trading at $35.38.