Reported 1 day ago
UBS has upgraded Teck Resources Limited (NYSE:TECK) stock from 'Neutral' to 'Buy', raising the price target to C$60, citing non-structural issues at the Quebrada Blanca mine and an expected production increase. The company's Q2 2025 results showed an adjusted EBITDA of $722 million, partly driven by improved profitability despite lower copper and zinc prices. Analysts are optimistic that Teck will benefit from rising copper prices.
Source: YAHOO