Scotiabank Raises its Price Target on Teck Resources (TECK) to C$80

On April 28, 2026, Scotiabank raised its terms people connected Teck Resources Limited (NYSE:TECK) to C$80 from C$75 antecedently portion maintaining a Sector Perform standing connected the shares.

On April 24, 2026, TD Securities besides raised its terms people connected Teck Resources Limited (NYSE:TECK) to C$82 from C$80 and kept a Hold rating. Canaccord followed with a terms people summation to C$85.50 from C$78 portion maintaining a Hold rating. The steadfast said Teck’s first-quarter results were intelligibly affirmative but remained neutral to its broader concern thesis arsenic the institution moves toward completing its merger with Anglo American plc.

On April 23, 2026, Teck reported Q1 adjusted EPS of C$1.75, up sharply from C$0.60 a twelvemonth earlier, portion gross climbed to C$3.94 cardinal from C$2.29 billion. CEO Jonathan Price said the beardown 4th was driven by grounds copper sales, favorable commodity prices, and disciplined execution crossed operations. He highlighted robust show astatine the Quebrada Blanca Mine, which delivered grounds quarterly copper income and continued operational stability. Price added that the institution remains focused connected maintaining operational subject portion advancing its merger-of-equals transaction with Anglo American plc toward closing.

Teck Resources Limited (NYSE:TECK) operates mining assets crossed Asia, the Americas, and Europe, with vulnerability to copper, zinc, lead, and silver.

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