Teck Resources

Teck Resources reported Q1 2026 EPS of $1.75 (expectation $1.17) and revenue of $3.94bn (expectation $3.15bn), driven by record prices and volumes in copper. Adjusted EBITDA rose to CAD 2.1bn (+125% YoY) and the gross margin before depreciation was 53%. The stock rose about 7.8% in pre-market trading; the company confirmed its full-year guidance for copper and zinc production. Risks remain price volatility, planned outages and higher diesel prices. » Mere på de.investing.com

Teck reports adjusted EBITDA of $2.1bn (+125%) and pre-tax earnings of $1.3bn for Q1 2026, supported by an average copper price of $5.83/lb and higher sales volumes. Copper production rose sharply, net cash unit costs fell, and adjusted earnings per share climbed to $1.75. Liquidity remained high ($9.8bn) and the net cash position improved to $488m. Teck confirms full-year guidance, reports progress on the HVC and QB projects, and has received eight of nine regulatory approvals for the planned merger with Anglo American. » Mere på de.investing.com

Scotiabank raised its price target on Teck Resources to C$80 from C$75 while keeping a Sector Perform rating, following strong first-quarter results. TD Securities and Canaccord also lifted targets (to C$82 and C$85.50 respectively) and maintained Hold ratings. Teck reported Q1 adjusted EPS of C$1.75 and revenue of C$3.94 billion, driven by record copper sales and robust performance at Quebrada Blanca as the company advances its merger with Anglo American. » Mere på finance.yahoo.com