Teck Resources Limited (NYSE: TECK) received an upgrade from UBS to “Buy” from “Neutral” with a price target of C$60. Analysts believe the issues at the Quebrada Blanca mine are not structural and production could increase to 270kt in the next year. The company is expected to benefit from an improving copper price.

In Q2 2025, Teck Resources Limited (NYSE: TECK) saw a milestone in copper production growth with approval for the Highland Valley Copper Mine Life Extension project. The company reported adjusted EBITDA of $722 million, slightly higher than the previous year due to improved profitability from Trail Operations. Profit before taxes in Q2 2025 was $125 million.

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Read more at Yahoo Finance: UBS Upgrades Teck Resources (TECK) Stock to Buy From Neutral