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

Teck Resources Limited (NYSE:TECK) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 28, 2026, Scotiabank raised its price target on Teck Resources Limited (NYSE:TECK) to C$80 from C$75 previously while maintaining a Sector Perform rating on the shares.

On April 24, 2026, TD Securities also raised its price target on Teck Resources Limited (NYSE:TECK) to C$82 from C$80 and kept a Hold rating. Canaccord followed with a price target increase to C$85.50 from C$78 while maintaining a Hold rating. The firm said Teck’s first-quarter results were clearly positive but remained neutral to its broader investment thesis as the company 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 year earlier, while revenue climbed to C$3.94 billion from C$2.29 billion. CEO Jonathan Price said the strong quarter was driven by record copper sales, favorable commodity prices, and disciplined execution across operations. He highlighted robust performance at the Quebrada Blanca Mine, which delivered record quarterly copper sales and continued operational stability. Price added that the company remains focused on maintaining operational discipline while advancing its merger-of-equals transaction with Anglo American plc toward closing.

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

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