Teck maintains 2026 copper production guidance at 455,000–530,000 tonnes
Company expects 2026 zinc production of 410,000–460,000 tonnes
Teck sees Q3 2026 Red Dog zinc in concentrate sales of 220,000–270,000 tonnes
What drove the results
Copper output & prices - Significantly higher copper production and record copper prices drove profit and cash flow growth, per CEO Jonathan Price
Cost reductions & by-products - Strong cost performance and increased by-product revenue reduced copper net cash unit costs to US$1.64/lb from US$2.02/lb last year
Zinc segment gains - Higher zinc prices and an optimized feed strategy at Trail Operations boosted zinc segment profit
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the diversified mining peer group is "buy"
Wall Street's median 12-month price target for Teck Resources Ltd is C$86.25, about 6.9% above its July 22 closing price of C$80.66
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago
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