From BMO...

"Teck continues to be our base metals top pick. Despite the miss versus our and consensus expectations, we continue to like Teck for its strong free cash flows and potential to increase returns to shareholders with its upcoming Q2 earnings - potentially through an additional share buyback program. We also continue to expect that growth of copper, relative decrease in the contribution of the coal business (through flat
volumes and lower selling prices), and potential sale of the energy business are aligned with investors seeking positive ESG momentum."