TSX:TECK.A - Post by User
Post by
Dogsbreakfast4Uon Mar 22, 2021 8:57am
408 Views
Post# 32849036
RBC Upgrade
RBC Upgrade Teck Resources Ltd. (TECK.B-T) to $35 from $32. Average: $31.28.
“Teck Resources has been held back by weak coal prices, however, sales into China at higher prices should help, but more importantly the transition into a more copper-focused company should start to gain traction,” he said. “Completing Neptune, de-risking QB2, and divesting Fort Hills are potential catalyst this year. Teck is trading at 0.7 times our NAVPS at spot prices vs. copper peers at 1.0 times showing the potential to unlock value over the next 2 years.