Bullboard - Stock Discussion Forum Teck Resources Ord Shs Class A TECK

Primary Symbol: T.TECK.A Alternate Symbol(s): T.TECK.B | TCKRF

Metals & Mining Industrial Metals & Minerals

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek... see more

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TSX:TECK.A - Post Discussion

Teck Resources Ord Shs Class A > Deutsche Bank

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Post by retiredcf on Jan 18, 2022 9:04am

Deutsche Bank

08:58 AM EST, 01/18/2022 (MT Newswires) -- Deutsche Bank on Tuesday forecast key financial metrics for Teck Resources Ltd. (TECK-A.TO, TECK-B.TO) ahead of the Feb. 28 release of the company's financial results for the fourth quarter of 2021 and full-year 2021.

Deutsche Bank forecast an adjusted EBITDA of $ 2.7 billion, 4% below consensus, primarily driven by lower met coal sales.

The capex increase at the QB2 project is expected to be limited to 5%, with a step up in the COVID capex. Production will likely remain unchanged compared to previous guidance.

Given Teck's solid free cash flow, Deutsche Bank believes the company could top up its dividend.

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