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TECK

Teck Resources Ltd

BUY 2026-08-01 Updated today USD 60.24 Basic Materials - Industrial MaterialsAWAIT ENTRY
65

Position levels

Currenttoday
USD 60.24
Buy <=wait / entry
USD 50.00
Trim >=take some off
USD 66.00
Thesis breakAbandonment or material restructuring of the announced Anglo American merger of ...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case33%100 / 10033.0
Base case48%62 / 10029.8
Bear case19%10 / 1001.9
Weighted conviction65 / 100 - BUY

Top risks

  • Teck and Anglo American merger of equals to form global critical minerals champion
  • Q2 2026 adjusted EPS of C$1.93 beat mean estimate of C$1.25
  • Construction of Highland Valley Copper Mine Life Extension to proceed
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.